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…
Any U.S. recession would likely be short, shallow, IMF official says
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 the early…
Reading the market tea-leaves for global recession risks
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 whether the…
German economy nervous, but no sign of recession for now – Ifo economist
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 of gas…
SHEFFIELD: The People That Botched Inflation Now Want You To Believe They Can Avoid Recession. Fat Chance!
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 recently won…
Inflation and recession dominate outlook, increase risk of accidents – PIMCO
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 accidents’, U.S.…
Growing forecasts for U.S. recession may spell more trouble for stocks
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, threatening more…
Biden says U.S. recession is not inevitable -AP interview
(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, it’s not…
Analysis-U.S. stocks’ bear market growl could beckon recession
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 recession. Worries…
Larry Summers Puts Janet Yellen On Blast For Dismissing Recession Fears
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 after she…
Morgan Stanley CEO says 50-50 chance U.S. economy enters recession
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, speaking at…
Euro zone to avoid recession, growth to accelerate in Q3 – ECB survey
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 on Monday.…
UK faces stagnation and recession risk, CBI warns
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 outlook for…
Italian industry output jump allays recession fears
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 showed on…
As Bank of Canada sprints to neutral, bets of recession climb
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 plunging the…
StanChart CEO sees shallow and short recession by early 2023
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 a “relatively…
‘Recession Will Be Hard To Avoid’: World Bank Issues Dire Economic Warning, Hints At 1970s-Era Stagflation
‘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 Tuesday and…
Column-Fed may face yield curve, recession ‘mea culpa’: McGeever
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 the next…
DEL VILLAR: A Recession Would Spell Even More Bad News For Biden’s Off The Rails Presidency
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 keeps going…
Column-Another leg lower? Markets not yet braced for recession: Mike Dolan
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 it’s far…
Fed’s Daly says she does not expect a recession
(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 to where…
IMF chief does not expect recession but it isn’t ‘out of the question’
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. Asked at…
Fed’s Harker: soft landing possible, not forecasting recession
(Reuters) – Philadelphia Federal Reserve Bank President Patrick Harker on Wednesday said he believes the central bank can bring inflation down without sending the economy into a recession, in part because the…
Analysis: European dealmakers face shrinking debt options as recession risk looms
By Pamela Barbaglia and Yoruk Bahceli LONDON – European dealmakers are struggling to finance corporate takeovers as concern that the region’s economies may dip into recession is prompting debt investors to demand…
Ex-Goldman CEO Blankfein says recession possibility is ‘very high risk factor’
WASHINGTON – Former Goldman Sachs CEO Lloyd Blankfein said on Sunday he believes the economy is at risk of possibly going into a recession, as the U.S. Federal Reserve continues to raise…
Cass Freight Index sees ‘considerable’ U.S. freight recession risk
LOS ANGELES – A closely watched transportation report on Thursday said “the prospect of freight recession is now considerable” as the spending shift from goods to services accelerates, inflation erodes disposable income…
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