This could alter the next Federal Reserve interest rate move. The Commerce Department is reporting mild growth:

“The Commerce Department said on Wednesday that gross domestic product or GDP expanded at a 0.6 percent annual rate in the first quarter, matching the fourth quarter’s advance and handily topping a forecast for 0.2 percent growth in an advance poll of economists by Reuters.”

In addition, there are indication of shrinking housing inventories. All indications that recession talk may be more driven by perception and media versus consumer behavior. This is the tenuous tipping point, which could swing quickly for the good or the bad.
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