Why the U.S. Remains Far From Recession

[andhra_jp]

Payrolls grew by a surprisingly large 339,000 in May, and the increases for the preceding two months were higher than initially estimated, the Labor Department said Friday.
 
“I don’t think there’s any chance we’re in a recession,” said Justin Wolfers, professor of public policy and economics at the University of Michigan.

Economy’s resilience complicates Fed rate outlook

Economic activity and inflation haven’t slowed as much as Fed officials anticipated. Since March 2022, they have lifted the benchmark federal-funds rate from near zero to a range between 5% and 5.25%, a 16-year high.

There are some signs higher rates are having an effect. Businesses slowed investment in the first quarter, cutting back on equipment spending particularly sharply.

Many economists and business executives say it is just a matter of time before interest-rate increases—which work with a lag—significantly sap the economy’s vigor.

https://www.wsj.com/articles/why-the-u-s-remains-far-from-recession-5d07fe49?mod=economy_lead_story

[Netflixmovieguz]

Corporates accumulated lot of cash with dump and pump stocks. Corporates can afford more taxes now than ever. 

[krishna556]

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