NEW YORK (AP) — Stocks are tumbling on Wall Street Friday as dispiriting evidence keeps piling up to show inflation isn’t cooling as quickly as hoped. The S&P 500 was 1.6% lower in morning trading and on track for its worst week since early December.

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Understanding Recessions

August 17, 2023
When the economy takes a downturn, it enters a phase known as a recession. A recession is a significant decline in economic activity that lasts for a sustained period.