The Commerce Department’s first reading on the second quarter showed a drop of 0.9, meaning a second-straight quarter of negative growth.
Cow Guy Close host Scott Shellady invited Mitch Roschelle, founding partner of Macro Trends Advisors, to give his take on whether the United States is indeed in a recession. Mitch mentioned the dreaded “S” word-- stagflation.
Related:
Consumer sentiment wanes as recession looms
Scott Shellady talks about the ever-evolving definition of “recession”
What’s next after the Fed’s fourth rate hike of the year?
