Flash Report /
United States of AmericaUS falls into technical recession
US GDP growth slumped to -0.9% qoq (ar) in Q2, much lower than the Bloomberg consensus expectation of +0.4%
The big story is that the US has fallen into recession, at least under the technical definition
We think this won't change Fed policy while inflation is still too high, but it may pivot if a real recession draws near
Stuart Culverhouse
Chief Economist & Head of Fixed Income Research @ Tellimer Research
29 July 2022
Published byTellimer Research
