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Recession odds are ‘very high’ as economy looks poised to see an unemployment wave and plunging consumer spending, chief economist says

“Is it possible the Fed cuts rates very dramatically? Yes. But that’s only going to happen or most likely going to happen if there’s a recession.” … “Is it possible the Fed cuts rates very dramatically? Yes. But that’s only going to happen or most likely going to happen if there’s a recession.” … See…

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Key inflation measure, personal consumption measure rose 2.8% in January, compared to year ago

By: WASHINGTON, DC – Inflation increased 2.8% in January, compared to a year ago, according to a key report released Thursday by the Commerce Department.The monthly personal consumption expenditures price index, by the agency’s Bureau of Economic Analysis, also shows prices, excluding food and energy costs, increased 0.4% in January, compared to the previous month.The monthly and…

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