"The U.S. is not in recession," Fed's Bostick doesn't believe in recession either

Also, one of the Fed members said that there are no recession risks today, but they may self-realize in the future. That is to say, so far so good, but it could be worse from here on out.

In case you missed it, yesterday U.S. GDP fell 0.9% for the second straight quarter, which is considered a technical recession by definition.