U.S. recession “more likely than not”, same for Europe – PIMCO
(Reuters) – A U.S. recession over the next 12 months is “probably more likely than not”, PIMCO’s global chief investment officer for fixed income Andrew Balls said on Thursday. Balls,…
(Reuters) – A U.S. recession over the next 12 months is “probably more likely than not”, PIMCO’s global chief investment officer for fixed income Andrew Balls said on Thursday. Balls,…
By Balazs Koranyi and Francesco Canepa SINTRA, Portugal – European Central Bank policymakers put on a brave face at their annual gathering in the hills above the Portuguese capital and…
By Jamie McGeever ORLANDO, Fla. – Buy and hold, maximum long. That has basically been the strategy for commodity hedge funds for the last couple of years, but it is…
Russia’s Financial System Is Booming While The US Faces A Recession Micaela Burrow on June 27, 2022 Russia’s financial system is booming in spite of strict sanctions, according to the…
WASHINGTON – If the United States does fall into a recession, it would likely be “relatively short,” with only modest increases in unemployment, and may look like U.S. downturns in…
By Dhara Ranasinghe, Sujata Rao and Yoruk Bahceli LONDON – The fastest rate-hiking cycle in decades and inflation nearing double-digits has got investors scouring market moves and data to gauge…
BERLIN – Angst is growing in the German economy, Europe’s largest, but as yet there are no signs of recession, Ifo economist Klaus Wohlrabe told Reuters on Friday. The threat…
SHEFFIELD: The People That Botched Inflation Now Want You To Believe They Can Avoid Recession. Fat Chance! Carrie Sheffield on June 22, 2022 Federal Reserve Chairman Jerome Powell — who…
By Davide Barbuscia NEW YORK – Central banks’ focus on fighting persistently high inflation could lead to a recession over the next two years and raise the risk of ‘financial…
By Saqib Iqbal Ahmed NEW YORK – The Federal Reserve’s aggressive monetary policy tilt has prompted some of Wall Street’s biggest banks to ramp up forecasts for a U.S. recession,…
(Reuters) – President Joe Biden said a recession is “not inevitable” and he is confident the United States can overcome inflation, the Associated Press reported on Thursday. “First of all,…
By Lewis Krauskopf NEW YORK – The bear market in U.S. stocks could be a prelude to even tougher times to come: a market swoon has often come hand-in-hand with…
Larry Summers Puts Janet Yellen On Blast For Dismissing Recession Fears Harold Hutchison on June 13, 2022 Former Treasury Secretary Larry Summers criticized Treasury Secretary Janet Yellen on CNN Sunday…
NEW YORK – Morgan Stanley Chief Executive Officer James Gorman said on Monday that he thinks there is a roughly 50% chance that the U.S. economy will enter a recession,…
FRANKFURT – The euro zone will avoid a recession this year and growth will accelerate noticeably after bottoming out in the second quarter, a key European Central Bank survey showed…
By David Milliken LONDON – Britain’s economy faces stagnation next year and could easily fall into recession, the Confederation of British Industry (CBI) warned on Monday after it slashed its…
By Valentina Consiglio and Gavin Jones ROME -Italian industrial output was much stronger than expected in April, rising 1.6% from the month before after a 0.2% gain in March, data…
By Julie Gordon and Fergal Smith OTTAWA – Canada’s central bank has signaled plans to race ahead with a series of oversized hikes to curb inflation, upping the risk of…
By Divya Chowdhury MUMBAI – Standard Chartered Chief Executive Bill Winters expects central banks’ fight against surging inflation, driven by structural cost pressures such as wage growth, to result in…
‘Recession Will Be Hard To Avoid’: World Bank Issues Dire Economic Warning, Hints At 1970s-Era Stagflation Thomas Catenacci on June 7, 2022 The World Bank cut its global growth forecast…
By Jamie McGeever ORLANDO, Fla. – U.S. Treasury Secretary Janet Yellen this week issued a ‘mea culpa’ on getting it wrong on inflation. If the economy tips into recession in…
DEL VILLAR: A Recession Would Spell Even More Bad News For Biden’s Off The Rails Presidency Clara Del Villar on May 31, 2022 The economic news for the Biden administration…
By Mike Dolan LONDON – One of the worst starts to a year in decades might lead you to think investors are already braced for an economic storm ahead, but…
(Reuters) – San Francisco Federal Reserve Bank President Mary Daly on Monday said the U.S. economy has a lot of momentum, and said the central bank can raise interest rates…
DAVOS, Switzerland – International Monetary Fund Managing Director Kristalina Georgieva on Monday said she does not expect a recession for the world’s major economies but also cannot rule one out.…