The National Desk says in a report that consumer sentiment information will be released today, which will indicate how Americans feel about the state of the economy and a potential recession. The federal reserve will meet tomorrow to discuss a possible jump of .75% in interest rate hikes after a bad June inflation report. Tomorrow the commerce department will release economic figures for the 2nd quarter of the year, with a probable contracted figure for a second straight month, a strong indicator of a recession. The 1st quarter of the year, the nations economy shrank 1.66%. The white house plans to counter this information by touting low unemployment, strong consumer spending and a strong labor market, and telling the American public that there is no recession.
