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News Articles: Recession

Federal Reserve Board Chairman Jerome Powell.

Tagged as: 

  • Economy

The Fed's mission improbable: Beating inflation without causing a recession

Inflation is sky high. The Federal Reserve wants to bring it back to earth without crashing the economy. But achieving a so-called "soft landing" and avoiding a recession is easier said than done.

July 24, 2022
|
By:
  • Scott Horsley
Fewer jobs were added in June, but the labor market is still tight. A man walks past a "now hiring" sign posted outside of a restaurant in Arlington, Va., last month.

Tagged as: 

  • Economy

Hiring slipped only slightly in June, with no sign of a looming recession

U.S. employers added 372,000 jobs in June, while the unemployment rate held steady at 3.6%. Despite slightly slower job growth, the labor market remains an economic bright spot.

July 08, 2022
|
By:
  • Scott Horsley
Lynn Martin started as the new CEO of the New York Stock Exchange in January.

Tagged as: 

  • Business

From blockbuster to bust: Behind the precipitous drop in IPOs

Private companies are sitting on the sidelines in 2022 after a record setting year of initial public offerings fueled by cheap borrowing.

July 06, 2022
|
By:
  • David Gura
Traders work on the floor of the New York Stock Exchange.

Tagged as: 

  • Business

It's been a vicious 6 months for stocks. Here's what the grim markets are signaling

All that whipsawing on Wall Street in the first half of the year reflects real nervousness. Investors are worried the Fed may tip the economy into a recession.

June 30, 2022
|
By:
  • David Gura
President Joe Biden speaks during an interview with The Associated Press in the Oval Office of the White House on Thursday, June 16, 2022.

Tagged as: 

  • Politics

Despite warnings from economists, Biden says a recession is not inevitable

In an interview Thursday with The Associated Press, the president says the American people are "really, really down" after two years of pandemic, volatility in the economy and surging gas prices.

June 16, 2022
|
By:
  • The Associated Press
President Joe Biden speaks during an interview with The Associated Press in the Oval Office of the White House on Thursday, June 16, 2022.

Tagged as: 

  • Politics

Despite warnings from economists, Biden says a recession is not inevitable

In an interview Thursday with The Associated Press, the president says the American people are "really, really down" after two years of pandemic, volatility in the economy and surging gas prices.

June 16, 2022
|
By:
  • The Associated Press
(L) Tesla CEO Elon Musk; (R) JPMorgan Chase CEO Jamie Dimon

Tagged as: 

  • Business

Why some of the country's top CEOs fear a recession is coming

The Fed will continue raising interest rates this week as inflation continues to soar. Some CEOs worry the fight to bring prices under control could end up sparking an economic downturn.

June 14, 2022
|
By:
  • David Gura

Tagged as: 

  • Economy

Fear The Vibe Shift: Are We Entering A Recession?

Despite low unemployment, solid spending, and continued job growth, signs are flashing that the U.S. economy is headed for another downturn.

May 31, 2022
|
By:
  • Greg Rosalsky
Employers are boosting wages to recruit workers as staffing shortages continue to linger. That's raising the prospect of continued high inflation and aggressive interest rate hikes from the Federal Reserve.

Tagged as: 

  • Economy

Why there are growing fears the U.S. is headed to a recession

With inflation at a four-decade high, a growing number of forecasters worry the U.S. economy may be headed to a recession as the Fed gears up to raise interest rates aggressively.

April 13, 2022
|
By:
  • Scott Horsley
Shoppers at the checkout of the B Turner's Sock Shoppe in Macon in November. The annual economic forecast from the Terry College of Business says Georgia can climb out of the COVID-19 recession with consistent consumer spending and if it avoids more COVID-19 setbacks.

Tagged as: 

  • Economy

COVID-19 Recession Over In Georgia — If The Pieces Fall In Place

The COVID-19 recession in Georgia is over.

That’s the central claim, at least, of the annual economic forecast from the University of Georgia’s Terry College of Business.

December 03, 2020
|
By:
  • Grant Blankenship
A member of Single Moms Connect lots groceries in the back of a recipient's car. According to the group Feeding American, just under half of the people accessing food aid during the COVID-19 recession are doing so for the first time in their lives.

Tagged as: 

  • Food

In The Pandemic, Food Insecurity Soars While Food Bank Volunteers Stay Home

The COVID-19 pandemic may have doubled the demand for charity food aid in the United States. At the same time, the pandemic is drying up the pool of volunteer labor that keeps food aid running.

November 21, 2020
|
By:
  • Grant Blankenship
Signs in the window of a retail store offers discounts, and jobs, in Santa Monica, Calif. U.S. GDP grew at a record-setting rate, reflecting pent-up activity after the coronavirus lockdowns, but economists warn of trouble ahead.

Tagged as: 

  • Economy

U.S. Economy Grows At Record Pace But Still Has A Long Way To Go

U.S. GDP grew at a record 33.1% annualized pace in the third quarter, erasing some but not all of the damage done by the coronavirus recession.

October 29, 2020
|
By:
  • Scott Horsley
A store advertises discounts in Santa Monica, Calif., on July 28 amid the coronavirus pandemic. Economic growth data on Thursday are expected to show a record-setting figure for the third quarter, but that covers the more worrisome picture underneath the surface.

Tagged as: 

  • Economy

Last Report Card On U.S. Economy Before Elections Will Be A Blockbuster

The U.S. is expected to report record-setting economic growth in the most recent quarter. But that won't repair all of the damage done during the spectacular downturn three months earlier.

October 28, 2020
|
By:
  • Scott Horsley
Macon Marriott City Center

Tagged as: 

  • News

Macon Hospitality Industry Could Take Years To Recover Following COVID-19 Recession

COVID-19 lockdowns decimated the travel industry and there is little hope it will bounce back any time soon. Visit Macon, the local convention and visitors bureau, is seeing some signs of recovery but it is clear it will take time to reach the level of business enjoyed before the pandemic.

September 25, 2020
|
By:
  • Liz Fabian

On Second Thought For Wednesday, May 16, 2018

Atlanta’s Donald Glover has found a new level of success. He’s an actor, the creator of a hit show named after his hometown of Atlanta, and a rapper...

May 16, 2018
|
By:
  • Leah Fleming ,
  • Sean Powers ,
  • and 5 more

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