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US Economic Indicators Get Hard to Decipher as Recession Risks Grow

  • Inflation, higher rates interrupt cadence of pandemic recovery
  • Interpretations can vary on employment, vacancies and sales
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Powell Says US Recession Is 'Certainly a Possibility'

Until recently, determining the cadence of the US economy and job market was relatively straight-forward as the nation transitioned to the pandemic recovery. Now the task for economists has given way to growing uncertainty as inflation sits at a four-decade high, borrowing costs climb and the backbeat of recession grows louder. 

“There’s a lot of ambiguity right now in the economy and it’s hard to understand and parse what’s going on -- never mind trying to understand what’s going to happen over the next few months,” said Nick Bunker, economic research director at jobs website Indeed Inc.