J.D. DURKIN: The minutes also noted, Sam, that some members see a risk of recession as elevated. And so I'd now like to ask you, what has become the new go to question, do you see a soft landing ...

If this continues, it makes a recession almost inevitable ... to track a broad array of indicators to gain a more complete picture of the U.S. economy and where it’s headed.

Was that it then? Only a few weeks after we learnt that the UK had slipped into a recession, today we learnt that we may already be out of it. It's still too early to be sure - after all, the ...