ANALYSIS: Fed Survey Shows Banks Tightened Credit That Could Weigh on Economy

Over the past month, a chorus of economists and market analysts have reduced their recession odds, alluding to various data points—and Taylor Swift concerts—that prove a downturn is no longer a certainty.

The U.S. Federal Reserve in Washington, in a file photo. Getty Images

News Analysis

Federal Open Market Committee (FOMC) staff economists have eliminated their recession forecasts, Fed Chair Jerome Powell confirmed at last month’s post-FOMC policy meeting press conference.