Why's It So Hard To Predict A Recession?
Big Take
00:00
Is the US in a Recession?
Some economists say, even though we haven't been officially declared to be in a recession, they kind of think we may already be in one now that we'll only find out later. And you've seen cases going back to the financial crisis in which actually the recession then was started much earlier than the data initially showed. The feeling is that if the US isn't in a recession now, it might soon be based on the forecast,. Based on the huge amount of interest rate hikes that the Fed has delivered in the past year.
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