Recessions are triggered by catalysts:

1990 → Kuwait invasion and an oil shock

2000 → Tech bubble burst

2007 → Housing bubble collapse

2020 → Pandemic

What’s it going to be this time? recession

The United States has experienced several recessions, with the most recent one occurring in 2020 due to the COVID-19 pandemic ¹. However, I'm assuming you're asking if the US is currently in a recession.

The answer is no, the US is not currently in a recession ². The US economy is experiencing a period of high inflation and monetary policy tightening, but it is not in a recession. However, there are concerns about the potential for a recession in the future due to these factors.

Here are some key points to consider:

- *The National Bureau of Economic Research (NBER) defines a recession* as "a significant decline in economic activity spread across the economy, lasting more than two quarters, which is six months" ¹.

- *The US economy is experiencing high inflation*, which has led to increased interest rates and reduced consumer spending ².

- *The Federal Reserve has taken steps* to address inflation and stabilize the economy, including raising interest rates and implementing quantitative easing measures ².

- *There are concerns about the potential for a recession* in the future due to the current economic conditions and global economic uncertainty ².

I hope that helps! Let me know if you have any other questions.