Given the level of uncertainty with the economy, labor market, and inflation, some economists have started talking about the possibility of a recession or even “stagflation.”

The economy has been in sharp focus in recent weeks because of three reasons: substantial downward revisions to jobs data indicate that the labor market is weakening, inflation is still too high, and the Federal Reserve is poised to cut interest rates for the first time during President Donald Trump’s second term.

Recommended Stories

Inflation ticked up slightly to 3.5% in August in Fed’s preferred gauge

GDP growth rate revised down slightly to still-strong 3.2% for fourth quarter of 2023

GDP revised up to 3.1% in third quarter, final estimate shows