employment trends

The market read the Federal Reserve all wrong | CNN Business

The market read the Federal Reserve all wrong | CNN Business

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. New York CNN Business  —  After the Federal Reserve’s July meeting, investors quickly reached a consensus: The central bank was turning slightly dovish. After embarking on an aggressive rate-hike spree this year in …

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US economy contracts again, fueling recession fears | CNN Business

US economy contracts again, fueling recession fears | CNN Business

CNN  —  The US economy shrank again in the second quarter, the Bureau of Economic Analysis said Thursday. Gross domestic product, a wide-ranging measure of economic activity, fell by 0.9% on an annualized basis from April through June. That decline marks a key symbolic threshold for the most commonly used — albeit unofficial — definition …

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White House downplays recession fears ahead of upcoming GDP report | CNN Politics

White House downplays recession fears ahead of upcoming GDP report | CNN Politics

CNN  —  President Joe Biden’s advisers are downplaying recession fears ahead of a highly anticipated report that could show the economy shrinking for a second consecutive quarter. While there is no steadfast rule governing what defines a recession in the US, it is commonly understood to be two consecutive quarters of GDP shrinking. But a …

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