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Federal Reserve Bank of Richmond: "Business Cycles: Is the Current Economic Environment Different?"
February 25, 2026
RICHMOND, Virginia, Feb. 25 (TNSLrpt) -- The Federal Reserve Bank of Richmond issued the following economic brief (No. 26-07) in Feb. 2026 by Claudia Macaluso entitled "Business Cycles: Is the Current Economic Environment Different?".

Here are excerpts:

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The U.S. economy has been sending mixed signals for nearly three years. Unemployment rose from 3.4 percent in April 2023 to 4.4 percent in December 2025, which is a remarkably slow pace by hi . . .

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