Are We in a Recession? It’s Complicated.
Yesterday, government data showed that the economy shrank for the second quarter in a row, a common definition of a recession. The WSJ's Jon Hilsenrath explains why that doesn't mean the U.S. is in one and looks at what needs to change before he starts using the "R" word. Further reading: - Inventory Swing Is a Key Culprit Behind U.S. Recession Talk - People Have Money but Feel Glum-What Does that Mean for the Economy? Learn more about your ad choices. Visit megaphone.fm/adchoices