Is it a 'richcession'? Or a 'rolling recession"? Or maybe no recession at all?

The warnings have been sounded for more than a year: A recession is going to hit. If not this quarter, then by next quarter. Or the quarter after that. Or maybe next year. So is a recession still in sight?

So is a recession still in sight?

The latest signs suggest maybe not. Despite much higher borrowing costs, thanks to the Federal Reserve’s aggressive streak of interest rate hikes, consumers keep spending, and employers keep hiring. Gas prices have dropped, and grocery prices have leveled off, giving Americans more spending power.

The economy keeps managing to grow. And so does the belief among some economists that the United States might actually achieve an elusive “soft landing,” in which growth slows but households and businesses spend enough to avoid a full-blown recession.