Dow Jumps 300 Points Despite U.S. GDP Shrinking For A Second Quarter In A Row—But Experts Say No Recession Yet

Topline The stock market moved higher on Thursday despite U.S. economic growth contracting for the second quarter in a row, a significant recession indicator which spooked markets—though most experts argue that the economy is yet to fall into a true recession thanks to solid job growth and consumer spending. Investors are unsure what to make…

Federal Reserve Prepares More Big Rate Hikes Amid Risk That High Inflation Could ‘Become Entrenched’

Topline Federal Reserve officials reaffirmed their commitment to fighting inflation with big rate hikes and pledged to use “more restrictive policy” as needed, especially amid “significant risk” that high consumer prices could become “entrenched” for longer, according to the minutes from the central bank’s latest policy meeting. Fed officials could raise rates by 50 or…