We aren't in a recession. The broad job market is still way too tight.
But it is coming. It is being engineered by the Fed to reduce inflation. Probably sometime next year.
But it is coming. It is being engineered by the Fed to reduce inflation. Probably sometime next year.
https://www.nber.org/research/business-cycle-dating
https://www.bloomberg.com/news/articles/2022-07-12/no-us-rec...
We currently aren't seeing one; that would be stagflation. We're seeing inflation plus economic activity instead.