Now: Is Recession Started?

Now: Is Recession Started?

Fear back in the market as the sign for recession is more obvious than ever. Greenback was down the slope after the FED as the market back to calm session with Powell statement support that the situation is back to neutral. But the calm and positive in the market end when the macro economy data on the growth show a critical update.

The figure from the Advance GDP from the US shows a contraction of 0.9% in the 3 months until June coupled with a contraction GDP for Q1 as much as 1.6%. Although the equity market ignores the news as the US main Index soar high to reach a new high in the last few weeks. US authorities also stated that these figures can’t be consider as recession signal as there so many other aspects of economy that will play the roles for the situation.