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NJ Spotlight News | Business Report: Fears of recession | Season 2022

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Majority of CEOs expect the economy will experience a short, mild recession
The PBS NewsHour Business Report discusses several key economic issues. It highlights the Federal Reserve's decision to raise interest rates by a quarter percentage point, aiming to combat inflation while trying to avoid a recession. The report also covers the ongoing debate over the U.S. debt ceiling, with warnings from Treasury Secretary Janet Yellen about the potential economic consequences of failing to raise it. Additionally, the segment touches on the labor market, noting a slight increase in unemployment claims but still robust job growth. Finally, it mentions the impact of recent bank failures on the financial sector and the measures being taken to stabilize the situation.

Read the Full PBS Article at:
[ https://www.pbs.org/video/business-report-1652903631/ ]