Recession

Alex Wong/Getty Images (WASHINGTON) — U.S. Federal Reserve Chair Jerome Powell told reporters Wednesday that the Fed staff no longer forecasts a recession for the U.S., and there is a chance inflation could return to target without high job losses. In April, the Federal Reserve staff expected the regional bank crisis to tip the economy into […]

Anton Petrus/Getty Images (NEW YORK) — Recession fears are growing, even as households strained by inflation begin to find some relief. The dynamic captures the confusing state of the U.S. economy, as the Federal Reserve aggressively fights inflation with interest rate hikes that aim to slash prices by slowing demand and risking a recession. In […]