U.S. Economy high now---recession is unlikely.
Vince Golle & Reade Pickert 23, Vince is a Bachelor of Arts (BA) Journalism, and Pickert is a Bachelor of Arts (B.A.) Economics and International Relations, 6-27-2023, “Surprisingly Strong U.S. Economic Data Keeps Recession Fears at Bay,” https://www.treasuryandrisk.com/2023/06/27/surprisingly-strong-u-s-economic-data-keeps-recession-fears-at-bay/, KPR
A flurry of data showed surprising strength in several corners of the U.S. economy, painting a picture of resilience and further delaying any likelihood of recession.
Purchases of new homes climbed at the fastest annual rate in more than a year, durable goods orders topped estimates, and consumer confidence reached the highest level since the start of 2022, according to the Tuesday reports. Another release showed that housing prices in the United States rose for a third-straight month.