Are we in a recession? Maybe not officially, but there's growing concern that one's on the horizon

There's been a lot of argument lately over whether the US economy is in a recession. If you're still confused about that, you're not alone.

This much we know for sure: Gross domestic product shrank by 1.6% during the first quarter and 0.6% in the second quarter of 2022. The back-to-back quarterly declines in GDP prompted some to quickly label it a recession. Others countered that separate indicators including low unemployment, strong job growth, and increased household savings mean there is no recession.

Whether or not the US economy is in...