'Reining in corporate greed is the key to bringing down costs for families and kickstarting economic growth,' said KyleHerrig of Accountable_US, urging Congress to pass the Inflation Reduction Act.
"Reining in corporate greed is the key to bringing down costs for families and kickstarting economic growth."
"That's part of why NBER doesn't rely on advance GDP to call recessions," Furman added, referring to the National Bureau of Economic Research.that"there's this perception, and people are not wrong to have it—it's probably even in my economics textbook from college—that it's two negative quarters of GDP that NBER uses to determine if there's a recession. That's actually not completely true.
The Fed has been raising interest rates ostensibly out of concern that the economy was growing too fast, causing inflation. This report should help to stem those fears. While people are apparently not so concerned about a recession to keep themselves from taking trips and going to restaurants, they are still not spending down their pandemic savings.
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