Recession fears creep into corporate America as growth slows

Several U.S. companies are expecting an economic downturn by the end of 2023, prompting their top executives to make recession a key topic of discussion during quarterly earnings calls.

Inflation as indicated by the personal consumption expenditures price index, the U.S. Federal Reserve’s preferred measure, recorded its steepest increase since 1982 in June, with a 6.8% jump.