Economist warns of recession in U.S. next year

As the Federal Reserve continues efforts to bring Inflation down, S & P Global Ratings is warning of a mild recession in 2023. Beth Ann Bovino, chief economist for S & P Global Ratings, joined John Dickerson on "Prime Time" to discuss.

#news #inflation #economy

[osvaldogallardo]

I thought we were already in reccesion

[carriepraytor]

I'm not going to worry anymore about the economy I'm sick of worring. I've got something better than the country or the world for that matter can offer me

[WembysTRexArms]

“IT'S TOUGH TO MAKE PREDICTIONS, ESPECIALLY ABOUT THE FUTURE” – Yogi Berra.

Neither NBER nor the Fed nor the the powers that be in Washington predict a recession. And of those only, two will admit we have ever been in a recession.

[JohnSmith-pshf]

Recession? We are officially in depression.

[mr_met]

Next year? We’re already in it. It will get a lot worse with Sleepy Joe

[kanegrey]

Have they tried turning it off and back on? Or like hitting it on the side? Maybe that will make it work

[tm]

we can all search YouTube. There were numerous reports at the beginning of 2022 and the end of 2021 that there would be a recession in 2022. It never happened or it was never confirmed to happen. So at the end of the day what did all those reports predicting a recession in 2022 do for informing the public? That’s the whole point right, informing the public. So what does numerous reports about a pending recession in 2022 that never happened do for the public?

[georgemaximus]

Numbers can always be cooked, and definition of a recession can always be redefined. As long as the authorities says we’re not in a recession then we’re not.

[hinatasigosson]

Make this guy shut up (Fed Chief J. Powell) and force him to give back the Multi Trillions of $$ he stole from the middle class and gave to the rich.

[jvjd]

Just keep giving billions to Ukraine forget the ppl

[rickmitchell]

Your network has zero credibility.
Focus on the weather. The actual weather, not your take on weather.
Traffic, you can do traffic!

[B]

didnt you ignore the recession we had this year?

[stefan]

Holiday spending is certainly down in certain segments of the market. Many luxury brands are doing 50% less than 2021 season, which is interesting. It’s almost as if the ultra wealthy understand what’s coming better than the average American people 😂

[glenbert]

A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k.

[malekmoqaddam]

A lot of focus on the CPI which is at 6% but the attention should be around the PPI which at 7.7%. Unit cost which reflects productivity is becoming higher..!!

[radearpurba]

I think not only U.S will stagflation or recession next year perhaps all countries in the world will stagflation or recession as well when FED and ECB are still increase their the interest rates. And perhaps next year this case will affect to people with low financial levels and middle class financial levels where their wealth will be reduced big enough. Meanwhile people with high financial perhaps their wealth will not be reduced big enough 🙏🤒😢😢. I'm sorry if my prediction is wrong because every new channels and social media always report about raising inflation and interest rates, war and climate changes 🙏😢☺️. God bless us 🙏

[teodytrinidad]

Prince Phillip was in The steps of Buses to Makati