Economy - Finance > Finance

How to recession-proof your life amid economic uncertainty

12 days ago   |   By Chron

NEW YORK - Prices for gas, food and rent are soaring. The Federal Reserve has raised interest rates to the highest level since 2018. The U.S. economy has shrunk for two straight quarters.
Economists are divided over whether a recession is looming. What's clear is that economic uncertainty isn't going away anytime soon. But there are steps you can take now to be ready for whatever is ahead.
Yiming Ma, an assistant professor at Columbia University, says it's not a question of if but when a recession will happen. People should prepare but not panic, she said.
If you think a recession could...
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Is my job recession proof? Low unemployment is a saving grace, but some industries are safer bets

12 days ago   |   By Fast Company

During the Great Recession, more than a decade ago, roughly 9 million Americans lost their jobs. The good news is, we're still far from that point.
The latest GDP figures show that the U.S. economy contracted 0.9% during Q2 of 2022, marking the second-straight quarter of negative economic growth. By many definitions, that means the American economy is in a recession-though there are other factors at play, and nothing's official until the National Bureau of Economic Research says so.
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With 2 consecutive quarters of negative growth, is the U.S. in a recession?

12 days ago   |   By NPR

NPR's Leila Fadel talks to Raphael Bostic, president of the Federal Reserve Bank of Atlanta, about whether the U.S. is in a recession, and how people are being affected by inflation.
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