Are we in a recession? What two leading economic indicators can tell us. : Planet Money : NPR

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Federal Reserve Chairman Jerome Powell speaks during a news conference in Washington, D.C., July 27, 2022. - The Federal Reserve raised its benchmark interest rate by another three-quarters of a percentage point on July 27 in a continued effort to curb the massive price pressures that are weighing on American households. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)

Mandel and / AFP (Getty Images)

So are we in a recession?

After another week of tough economic news, some not-so-great data, and yet another rate hike from the Federal Reserve, this question is once again on our minds.

Today’s show takes a deep dive into two numbers that help explain the state of the economy: CPI and GDP. What do they tell us? How do they help shape our expectations? And how can they be improved?

View this paper Food Prices and Inflation ExpectationsOr this article about The impact of gender roles on economic expectations Learn more about CPI.

For more information on GDP, see Real-time inequality Website and Attached Documents. Alternatively, please go to Newsletter This story!

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