Is the United States heading toward a recession?
This has been the looming question on the minds of Americans since inflation topped at 8.5% in March, matched with other indicators such as rising interest rates and the bond market's inverted yield curve.
Top economists are split on the inevitability of a recession. FormerGoldman Sachs Group Inc(NYSE:GS) CEOLloyd Blankfeinsaid over the weekend, "It's certainly a very, very high-risk factor," but believes that the Fed is responding well to the risk.
Moody's Corporation(NYSE:MCO) chief economistMark Zandi predicted a 35% probability that America...
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