Economy

Despite two quarters of GDP decline, the U.S. is not currently in a recession, says the official arbiter of such things, the NBER's Business Cycle Dating Committee.

Practical steps to prepare your organization for whatever economic conditions are around the corner.

As interest rates rise, market watchers expect a string of bankruptcies among non-bank mortgage lenders.

Still, manufacturing has moderated and risks further loss of momentum as businesses contend with an inventory overhang and an easing in domestic demand for goods.

Fed Governor Christopher Waller believes the central bank can control inflation without inflicting a "painful" spike in unemployment. Others say his analysis "contains misleading conclusions, errors, and factual mistakes."

"We've got a very strong labor market," Treasury Secretary Janet Yellen said. "This is not an economy that's in recession."