US economy in recession ?!!!

For the first time in decades, on 15 June 2022, the Fed hikes the interest rates by 0.75 percent to combat growing inflation.

The Federal Reserve is stepping up its attempts, to keep inflation under control, which is at its highest level in 40 years.

Many economists predict that the recession will begin in 2023, as the Fed attempts to combat the greatest inflation in 40 years.

According to roughly 70% of major academic economists, the US economy will enter a recession next year.

A country is considered to be in a recession if it has seen two consecutive quarters of economic downturn.

Biden says U.S. recession is "not inevitable"

The Ukraine crisis and rising inflation could push the US economy into a dip recession.

The main drivers of inflation would be geopolitical instability and rising energy costs.