Federal Reserve Chair Jerome Powell speaks during a news conference after the Fed's meeting on Nov. 2, 2022, in Washington, D.C. The Fed raised interest rates by a quarter percentage point on Wednesday, its smallest increase in 11 months. Mandel Ngan/AFP via Getty Images hide caption
Women carry shopping bags as customers visit the American Mall dream mall during Black Friday on Nov. 25, 2022 in East Rutherford, N.J. The U.S. economy ended 2022 on a strong note, but fears of a recession are growing. Kena Betancur/Getty Images hide caption
People shop at Walmart on Black Friday 2022 in Dunwoody, Ga. Jessica McGowan/Getty Images hide caption
Traders work on the floor of the New York Stock Exchange during the opening bell in New York City on Jan. 18, 2023. Survey after survey shows economists and CEOs expect a recession, but there's no certainty of what an economic contraction would look like – or if the U.S. economy will suffer one at all. Angela Weiss/AFP via Getty Images hide caption
A Target customer looks at a display of board games while shopping at Target store in San Francisco, Calif. Inflation continues to ease, even if many people many not feel that way in their daily lives. Justin Sullivan/Getty Images hide caption
A worker rides an overloaded tricycle carrying bags of onions in Manila, Philippines on Sept. 23, 2015. Aaron Favila/AP hide caption
This illustration picture shows debit and credit cards arranged on a desk on April 6, 2020 in Arlington, Va. Americans are using their credit cards more to pay for everyday expenses at a time when interest rates are rising. Olivier Douliery/AFP via Getty Images hide caption
FTX founder Sam Bankman-Fried leaves Manhattan Federal Court after his first court appearance in New York. Federal prosecutors have charged him with criminal fraud. Michael M. Santiago/Getty Images hide caption
Alysa MacClellan, 47, prepares to send volunteers to their designated drop offs at a food distribution site in Washington, D.C. Mary Yang/NPR hide caption
French hen prices fluttered up 25% this year, thanks in part to costly bird feed and the growing popularity of backyard farming. Bloodlinewolf/Getty Images hide caption
Price tags are displayed at a New York City supermarket on Dec. 14. Inflation has eased recently, but more evidence is needed to show that price increases are coming down in the long term, Fed Chair Powell said Wednesday. YUKI IWAMURA/AFP via Getty Images hide caption
Chair of the U.S. Federal Reserve Jerome Powell speaks at the Brookings Institution, November 30, 2022 in Washington, DC. Drew Angerer/Getty Images hide caption
Consumers shop in the produce section of a Walmart store in Burbank, Calif., on August 15, 2022. Produce prices have been rising recently, the latest area hit by inflation. Robyn Beck/AFP via Getty Images hide caption
A builder sands the body of a guitar at the Fender factory, in Corona, California, on October 6, 2022. Industries sensitive to rising interest rates have been slowing hiring. VALERIE MACON/AFP via Getty Images hide caption
Shoppers walk the aisles of Walmart for Black Friday deals in Dunwoody, Georgia. Walmart opened at 6am on Black Friday for shoppers. Jessica McGowan/Getty Images hide caption
The empty assembly line at the Duralex glassware factory in Orléans, France, on Nov. 15. Eleanor Beardsley/NPR hide caption
Banners promote Small Business Saturday in West Reading, Pa. on Nov. 25, 2017. Jeremy Drey/MediaNews Group/Reading Eagle/Getty Images hide caption
