A majority of the nation’s business economists expect a U.S. recession to begin later this year than they had previously forecast, after a series of reports have pointed to a surprisingly resilient economy despite steadily higher interest rates.
WASHINGTON —
The findings, reflecting a survey of economists from businesses, trade associations and academia, were released Monday. The delay in the economists' expectations of when a downturn will begin follows a series of government reports that have pointed to a still-robust economy even after the Federal Reserve has raised interest rates eight times in a strenuous effort to slow growth and curb high inflation.
And sales at retail stores and restaurants jumped 3% in January, the sharpest monthly gain in nearly two years. That suggested that consumers as a whole, who drive most of the economy's growth, still feel financially healthy and willing to spend.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2023 US recession now expected to start later than predictedA majority of the nation’s business economists expect a U.S. recession to begin later this year than they had previously forecast, after a series of reports have pointed to a surprisingly resilient economy despite steadily higher interest rates
Read more »
2023 US recession now expected to start later than predictedWASHINGTON (AP) — A majority of the nation’s business economists expect a U.S. recession to begin later this year than they had previously forecast, after a series of reports have pointed to a surprisingly resilient economy despite steadily higher interest rates.
Read more »
The 12 best night sky events to see in 2023Joe Rao is Space.com's skywatching columnist, as well as a veteran meteorologist and eclipse chaser who also serves as an instructor and guest lecturer at New York's Hayden Planetarium. He writes about astronomy for Natural History magazine, the Farmers' Almanac and other publications. Joe is an 8-time Emmy-nominated meteorologist who served the Putnam Valley region of New York for over 21 years. You can find him on Twitter and YouTube tracking lunar and solar eclipses, meteor showers and more. To find out Joe's latest project, visit him on Twitter.
Read more »
Disney+: Every New Movie & TV Show Releasing In March 2023In March 2023, Disney+ is bringing the return of The Mandalorian, a sports-drama movie, a one-of-a-kind sports event, and a lot more.
Read more »
Used Car Bargains May Be Harder To Find As Wholesale Prices Surge 4.1% In 2023 | CarscoopsUsed Car Bargains May Be Harder To Find As Wholesale Prices Surge 4.1% In 2023 | Carscoops carscoops
Read more »