Is it a richcession? Or a rolling recession? Or maybe no recession at all? June 29 2023 at 02:28AM

Despite concerns of an impending recession hitting the US, recent indicators suggest that it might be avoided. Despite higher borrowing costs, consumers are spending and employers are hiring. Gas prices have dropped, giving Americans more spending power. Some economists believe that the US might achieve a soft landing, with growth slowing but households and businesses spending enough to avoid a full-blown recession.