The US Economy Has Fallen into Recession
Real GDP declines of 1.6% in the 1st quarter followed by 0.9 in the 2nd quarter qualifies as a recession
And what are the dumbshits at the Federal Reserve doing? The idiots are trying to fight supply constraints caused by Biden’s lockdowns and sanctions by raising interest rates!!!
This is mindless. Higher interest rates simply add to costs and further constrain supply.
Central Banks are the bane of every country.