Signs that inflation pressures in the United States are steadily easing emerged Friday in reports that consumer prices rose in June at their slowest pace in more than two years and that wage growth cooled last quarter.

Signs that inflation pressures in the United States are steadily easing emerged Friday in reports that consumer prices rose in June at their slowest pace in more than two years and that wage growth cooled last quarter.

  • Whirlybird
    1·
    1 year ago

    “Better push out those recession forecasts by another quarter,” Stephen Stanley, chief U.S. economist at investment bank Santander, wrote in a research note.

    Realistically the US was in a recession like 12 months ago. They just chose not to use the decades long definition of when a market is in a recession - 2 consecutive quarters of negative GDP growth -because they didn’t want to be the government that was in power when a recession hit.