The Business Cycle Dating Committee of the National Bureau of Economic Research (NBER) has made it official: On Monday the NBER concluded the economy peaked in February and entered into recession.
That marks the end of the longest economic expansion in American history, which started in June 2009 following the end of the Great Recession. That 128 month expansion tops the previous record of 120 months between March 1991 to March 2001.
