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…
UK to enter recession this year, think-tank NIESR forecasts
By David Milliken LONDON – Britain is on course to enter a technical recession in the second half of this year and faces a big hit to living standards from surging prices,…
ARK’s Wood sees global recession, blames market selloff on Fed hike plan
By David Randall NEW YORK – The global economy is in recession and recent stock market volatility is a sign investors believe that the Federal Reserve’s plan to continue hiking interest rates…
Bank of England raises rates to 1% despite looming recession risk
By William Schomberg and David Milliken LONDON, May 5 – The Bank of England raised interest rates to their highest since 2009 at 1% on Thursday to counter inflation now heading above…
Fears of Recession are Growing Across Biden’s America, ABC Reports
Fears of recession across Joe Biden’s America are growing, adding one more log on the fire of bad news for the president today. ABC reports Americans are losing around $6,000 per month…
Yellen says U.S. economy being ‘resilient’, no recession in sight
WASHINGTON – U.S. Treasury Secretary Janet Yellen on Friday said the U.S. economy was proving “very resilient” in the face of a series of shocks, and she did not foresee it tipping…
Ark’s Wood remains bullish on Tesla as U.S. recession fears rise
By David Randall NEW YORK – Star stock picker Cathie Wood of Ark Invest remained bullish on top holding Tesla Inc on Tuesday despite growing fears of a U.S. recession and shutdowns…
Economists Increasingly Think US In On The Edge Of A Recession
Economists Increasingly Think US In On The Edge Of A Recession Harry Wilmerding on April 11, 2022 Economists increasingly think the U.S. economy will enter into a recession within the next 12…
U.S. recession not imminent despite yield curve inversion, BlackRock executive says
NEW YORK – A U.S. recession is not imminent despite the inversion of a part of the U.S. Treasury yield curve which has been “artificially pressured” by some investors, BlackRock Inc, the…
Europe faces recession risk, so why are bond curves so steep?
By Yoruk Bahceli and Dhara Ranasinghe (Reuters) – The euro area economy is one of the most vulnerable to the fallout from Russia’s invasion of Ukraine, yet the message coming from its…
A “recession shock” is coming, BofA warns
LONDON – The macro-economic picture is deteriorating fast and could push the U.S. economy into recession as the Federal Reserve tightens its monetary policy to tame surging inflation, BofA strategists warned in…
Fed’s Harker: “methodical” policy tightening designed to avert recession
(Reuters) – The U.S. Federal Reserve aims to tighten monetary policy in a methodical way that keeps the economic expansion intact, Philadelphia Federal Reserve President Patrick Harker said on Wednesday. “We’ve committed…
Fed’s Daly sees slower growth, but no recession ahead
(Reuters) – Interest rate hikes aimed at bringing down too-high inflation will slow economic growth but will not tip the U.S. economy into recession, San Francisco Federal Reserve Bank President Mary Daly…
Germany faces steep recession if Russian oil and gas halted – banks
FRANKFURT – Germany will face a steep recession if there is a stop to imports or delivery of Russian gas and oil, a top German bank lobby warned on Monday. Europe’s largest…
Equities see sizeable weekly inflows as BoFA warns of recession risks
LONDON – Investors pumped in $18.9 billion into equities and $6.3 billion into bonds in the last week after weeks of outflows as BoFA strategists warned against reading too much into the…
Wall Street has a recession obsession. What does the data say?
By Howard Schneider and Dan Burns (Reuters) – A favorite Wall Street harbinger of business-cycle downturns sent up a warning flare that a recession may be on the horizon on Tuesday, just…
Are Bond Yields Signaling That A Recession Is On The Horizon?
Are Bond Yields Signaling That A Recession Is On The Horizon? Harry Wilmerding on March 28, 2022 The yield on a 5-year Treasury note soared past the yield on a 30-year Treasury…
ECB’s Centeno says recession not in ECB’s scenario despite Ukraine
LISBON – The European Central Bank does not contemplate a recession in the euro zone in its economic scenario despite the conflict in Ukraine that has exacerbated inflationary pressures, ECB Governing Council…
ARK’S Wood sees Europe in recession, high oil prices to drive EV sales
By David Randall NEW YORK – Europe’s economy is likely already in a recession as a result of the Russian invasion of Ukraine and the U.S. economy may not be far behind,…
Yield curve recession signal intensifies as war fuels ‘stagflation’ fears
By Davide Barbuscia NEW YORK -Recession concerns are showing up more prominently in the U.S. Treasury yield curve, as soaring commodity prices in the wake of Russia’s invasion of Ukraine fuel worries…
U.S. Treasuries see biggest inflows in two years as recession risks rise – BofA
LONDON – Investors pumped money into U.S. Treasuries at the fastest pace in nearly two years in the week to Wednesday and yanked funds out of cash, inflation-linked debt and credit as…
U.S. yield curve inversion may be ‘false positive’ recession signal – Credit Suisse
NEW YORK – A U.S. Treasuries yield curve inversion this time around may not be the perfect predictor of a recession, a Credit Suisse strategist said on Wednesday, as the Federal Reserve’s…
Mexico’s finance ministry says talk of ‘technical recession’ imprecise
By Anthony Esposito and Noe Torres MEXICO CITY – Mexico’s Deputy Finance Minister Gabriel Yorio said on Friday that talk of a “technical recession” in the country doesn’t take into account coronavirus-related…
Mexico’s economy likely entered recession in fourth quarter: Reuters poll
By Miguel Gutierrez and Gabriel Burin MEXICO CITY – Mexico’s economy likely contracted in the last three months of 2021, in what would mark a second straight quarter of negative growth and…
Yellen: Raise The Debt Ceiling Or We Will Fall Back Into Economic Recession
Treasury Secretary Janet Yellen said Tuesday that the U.S. could slide back into economic recession if Congress fails to raise the debt ceiling by Oct. 18. “It would be catastrophic to not…
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