Leading economic indicators stubbornly point to a recession. It still hasn't arrived.

Aug 17, 2023
So are the indicators wrong, or have we just not waited long enough?
“If this recession happens, it will be the most predicted recession — like, ever,” said former Federal Reserve economist Claudia Sahm.
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U.S. equity investors think stocks are too expensive, survey finds

Aug 16, 2023
S&P Global’s investment manager index survey says most sectors are losing favor with investors. What's going on?
Climbing interest rates are pushing investors away from stocks and into bonds, per Gary Schlossberg with the Wells Fargo Investment Institute.
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Why the Fed could eventually cut interest rates again

Aug 15, 2023
Goldman Sachs economists predict rate reductions next year based on declining inflation, which would make high rates unnecessary.
The Federal Reserve has been raising the federal funds rate to bring down inflation. If inflation declines further, high rates might be unnecessary.
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China's exports are falling, and that's a bad sign for the global economy

Aug 8, 2023
China is the world’s top exporter, and its trade data is a barometer for consumer spending around the world.
China’s exports fell 14.5% in July from a year earlier, the biggest decline since the start of the pandemic. Above, a port in China's eastern Jiangsu province.
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Are we finally exiting the "vibecession"?

Aug 2, 2023
We asked content creator and independent economics educator Kyla Scanlon if consumer sentiment is finally matching up with economic data.
"I think things are trending upward for most people," says economics educator Kyla Scanlon. "But still, it can feel like there's sometimes maybe something missing or something a little bit off."
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Job data's all over the place, but things are still pretty good for some workers

Jul 6, 2023
ADP and other labor market signals point to continuing interest rate increases by the Federal Reserve.
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The manufacturing sector is slowing. That could be a sign of a coming recession.

Jul 5, 2023
It's just over 10% of the U.S. economy but it has an outsized influence.
The Institute for Supply Management’s Purchasing Managers Index — a survey that measures manufacturing activity — fell again in June for an 8th straight month.
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For public good, not for profit.

What the Fed wants to see in the next jobs report

Jul 4, 2023
To not be so stubbornly good? "We still see the labor market running very hot,” one economist says.
Fed policymakers use data from household surveys, financial markets, professional forecasters and the labor market to set interest rates, says Rice University economist Zach Bethune.
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Economic indicators can't tell us the economy's whole story

Jun 23, 2023
The manufacturing sector is shrinking, according to a report. But that doesn’t account for people’s spending or the tight labor market.
"If you move beyond the vibes and look at the hard data, we’re creating jobs at a gangbusters pace, unemployment is at a 50-year low," says Justin Wolfers of the University of Michigan. "This ain’t a recession, man."
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Other countries are tipping into recession — and could drag the U.S. along

Jun 20, 2023
Among them are New Zealand, Germany and, probably, China.
Germany is among the nations around the world facing a recession linked to their battles with inflation. Above, a Christmas market in Heidelberg.
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