Strong inflation, anxious consumers add up to more worries that recession has already arrived

Strong inflation, anxious consumers add up to more worries that recession has already arrived

• Reports Friday showing blistering inflation and historic lows in consumer sentiment painted an increasingly dark economic picture.
• A strong labor market has been the principal firewall against a downturn, but even that has shown some chinks lately.
• “We’re in technical recession but just don’t realize it,” said Bank of America chief investment strategist Michael Hartnett.

https://www.cnbc.com/2022/06/10/inflation-consumer-woe-add-to-worries-that-recession-is-already-here.html