Some U.S. central bank officials encouraged by falling commodity prices, unclogging supply chain
The prospect of slower interest rate hikes sent U.S. markets soaring
Jerome Powell has expressed hope that inflationary pressure can be relieved by employers cutting job openings, not jobs
Stronger exports and consumer spending helped restore GDP
Meeting minutes reveal concern about U.S. economy's vulnerabilities
Hiring slowed but unemployment dropped to 3.5%
The poor performance was the second consecutive quarter of economic contraction
The second straight quarter of economic contraction is an informal sign of recession
Economists believe jobs market kept economy from slipping into downturn
Even with the economy recording a second straight quarter of negative GDP, many economists do not regard it as constituting a recession