Hello, August! As we begin a new week and a new month, it seems like each day brings the question, "is it a recession, or isn't it?!" Our Peek of the Week reexamines last week's analysis about economic growth in the United States and how it's slowed for two consecutive quarters. We discuss how the GDP (gross domestic product) is measured and how it's contributing to our current inflation and our potential recession.
Read MoreIs the economy doing well, or not? The answer doesn't come easy these days. Today we posted a brand new Peek of the Week that attempts to answer this question. Last week, the focus was on retail sales for the month of December 2021 being down 1.9 percent compared to November 2021. There are more factors and timeframes to consider than the month-to-month data, and Barron's reported the "the slowdown is expected to be short-lived."
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