Get the best experience and stay connected to your community with our Spectrum News app. Learn More
Continue in Browser
Get hyperlocal forecasts, radar and weather alerts.
Please enter a valid zipcode.
Save
As expected, we learned this week the U.S. economy shrunk in the second financial quarter, marking consecutive quarters of negative growth in gross domestic product, or GDP, which has been the traditional definition of a recession.
But the Biden administration spent the week refusing to use that word, instead pointing strong jobs numbers and a low unemployment rate.
For more on the overall financial picture, we’re joined by financial analyst and adviser George Conboy of Brighton Securities in the Rochester area. 

Two straight quarters of negative growth is the “traditional” indicator of a recession. But the @federalreserve Chairman isn’t using that word.

Financial analyst and advisor @gtconboy has a different take.

See my full interview #Today on #YourWeekend on #SpectrumNews1 pic.twitter.com/jrpC4rYPAC

source

Lascia un commento

Il tuo indirizzo email non sarà pubblicato. I campi obbligatori sono contrassegnati *