Recessions are often triggered by specific events:

1990: Kuwait invasion and oil shock
2000: Tech bubble burst
2007: Housing market collapse
2020: COVID-19 pandemic
What will trigger the next one?

The U.S. has experienced multiple recessions, the most recent in 2020 due to the pandemic¹. However, the U.S. is not currently in a recession². While inflation is high and monetary policy is tightening, a recession hasn't been confirmed. However, concerns remain about a potential future recession given current economic trends.

Key points to consider:

The National Bureau of Economic Research (NBER) defines a recession as a "significant decline in economic activity lasting more than six months"¹.
High inflation has led to rising interest rates and reduced consumer spending².
The Federal Reserve has responded with interest rate hikes and quantitative easing to stabilize the economy².
Economic conditions and global uncertainty raise concerns about a future recession².
Let me know if you have any further questions!

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