Another economic downturn on the horizon for the U.S.?

Many Americans are questioning the financial health of the U.S. High inflation, rising interest rates, a sluggish supply chain and the war in Ukraine have created conditions for a possible recession. Yet economists say otherwise and that the economy is doing OK. Christopher Rugaber, an economics reporter for the Associated Press, explains why the economic forecast is showing a small chance of a recession. #News #Recession #Inflation CBS News Streaming Network is the premier 24/7 anchored streaming news service from CBS News and Stations, available free to everyone with access to the Internet. The CBS News Streaming Network is your destination for breaking news, live events and original reporting locally, nationally and around the globe. Launched in November 2014 as CBSN, the CBS News Streaming Network is available live in 91 countries and on 30 digital platforms and apps, as well as on CBSNews.com and Paramount+. Subscribe to the CBS News YouTube channel: Watch CBS News: Download the CBS News app: Follow CBS News on Instagram: Like CBS News on Facebook: Follow CBS News on Twitter: Subscribe to our newsletters: Try Paramount+ free: For video licensing inquiries, contact: licensing@veritone.com...(read more)

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BREAKING: Recession News
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Is the U.S. Heading for Another Recession? The U.S. economy has been growing steadily for the past several years, but recent economic indicators suggest that the country might be heading for another recession. One cause for concern is the inverted yield curve, which occurs when short-term interest rates are higher than long-term rates. This phenomenon has historically signaled an upcoming economic downturn. The last time we saw an inverted yield curve was in 2007, just before the financial crisis hit. Another concern is the declining manufacturing sector. The Institute for Supply Management's manufacturing index fell to 49.1 in August, the lowest level since January 2016. A reading below 50 indicates a contracting manufacturing sector. This decline is attributable to several factors, including the ongoing trade war with China and a global economic slowdown. The consumer sector, which has been the driving force behind economic growth in recent years, is also showing signs of weakness. Retail sales fell 0.3% in September, the first decline in seven months. This decline can be attributed to a variety of factors, including the ongoing trade war, rising tariffs, and wage stagnation. Last but not least, we must not forget the rising national debt. The U.S. federal government is currently running a massive deficit, with the national debt exceeding $22 trillion. This significant financial burden not only puts a strain on the government's finances but also limits its ability to spend and stimulate the economy during a recession. All of these economic indicators taken together are suggestive of an upcoming recession in the U.S. While it's impossible to predict exactly when a recession will hit or how severe it will be, it's important for policymakers and consumers alike to prepare themselves for the possibility. Taking steps to reduce debt, save money, and invest wisely can help weather any economic storm that may come our way in the future. https://inflationprotection.org/another-economic-downturn-on-the-horizon-for-the-u-s/?feed_id=86661&_unique_id=6434f0ab72d9a #Inflation #Retirement #GoldIRA #Wealth #Investing #business #CBSNews #default #economy #housing #inflation #interestrates #livestreaming #livevideo #loans #market #MoneyWatch #news #recession #usd #video #RecessionNews #business #CBSNews #default #economy #housing #inflation #interestrates #livestreaming #livevideo #loans #market #MoneyWatch #news #recession #usd #video