Washington CNN Business — Amazon founder Jeff Bezos recently warned consumers and businesses they should consider postponing large purchases in the coming months as the global economy contends with a downturn and faces a possible recession. The business leader offered his starkest advice yet on a faltering economy in an […]
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U.S. Forecast: Pasta Bowl Recession Should Help Squash Inflation
U.S. consumers powered the recovery following the pandemic but high gasoline and energy prices and food and housing costs have eroded their purchasing power and triggered the Pasta Bowl Recession, says Sean Snaith, national economist and director of UCF’s Institute for Economic Forecasting, in his latest U.S. Economic Forecast. “The […]