(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, …
Recession
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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, …
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(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, …
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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 …
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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 …
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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, …
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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 …
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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 …
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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 …
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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 …
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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 …
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‘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 …
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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 …
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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 …
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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 …
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(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 …
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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. …