The popular definition of an economic recession has traditionally been “two consecutive quarters of negative real gross domestic product (GDP) growth”, but economists at Bank of America’s Global Research team aren’t expecting an official ‘recession’ call anytime soon. They note that the National Bureau of Economic Research (NBER), which is
The Fed raised it’s benchmark interest rate by 0.75 percentage points, the biggest increase since 1994.In a move to curtail the highest inflation rate in 40 years, the federal reserve raised the benchmark interest rate at its most aggressive hike since 1994. They also significantly cut their economic growth outlook
The overall market sentiment has been bearish lately, with many stocks down as much as 20%-70%. Although it’s been a tough time lately for investors in U.S. stocks, it’s important to keep in mind that volatility is an inevitable part of investing—and that a long-term investment strategy can provide a degree
The bipartisan Infrastructure Investment and Jobs Act (IIJA) was signed into law last week, and the Build Back Better Act (BBBA) passed the House of Representatives and moved on to the Senate.For decades economists have tried to determine how spending on infrastructure – roads, bridges, canals, railways, broadband and other
As prices continue to march higher for food, gas, and just about everything else, everyday people are beginning to realize that maybe inflation won’t be as ‘transitory’ as the Federal Reserve continues to assert.According to the New York Fed’s Survey of Consumer Expectations, inflation expectations for three years from now