The new inflation figure was down sharply from a 4% annual rate in May, though still above the Fed’s 2% target rate.
  • kbotc@lemmy.worldEnglish
    33·
    1 year ago

    The economy did enter a recession, but the administration refused to call it one as there were not broad layoffs and unemployment remained low. Artifacts of COVID reducing the US workforce by 2.6% (Deaths + people deciding it was a great time to retire)