Consumers Are Doing Great. Businesses Are Cautious. Who’s Right About the Future?
Forecasting is tricky when important economic indicators are pointing in different directions.
for including this caveat in today's story. No, I don't think we're in a recession. But it's almost certain that whenever we *do* enter one, we won't know it for several months.
reported that consumption spending rose 0.4% in May (w/ a 0.5% rise in personal income). But American businesses are more pessimistic, pointing to softer growth ahead, or even contraction.
’s R. Curtin joins the conversation.