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Recession 101 (Part 1): What is a recession?
Rising inflation, aggressive Federal Reserve rate hikes, and back-to-back quarterly declines in real gross domestic product have given rise to fears that the U.S. economy could soon enter into its first recession since the outset of the pandemic in 2020. (*) What is a recession and how do we know if we're in one? (*) How often do recessions occur and how long can they last? (*) How are jobs and prices generally impacted by a recession? (*) How have financial markets performed during past recessions? NFM-20130AO.45
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