The Biden Administration will try and spin inflation in a variety of ways but the fact of the matter is that Americans are paying more for everything and cost-of-living has increased for everyone.
The traditional recession indicator is rather simple, yet broad - encompassing two consecutive quarters of negative GDP, a fact discarded by the Biden Administration - the same Administration that claimed inflation to be 'transitory' in 2022. Our Recession Tracker algorithm instead focuses on several major and minor hallmarks of an economic downturn to generate a clearer economic indicator to form a realistic 'true Consumer Price Index' (tCPI).
