Was today a recession?
Checking
NO
No — the US economy is expanding, with third-quarter GDP tracking about 3.5% annualized growth.
Why
- Atlanta Fed GDPNow: Q3 growth tracking +3.5% annualized
- Goldman Sachs: 20% odds of US recession in next 12 months
- Economists' October survey puts 12-month recession odds at 29%