Powell at Jackson Hole: Economy’s Solid Growth Could Require Additional Fed Hikes to Fight InflationPowell at Jackson Hole: Economy’s Solid Growth Could Require Additional Fed Hikes to Fight InflationPowell noted that the economy has been growing faster than expected this year and that consumers have kept spending briskly.Associated PressAssociated Press
EXPLAINER: How will we know if the U.S. is in recession?EXPLAINER: How will we know if the U.S. is in recession?The U.S. economy grew faster than expected in the July-September quarter, underscoring that the United States is not in a recession despite distressingly high inflation and interest rate hikes by the Federal Reserve. Associated PressAssociated Press