US 'More Likely Than Not' to Slide into Recession ‘Within 18 Months’ - Ex Treasury Secretary

As the Federal Reserve's inflation indicator, the Personal Consumption Expenditures (PCE) Index, grew 6.2% during the year to August, versus 6.3% in the 12 months to July, Fed Vice Chair Lael Brainard warned in late September that additional US inflationary shocks could not be ruled out.