₦airaland Forum

raumdeuter:
U.S. economic activity contracted for the second consecutive quarter in Q2, data from the Commerce Department showed Thursday.

The Bureau of Economic Analysis's advance estimate of Q2 U.S. gross domestic product (GDP) released Thursday showed a 0.9% annualized decrease in economic growth for the three-month period ended June 30.

On Wednesday, the Federal Reserve raised its benchmark interest rate by a sizable three-quarters of a point for a second straight time in its push to conquer the worst inflation outbreak in four decades.

The Fed is hoping to achieve a notoriously difficult “soft landing”: An economic slowdown that manages to rein in rocketing prices without triggering a recession.

budaatum:
It was intended. Were you not expecting it?

raumdeuter:
Just yesterday Jerome Powell said we are not going into a recession

The strength of America's job market, Fed Chair Jerome Powell said at a news conference Wednesday, “makes you question the GDP data.'' The economy posted some encouraging news Wednesday: June reports on the trade deficit (narrower), inventories (higher) and orders for high-priced factory goods (better than expected) suggested that second quarter GDP might turn out to be stronger than previously feared.

Economists at JP Morgan have doubled their forecast for April-June growth to an annual pace of 1.4%.

stanech:
UST IN - United States is entering a recession: GDP contracted by 0.9% in Q2, the second quarter in a row.


Thanks Joe!!!

budaatum:
And you are not yet "going into a recession", though you might arrive at one eventually if Powell got it wrong.

Ibime:
You can type what you want. If 2nd quarter comes in negative, every news channel will broadcast it as recession. That is what the market recognises and will tank in reaction. If Yellen has seen the GDP number, what she said indicates we will see a small increase in GDP, probably less than one percent. That's if she knows the GDP number.

raumdeuter:
Well we are already in a recession offically by the reports today

raumdeuter:
Just yesterday Jerome Powell said we are not going into a recession

budaatum:
It was intended. Were you not expecting it?

Weregonnalose:
Ya donkey witha good ah track record of ah supporting idiot leaders that isa destroy nations ye. Ya is loser ye. Jimetagambo ya take ya donkey.

Kikikikiki

budaatum:
And you are not yet "going into a recession", though you might arrive at one eventually if Powell got it wrong.

stanech:
Trump is obviously was a better president...

budaatum:
And you are not yet "going into a recession", though you might arrive at one eventually if Powell got it wrong.

The strength of America's job market, Fed Chair Jerome Powell said at a news conference Wednesday, “makes you question the GDP data.'' The economy posted some encouraging news Wednesday: June reports on the trade deficit (narrower), inventories (higher) and orders for high-priced factory goods (better than expected) suggested that second quarter GDP might turn out to be stronger than previously feared.

Economists at JP Morgan have doubled their forecast for April-June growth to an annual pace of 1.4%.

raumdeuter:
Well we are already in a recession offically by the reports today.

Consecutive quarters of falling GDP constitute one informal, though not definitive, indicator of a recession.

budaatum:
I am hoping the complexity is not beyond your ability to comprehend.

stanech:
The Biden Recession is upon us.

One would think it’s difficult to destroy prosperity this quickly, but Biden did it…

And Powell said that “we wouldn’t hesitate” to go even higher – so a 100-basis point hike maybe – if inflation data comes in hot.

He said over and over again that the Committee was “determined” to tighten financial conditions, and that it was “necessary” to slow the economy, and it was “necessary” to slow demand, and it was “necessary” to slow the labor market in order to get inflation back down.

And inflation is going to be the top focus until “we confident that inflation is on a path down to 2%.”
https://wolfstreet.com/2022/07/27/powell-puts-75-basis-point-hike-on-table-for-sept-fed-determined-to-get-inflation-down-come-heck-or-high-water-most-hawkish-fomc-press-conference-i-ever-watched/

budaatum:
The recession has been coming since 2019! You can't live on borrowings and asset price inflation for so long and not expect to reap the rewards.

budaatum:
The recession has been coming since 2019! You can't live on borrowings and asset price inflation for so long and not expect to reap the rewards.

stanech:
BREAKING: The U.S. economy shrank for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession.

https://apnews.com/article/united-states-economy-economic-growth-government-and-politics-4ffd93331422cb131a974223dad5825f

basilico:
For an admin that cannot define women, inflation and recession thats expected

jimetagambo:
By da way. Jeremi ah Republikkan hack

Kikikikikikiki

budaatum:
Makes one wonder, especially when dump was telling him to keep rates low so asset prices got inflated.

budaatum:
Makes one wonder, especially when dump was telling him to keep rates low so asset prices got inflated.

basilico:
For an admin that cannot define women, inflation and recession thats expected

In an earnings call to investors, Meta CEO Mark Zuckerberg said that he will be looking for ways that the company can do more with less. As the economy slows, customers are buying less and the demand for Meta’s digital ad services is falling, so Meta earns less.

stanech:
The Biden Recession is upon us.

One would think it’s difficult to destroy prosperity this quickly, but Biden did it…

budaatum:
Makes one wonder, especially when dump was telling him to keep rates low so asset prices got inflated.

jimetagambo:
Disi were ya ah steal ya post . Trumpolini ah nefa originals


Kikikikikikiki

jimetagambo:
Jeremi ah wait fa da NEBR ta announces

Leave it fa da experts peoples FOB niqqa

By da way. Jeremi ah Republikkan hack

Kikikikikikiki