We’ve been in a recession since ‘22.
A recession is to back to back quarter GDP losses.
As for inflation, the federal fiscal fabricators no longer factor into equations energy and food spikes.
The only reason the economy seems to be treading water is because of multiple infusions of debt ridden cash. by means of quantitative easing and covid stimulus debt.
Wait until the real indicators come out in ‘24 which will reveal the REAL economic disaster that is now taking place in quarters 3 and 4 of ‘22.
There have not been negative GDP quarters since those two, which were only slightly negative. Therefore we are not in a recession since ‘22.
As for inflation, the federal fiscal fabricators no longer factor into equations energy and food spikes
Energy, and maybe food, is not part of the "core inflation" number. It is in the CPI and other inflation numbers.
The money people got for Covid is said to have run out. People are racking up record amounts of credit card debt. It will not end well. But the timing is still unclear.