Top Wall Street Economist Delivers Grim Prediction On Future Recession
Top Wall Street Economist Delivers Grim Prediction On Future Recession Harold Hutchison on February 15, 2024 Andrew Hollenhorst, chief U.S. economist at Citi, predicted on CNBC Thursday that the American economy is…
Fitch no longer expects a US recession, forecasts three rate cuts
NEW YORK (Reuters) – Credit rating agency Fitch no longer forecasts a U.S. recession this year due to several signs of strength in the economy, Fitch Ratings’ Chief Economist Brian Coulton said…
Too early to declare victory over inflation or recession, PIMCO says
By Davide Barbuscia NEW YORK (Reuters) – U.S. bond manager PIMCO said on Tuesday it was too early to declare victory over inflation and that recession risks persist, despite market expectations for…
Marketmind: Markets freeze for jobless recession gauge
A look at the day ahead in U.S. and global markets from Mike Dolan With investors trying to read recessionary warnings from softening U.S. labor market signals all week, the outsize importance…
Analysis-Market bets for 2024 thrown into chaos by US recession conundrum
By Naomi Rovnick LONDON (Reuters) – Investment banks and asset managers have wildly varying stock market and currency calls for 2024, reflecting deep division over whether the U.S. economy will enter a…
ECB to cut rates in Q2, earlier than thought; winter recession seen shallow- Reuters poll
By Prerana Bhat BENGALURU (Reuters) – The European Central Bank will cut interest rates in the second quarter of next year, earlier than previously thought, according to a slim majority of economists…
Fall in euro zone Nov business activity adds to recession expectations -PMI
LONDON (Reuters) – The downturn in euro zone business activity eased last month but still indicates the bloc’s economy will contract again this quarter as the dominant services industry continues to struggle…
Markets pin hopes on soft landing, with one eye on recession risk
By Yoruk Bahceli, Dhara Ranasinghe and Naomi Rovnick (Reuters) – A stellar rally in equities and bonds suggests market confidence is high for the world economy to reach a soft landing after…
Overly cautious Fed could lead to mild US recession next year -Vanguard
By Davide Barbuscia NEW YORK (Reuters) – The Federal Reserve will likely hesitate to cut interest rates next year for fears of a rebound in inflation, but by keeping interest rates high…
Swedish economy in recession as Q3 GDP shrinks more than expected
By Johan Ahlander STOCKHOLM (Reuters) – Sweden’s economy entered recession in the third quarter, which contracted 0.3% from the previous one, as higher interest rates hit consumer spending and investments. “GDP decreased…
US recession will prompt 175 basis points in Fed cuts next year, DB economists say
By Lewis Krauskopf NEW YORK (Reuters) – The Federal Reserve will cut rates more aggressively than markets are currently pricing in as a mild U.S. recession arrives in the first half of…
European shares set to rise in 2024 as central banks turn dovish, recession worries weigh- Reuters poll
By Samuel Indyk and Danilo Masoni LONDON (Reuters) – European equity markets are forecast to eke out a modest rise in 2024, a Reuters poll found, as optimism that global interest rates…
Peru cuts interest rate again as prices ease but recession lingers
By Marco Aquino LIMA (Reuters) – Peru’s central bank again lowered its benchmark interest rate by 25 basis points to 7.00% on Thursday, as the monetary authority in the Andean nation continues…
US business activity ticks up while euro zone gauge fans recession fears
By Dan Burns and Jonathan Cable WASHINGTON/LONDON (Reuters) – U.S. business activity ticked higher in October while output in the euro zone took a surprise turn for the worse, surveys showed on…
Fed’s Bostic sees no more U.S. rate hikes, no recession
By Ann Saphir (Reuters) – Atlanta Federal Reserve Bank President Raphael Bostic on Tuesday said the U.S. central bank need not raise borrowing costs any further, and sees no recession ahead even…
UK recession risk deepens but consumers stay unfazed
By Andy Bruce and William Schomberg LONDON (Reuters) -Britain’s economy displayed clear recession signals on Friday, a day after the Bank of England called a halt to its long run of interest…
Recession risk “coin flip” over the next year – PIMCO
By Dhara Ranasinghe and Chiara Elisei LONDON (Reuters) – The risk of a global recession over the next 12 to 18 months is close to a “coin flip” and financial markets are…
EU Commission cuts euro zone growth forecast as Germany in recession
By Jan Strupczewski BRUSSELS (Reuters) – The euro zone economy will grow slower than previously expected this year and next, the European Commission forecast on Monday as consumer demand suffers from high…
Possible Fed overtightening makes recession more likely than not, Deutsche Bank says
NEW YORK (Reuters) – Despite recent optimism around the U.S. economy, a recession remains a more likely scenario than a so-called “soft landing” as the Federal Reserve seeks to curb inflation by…
Australia hurt by inflation but unlikely to enter recession – NAB CEO
SYDNEY (Reuters) – Australian inflation over the past year-and-a-half was the worst in three decades but the country is still unlikely to experience a recession, the head of the country’s third-largest retail…
Majority of small businesses believe US is in recession
By Safiyah Riddle (Reuters) – More than half of U.S. small business owners believe the economy is already in a recession, marking a slight decrease between July and April, despite most firms…
Dutch economy enters recession as inflation bites
AMSTERDAM (Reuters) – The Dutch economy has entered a recession as it shrank 0.3% on a quarterly basis in the second quarter, a first estimate published by Statistics Netherlands on Wednesday showed.…
JPMorgan raises US economic growth estimate, no longer expects 2023 recession
(Reuters) – JPMorgan’s chief economist said on Friday the bank is no longer forecasting a U.S. recession this year and has raised its economic growth estimate as the economy expands at a…
Peru economy shrinks for two straight quarters, minister denies recession
(Reuters) – Peru’s finance minister said on Tuesday that preliminary data showed the country’s economy shrank in June, marking two consecutive quarters of contraction, which is a common definition for a recession.…
No technical recession in euro zone as Eurostat revises up Q1 GDP
BRUSSELS (Reuters) – Euro zone gross domestic product was flat in the first three months of this year against the previous quarter, the EU’s statistics agency Eurostat said on Thursday, revising a…
Healthy US consumers shrug off recession concerns, for now
By Nupur Anand NEW YORK (Reuters) – U.S. consumers are still keeping up with their loan payments despite rising costs and a worsening economic outlook, according to executives at the largest U.S.…
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