Exclusive-Fed’s Bullard discounts recession talk, favors more rate hikes
By Howard Schneider ST. LOUIS (Reuters) – The U.S. central bank should continue raising interest rates on the back of recent data showing inflation remains …
Recession
Tighter lending seen bringing mild recession later this year-Vanguard
By Davide Barbuscia NEW YORK (Reuters) – Tighter lending conditions after recent bank failures will likely drive the U.S. economy into a shallow recession in …
Fed’s Goolsbee says mild U.S. recession feasible
(Reuters) – A U.S. recession is certainly feasible as the Federal Reserve’s steep rate-hikes over the past year filters fully through the economy, Chicago Fed …
Factbox-Wall St banks expect one more Fed rate-hike as recession looms
(Reuters) – Most major U.S. banks expect the Federal Reserve to raise interest rates by another 25 basis points next month, following evidence of sticky …
Fed’s Kashkari: Recession possible, but high inflation would be worse
(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari on Tuesday said the Fed’s interest-rate hikes and a possible pullback in lending after two bank …
Marketmind: Weary markets wary of recession
A look at the day ahead in European and global markets from Ankur Banerjee Another set of weaker-than-expected U.S. economic data has investors spooked at …
Global IPOs marred by banks and recession enjoy few bright spots
By Pablo Mayo Cerqueiro, Echo Wang and Elisa Anzolin LONDON/NEW YORK (Reuters) – A banking crisis and worries of a recession have dampened the outlook …
Banking turmoil means recession fears are creeping back
(Reuters) – The failures of U.S. lenders Silicon Valley Bank (SVB) and Signature Bank, followed by Credit Suisse’s rescue, and the ensuing turmoil in world …
‘Temporary Band Aid’: Biden’s Student Loan Plans Could Drive The US Toward Recession, Fiscal Watchdog Argues
‘Temporary Band Aid’: Biden’s Student Loan Plans Could Drive The US Toward Recession, Fiscal Watchdog Argues Alexa Schwerha on March 23, 2023 Biden’s plan to …
DoubleLine’s Gundlach sees US recession within four months
NEW YORK (Reuters) – Jeffrey Gundlach, the chief executive of DoubleLine Capital, said a recession could happen within the next four months, as recent U.S. …
Investors shun high-yield bonds on recession, banking risks
By Patturaja Murugaboopathy and Davide Barbuscia (Reuters) – Global investors have resumed their selling of high-yield corporate bonds after a brief respite in January, as …
Swiss government says it expects economic slowdown but no recession
ZURICH (Reuters) – The Swiss economy is expected to slow this year but will not slide into a recession, the government said on Tuesday, after …
Two Fed measures see notable recession risk despite strong data
By Michael S. Derby NEW YORK (Reuters) – Two Federal Reserve regional bank measures that map bond yields to the economic outlook still put better-than-even …
U.S. companies face more pain as expected ‘earnings recession’ looms
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. companies’ earnings woes are likely to extend beyond the weak fourth quarter, as a booming labor market …
Recession alarm bells are ringing, but (much) less loudly than before
(Reuters) – The rapid reopening of China’s economy, plunging European gas prices and cooling U.S. inflation suggest a global recession may not be as deep …
POLL: Americans Haven’t Been This Down On Their Personal Finances Since The Great Recession
POLL: Americans Haven’t Been This Down On Their Personal Finances Since The Great Recession Bronson Winslow on February 8, 2023 Half of Americans say they …
U.S. recession still likely despite resilient economic data – PIMCO
NEW YORK (Reuters) – U.S. bond manager Pacific Investment Management Company (PIMCO) is sticking to its previous forecast that the U.S. economy is headed toward …
Goldman Sachs cuts U.S. recession odds to 25% on strong labor market
NEW YORK (Reuters) – Goldman Sachs said on Monday it now sees a 25% probability of the United States entering a recession in the next …
US GDP Ticks Up, But Recession Fears Remain
US GDP Ticks Up, But Recession Fears Remain John Hugh DeMastri on January 26, 2023 The U.S. economy grew modestly in the fourth quarter of …
Marketmind: Tech tonic, recession rethink
A look at the day ahead in U.S. and global markets from Mike Dolan. Pumped-up hopes for U.S. tech sector earnings in a heavy week …
South Korea’s Q4 GDP likely shrank, hints at possible recession – Reuters poll
By Veronica Dudei Maia Khongwir BENGALURU (Reuters) – South Korea’s export-dependent economy is forecast to have contracted in the fourth quarter, putting in its worst …
UniCredit CEO says Europe may escape recession – CNBC
MILAN (Reuters) – The European economy may be able to avoid the shallow recession expected this year though the effect of higher rates will made …
Ryanair CEO O’Leary sees no sign of recession
By Sarah Young LONDON (Reuters) -Low-cost carrier Ryanair is not seeing any signs of recession, Chief Executive Officer Michael O’Leary said on Tuesday, pointing to …
German economy minister: recession threatening Europe manageable
BERLIN (Reuters) – Germany’s economy minister said that easing gas prices give hope that a recession threatening Europe, and Germany, can be managed and even …
Goldman Sachs no longer expects recession in euro zone in 2023
(Reuters) -Goldman Sachs said on Tuesday it expects the euro zone economy to grow by 0.6% this year, compared with its previous forecast of a …
Major Bank Sets Date For Biggest Layoff Since ’08 Great Recession: REPORT
Major Bank Sets Date For Biggest Layoff Since ’08 Great Recession: REPORT John Hugh DeMastri on January 9, 2023 Goldman Sachs will begin laying off …
Biden says U.S. economy headed to ‘new plateau,’ amid recession fears
By Andrea Shalal WASHINGTON (Reuters) – President Joe Biden said on Thursday the U.S. economy was seeing “really bright spots” after a rough few years, …
Euro zone recession may not be as deep as expected -PMI
LONDON (Reuters) – Euro zone business activity contracted less than initially thought at the end of last year as price pressures eased, according to a …
Decline in German services sector eases, raising hopes for milder recession -PMI
BERLIN (Reuters) – High inflation and economic uncertainty extended a downturn in the German services sector in December, though a slower pace of decline in …
Fall in New Zealand confidence raises spectre of deeper recession
By Lucy Craymer WELLINGTON (Reuters) – Confidence in New Zealand has slumped in recent weeks, raising concerns the country might be headed toward a deeper …
Recession, rate hikes seen jamming brakes on global 2023 earnings growth
By Caroline Valetkevitch and Joice Alves NEW YORK/LONDON (Reuters) – Corporate earnings growth is expected to slow in the year ahead in many countries as …
Private debt markets face reality check as companies grapple with rising rates, recession
By Chiara Elisei LONDON (Reuters) – Stellar growth in private debt markets over the past decade looks set to face a reality check as a …
U.S. bank stocks falter as recession worries take hold
By Lewis Krauskopf (Reuters) – Shares of U.S. banks are taking a beating in December, as worries over an expected recession and weakening profit margins …
Wall St extends losses as recession fears weigh
(Reuters) – Wall Street’s main stock indexes extended losses on Friday as fears of a looming recession, sparked by the Federal Reserve’s relentless battle against …
‘He Has No Real Credibility’: Steve Forbes Says Fed Chair Powell Will Be ‘Late’ To Fighting ‘Unnecessary Recession’
‘He Has No Real Credibility’: Steve Forbes Says Fed Chair Powell Will Be ‘Late’ To Fighting ‘Unnecessary Recession’ Harold Hutchison on December 15, 2022 Former …
UK downturn moderates in December but recession begins – PMI
By Andy Bruce LONDON (Reuters) -The downturn across most British businesses eased slightly this month but manufacturers struggled and the economy is still likely to …
Bundesbank sees recession, higher inflation in Germany
FRANKFURT (Reuters) – Inflation in Germany, the euro zone’s biggest economy, is likely to be higher than earlier thought while economic growth will be weaker …
TSX hits 5-week low as Fed’s hawkish stance fuels recession worries
By Fergal Smith TORONTO (Reuters) – Canada’s main stock index slumped to a five-week low on Thursday, with the technology and materials groups leading broad-based …
Analysis-Investors bet Fed will blink if recession hits despite ‘higher for longer’ mantra
By Davide Barbuscia and David Randall (Reuters) – Some investors believe an expected recession will force the Federal Reserve to loosen monetary policy next year, …
German recession will be milder than expected: Ifo
BERLIN (Reuters) – Germany’s recession will be milder than expected, with the economy expected to contract by 0.1% in 2023 compared to a previous forecast …
New Zealand forecasts recession next year but a narrower budget deficit
By Lucy Craymer and Alasdair Pal WELLINGTON (Reuters) – New Zealand’s government on Wednesday forecast the country would enter a recession in 2023, even as …
United Airlines preparing for ‘mild’ economic recession next year -CEO
By David Shepardson and Rajesh Kumar Singh NORTH CHARLESTON, S.C./CHICAGO (Reuters) – United Airlines Inc Chief Executive Scott Kirby on Tuesday said his company is …
Ark’s Wood sees U.S. now in recession, expects energy stocks to tumble
By David Randall NEW YORK (Reuters) – Energy stocks and other value stocks will likely be “casualties” of falling inflation, said Cathie Wood, the star …
Swiss gov’t expects economic slowdown in 2023 but no recession
ZURICH (Reuters) – The Swiss government expects the country’s economic growth to slow next year although it should avoid a recession, it said on Tuesday, …
ECB to raise scrutiny of banks’ credit risk, funding in 2023 as recession looms
FRANKFURT (Reuters) – The European Central Bank will increase scrutiny over how banks manage credit risk and diversify funding, it said on Monday while outlining …
Recession drumbeat gets louder as more U.S. CEOs strike mellow note for 2023
By Medha Singh (Reuters) – Corporate America is starting to feel the chill of a looming recession as top executives from companies such as JPMorgan …
ECB to raise deposit rate by 50 bps on Dec 15 as bloc enters winter recession: Reuters Poll
By Jonathan Cable LONDON (Reuters) – The European Central Bank will take its deposit rate up by 50 basis points next week to 2.00%, despite …
U.S. heading into shallow recession, no respite from rate hikes yet: Reuters poll
By Indradip Ghosh BENGALURU (Reuters) – The U.S. economy is heading into a short and shallow recession over the coming year, according to economists polled …
Wall Street opens lower as recession worries mount
(Reuters) – Wall Street’s main indexes opened lower on Wednesday as warnings of a looming recession from major Wall Street bankers offset optimism around China …
Factbox-Corporate America lays off thousands as recession worries mount
(Adds Buzzfeed) (Reuters) – U.S. companies, from tech majors to consumer firms, are bracing for a potential economic downturn by shrinking their employee base to …