second quarter GDP numbers just released,

and they do show another contraction

for a second consecutive quarter,

which could signal the US economy is in recession.

This comes after the Federal Reserve raised interest rates

again yesterday with the Fed chair saying

the path to avoiding recession as, quote, narrowed.

Let's bring in NBC News, senior business analyst

and host of the 11th hour on MSNBC Stephanie Rule,

Jonathan Lamir, Mike Barnacle, Cady K,

all still with us as well.

Staff good to see you.

So let's dig into this.

Janet Yellen, Jerome Powell, others have said,

this is not what an economy and recession looks like

with low unemployment, plenty of jobs available to people.

But yes, inflation at 40 year high.

And now by some definitions, as you know better than most,

this does show this new number on the GDP

that the economy is in a recession.

So what's the word?

It's a very, very complicated situation.

...