Numbers Matter Shorts: Stock market slump sparks recession worries: What the data says

Recession worries are back as the stock market dips and unemployment edges up, but Plastics News economist Bill Wood says there’s no solid proof of a downturn just yet. The Federal Reserve hasn’t changed its high interest rates, which has people concerned, but some key numbers look steady. The economy grew 2.8 percent in the second quarter, and consumer spending is holding strong, with a nice balance between goods and services.