Investing
Is the US in a Recession Yet? What You Need To Know and How To Prepare
Economic growth slowed for the second straight quarter, raising the likelihood of a recession.
Southland Center mall in Taylor, Michigan, US.
Photographer: Emily Elconin/BloombergThis article is for subscribers only.
The dreaded R word is looming over Americans as the economy contracts and the Federal Reserve raises rates.
Gross domestic product declined unexpectedly for the second straight quarter, increasing the odds of a recession this year. The data came one day after the Fed announced a jumbo interest rate hike for the second month in a row.