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EXPLAINER: How will we know if the U.S. is in recession?

FILE - Traders work on the floor at the New York Stock Exchange in New York, on Aug. 10, 2022. The U.S. economy grew faster than expected in the July-September 2022 quarter, the government reported Thursday, Oct. 27, underscoring that the United States is not in a recession despite distressingly high inflation and interest rate hikes by the Federal Reserve. But the economy is hardly in the clear. (AP Photo/Seth Wenig, File) FILE - A "now hiring" sign is displayed in Northbrook, Ill., on Sept. 21, 2022. The U.S. economy grew faster than expected in the July-September 2022 quarter, the government reported Thursday, Oct. 27, 2022, underscoring that the United States is not in a recession despite distressingly high inflation and interest rate hikes by the Federal Reserve. But the economy is hardly in the clear. (AP Photo/Nam Y. Huh, File) FILE - Cash is fanned out from a wallet in North Andover, Mass., June 15, 2018. The U.S. economy grew faster than expected in the July-September 2022 quarter, the government reported Thursday, Oct. 27, 2022, underscoring that the United States is not in a recession despite distressingly high inflation and interest rate hikes by the Federal Reserve. But the economy is hardly in the clear. (AP Photo/Elise Amendola, File) FILE - Credit cards are pictured fanned out in New Orleans, on Aug. 11, 2019. The U.S. economy grew faster than expected in the July-September 2022 quarter, the government reported Thursday, Oct. 27, 2022, underscoring that the United States is not in a recession despite distressingly high inflation and interest rate hikes by the Federal Reserve. But the economy is hardly in the clear. (AP Photo/Jenny Kane, File)