New Data Show Rising Chance of U.S. Recession

A year and a half ago, in the middle of 2022 we were promised a recession by Wall Street. Imminent was the word used, and professional economists kept beating the drum that it would arrive by next Friday, whenever that was.

I’ve spent some of that time reporting that such forecasts were well out of line. I was correct. No recession appeared. None, zip, nada, whatever way you put it, apart from the economist who said there was one earlier this year but nobody noticed.