U.S. economy shrinks for second straight quarter, enters technical recession

The U.S. economy shrank in the spring for the second consecutive quarter, entering a technical recession as rampant inflation and higher interest rates forced consumers and businesses to pull back on spending.Megan Henney for FOX Business:Gross domestic product, the broadest measure of goods and services produced across the economy, shrank by 0.9% on an annualized basis in the three-month period from April through June, the Commerce Department said in its first reading of the data on Thursday. R