Powell: ‘No reason’ to think economy is close to recession. “Growth is strong. As I mentioned, the economy is in a good place. There is no reason to think the economy is in a recession or is at the edge of one.” The US economy has largely defied expectations over the past year and a half.

by mafco

7 comments

  1. More on this subject from other reputable sources:

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    – Axios (B+): [Getting over high inflation is going to take some time](https://www.axios.com/2024/03/29/inflation-prices-us-economy)
    – Associated Press (A-): [An inflation gauge closely tracked by the Federal Reserve shows price pressures easing gradually](https://apnews.com/article/inflation-prices-election-federal-reserve-rates-economy-1e44dbd90769dbe968fd6ee702c7006a)
    – USA Today (B): [PCE inflation report: Key measure ticks higher for first time since September](https://www.usatoday.com/story/money/2024/03/29/pce-inflation-report-february-fed-rate-impact/73133579007/)
    – Business Standard (B-): [Fed’s balancing act could see rate cut in play even with sticky inflation](https://www.business-standard.com/economy/news/central-bank-not-growing-more-tolerant-of-higher-inflation-jerome-powell-124032900330_1.html)

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  2. The default state of economy is a constant recession for anyone who isn’t making top 10% salary ranges or more.

  4. Defied expectations – Does that mean that there are expectations of a recession?

  6. If this is true, then it’s CEOs artificially squeezing us

  7. A lot of people traveling for Easter this year compared to last year. The airport was packed yesterday compared to the prior year.

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