BoE’s Dhingra warns of deeper and longer recession with higher rates
LONDON (Reuters) -Bank of England rate-setter Swati Dhingra said in an interview published on Saturday that higher interest rates could lead to a deeper and …
Recession
JPMorgan Strategists Predict Stock Plunge, Recession As Early As First Half Of 2023
JPMorgan Strategists Predict Stock Plunge, Recession As Early As First Half Of 2023 John Hugh DeMastri on December 1, 2022 Strategists at JPMorgan Chase predicted …
Recession may force Fed rate cut in 2023, sending Treasury yields lower -BofA
By Davide Barbuscia NEW YORK (Reuters) – Benchmark U.S. Treasury 10-year yields will fall next year as the Federal Reserve slows monetary tightening and eventually …
Rates and recession: European shares face rocky start to 2023: Reuters Poll
By Danilo Masoni MILAN (Reuters) – Tightening financial conditions and the prospect of an economic recession are going to be a toxic brew for European …
NZ faces ‘shallow’ recession as rates need to rise more – senior central banker
By Stella Qiu SYDNEY (Reuters) – New Zealand is likely facing a “shallow” recession as interest rates need to rise further to tame inflation, a …
German downturn eases in Nov, bringing hope for milder recession -flash PMI
BERLIN (Reuters) – The downturn in German economic activity eased in November, a preliminary survey showed on Wednesday, as firms saw price pressures retreat from …
ECB set to raise deposit rate 50 bps as euro zone enters recession -economists: Reuters poll
By Jonathan Cable LONDON (Reuters) – The European Central Bank will press on with policy tightening, adding 50 basis points to its deposit rate next …
Chile’s GDP posts largest quarterly drop in over 2 years as recession fears grow
By Fabian Cambero and Gabriel Araujo SANTIAGO (Reuters) -Chile’s economy shrank in the third quarter at the fastest quarterly rate in more than two years, …
Hungary aiming to prevent economy sliding into recession, Orban says
BUDAPEST (Reuters) -Hungary is aiming to prevent its economy sliding into recession, Prime Minister Viktor Orban said on Friday after data this week showed the …
Biden’s Top Econ Adviser To Leave White House Amid Inflation, Recession Fears: REPORT
Biden’s Top Econ Adviser To Leave White House Amid Inflation, Recession Fears: REPORT John Hugh DeMastri on November 17, 2022 President Joe Biden’s top economic …
OBR sees UK GDP falling 2% in over a year of recession
LONDON (Reuters) – Britain’s economy will shrink by 2% in a recession that started during the previous quarter and is on track to last just …
BoE could deepen UK recession if it raises rates further – Dhingra
LONDON (Reuters) – The Bank of England’s newest interest rate-setter Swati Dhingra said on Wednesday that the British central bank could deepen an expected recession …
Fed’s George says increasingly difficult to bring inflation down without a recession – WSJ
(Reuters) – Inflation is at risk of becoming entrenched in the economy from an overheated job market, making it difficult for the Federal Reserve to …
WTO warns of ‘real’ recession risk in some major economies
By Leika Kihara NUSA DUA, Indonesia (Reuters) – The head of the World Trade Organization (WTO) warned on Wednesday that several major economies face a …
BofA’s global fund manager survey shows stagflation and recession angst
By Marc Jones LONDON (Reuters) – A closely-watched survey of global investor views published on Tuesday showed a growing angst that recessions and stagflation episodes …
U.S. may skirt recession in 2023, Europe not so lucky-Morgan Stanley
By Kevin Buckland TOKYO (Reuters) – Britain and the euro zone economies are likely to tip into recession next year, Morgan Stanley said, but the …
Recession or not, Canadian employers look to hang onto workers
By Steve Scherer and Julie Gordon OTTAWA (Reuters) – Some Canadian employers say they plan to hold onto their workers even if the economy slips …
Japan economy set to slow sharply as global inflation, recession risks hurt- Reuters poll
By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s economy is expected to have slowed markedly in the third quarter as global recession risks hurt external demand …
Canada cuts 2023 GDP forecast but says economy to avoid recession
TORONTO (Reuters) – Canadian Finance Minister Chrystia Freeland on Thursday unveiled an economic update, slashing 2023 real GDP forecast to 0.7%, but said the economy …
U.S. is not in recession, data strong, says White House
WASHINGTON (Reuters) – The United States is not in a recession, White House chief of staff Ron Klain said on Thursday, adding that economic data …
Asian equities receive meagre inflows in October amid recession worries
By Gaurav Dogra (Reuters) – Asian equities saw meagre inflows in October after massive selling in the previous month, and analysts expect fears of a …
ECB must keep raising rates even if recession risks rise, Lagarde says
FRANKFURT (Reuters) – The European Central Bank must keep raising interest rates to fight off inflation, even if the probability of a euro zone recession …
European Central Bank Takes Action As EU Teeters On Brink Of Recession
European Central Bank Takes Action As EU Teeters On Brink Of Recession John Hugh DeMastri on October 27, 2022 The European Central Bank (ECB) raised …
Recession risk looms large over euro zone, ECB policymaker says
VILNIUS (Reuters) – The likelihood of a euro zone recession is rising but the European Central Bank needs to keep raising interest rates as inflation …
Ex treasury secretary Mnuchin says U.S. in recession, will continue
RIYADH (Reuters) – Former U.S. treasury secretary Steve Mnuchin said on Wednesday he believed the United States was in a recession and said this would …
In ‘unprecedented’ global chip slump, SK Hynix to halve investment as recession looms
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korea’s SK Hynix Inc warned on Wednesday of an “unprecedented deterioration” in memory chip demand, deepening …
Analysis: UK’s Hunt faces triple threat from debt, recession and Conservative rebels
By William Schomberg LONDON (Reuters) – Newly confirmed finance minister Jeremy Hunt must keep investors calm about Britain’s debt mountain, avoid causing a deep recession …
Whether It’s a Recession, Pandemic, Labor Shortage or More Salsarita’s Fresh Mexican Grill Star Multi-Unit Franchisee Steve Alie Has Overcome Every Obstacle on His Path
Salsarita’s fresh mexican grill ceo phil friedman with multi-unit owner steve alie at the latest drive-thru restaurant in southfield, michigan. (-) Since Steve Alie first …
BNP sees Fed terminal rate of 5.25% in Q1, U.S. recession in Q2
NEW YORK (Reuters) – BNP Paribas expects the Federal Reserve to push the fed funds rate to a peak of 5.25% in the first quarter …
U.S. stocks price in recession risk more than other assets, says Citi
(Reuters) – U.S. equities have priced in the most recession risk compared with other assets, Citigroup researchers said, warning that was not enough as further …
Singapore’s GIC says global recession scenario possible, eyes Australia opportunities
By Praveen Menon SYDNEY (Reuters) – Singapore sovereign wealth fund GIC, one of the world’s biggest investors, said it is factoring in the potential for …
Government bonds no safe haven in central bank-driven recession -BlackRock
By Davide Barbuscia NEW YORK (Reuters) – Government bonds may not offer much protection in a recession if surging inflation pressures central banks to continue …
Tesla steps up job ads as recession clouds gather
By Noel Randewich (Reuters) – While Elon Musk may be worried about the economy, job openings on Tesla’s website suggest the world’s most valuable car …
Germany aiming to cushion recession without fuelling inflation -Habeck
PRAGUE (Reuters) – The German government is aiming to cushion an expected recession with its investment programmes, but without fuelling inflation, Economy Minister Robert Habeck …
ECB policymakers argue for ‘restrictive’ policy despite recession risk
By Balazs Koranyi WASHINGTON (Reuters) – The European Central Bank must power ahead with interest rate hikes to tame inflation and should even push borrowing …
High Oil Prices Exacerbated By OPEC+ Cuts Could Push Global Market Into Recession, Analysis Warns
High Oil Prices Exacerbated By OPEC+ Cuts Could Push Global Market Into Recession, Analysis Warns Jack McEvoy on October 13, 2022 High oil prices …
If there is a recession, it will be “very slight,” Biden says
(Reuters) – U.S. President Joe Biden said in an interview released on Tuesday that he did not think there would be a recession, but that …
Expect Layoffs And A Recession If Fed Doesn’t Let Up, Bank of America Exec Warns
Expect Layoffs And A Recession If Fed Doesn’t Let Up, Bank of America Exec Warns John Hugh DeMastri on October 11, 2022 If the …
World Bank’s Malpass, IMF’s Georgieva see rising risks of global recession
By Andrea Shalal and David Lawder WASHINGTON (Reuters) – World Bank President David Malpass and International Monetary Fund Managing Director Kristalina Georgieva warned on Monday …
Almost All CEOs Are Preparing For A Recession, More Than Half Are Considering Layoffs
Almost All CEOs Are Preparing For A Recession, More Than Half Are Considering Layoffs John Hugh DeMastri on October 5, 2022 Over 90% of …
Exclusive-Germany expects recession next year as gas crisis bites – sources
By Holger Hansen BERLIN (Reuters) -The German government expects Europe’s largest economy to slide into recession next year, contracting 0.4% as an energy crisis, rising …
Israel’s central bank chief sees rates peaking at “3%-plus” while avoiding recession
By Steven Scheer JERUSALEM (Reuters) -Israel’s aggressive interest rate hiking cycle aimed at lowering inflation was at a “well advanced” stage, Bank of Israel Governor …
Analysts cut Canadian dollar forecasts as recession risk looms: Reuters poll
By Fergal Smith TORONTO (Reuters) – The Canadian dollar is set to fall short of a September forecast for the coming year following sharp losses …
Almost All CEOs Are Preparing For A Recession, More Than Half Are Considering Layoffs
Almost All CEOs Are Preparing For A Recession, More Than Half Are Considering Layoffs John Hugh DeMastri on October 5, 2022 Over 90% of …
Antofagasta CEO voices concern about recession hitting copper prices
MEXICO CITY (Reuters) – The chief executive of Chilean miner Antofagasta Plc, Ivan Arriagada, voiced concern on Wednesday that a more recessionary environment could depress …
European shares retreat amid interest rate jitters, recession fears
By Devik Jain and Amruta Khandekar (Reuters) -European shares dropped on Wednesday, snapping a three-day rally as investors tempered expectations of central banks toning down …
Analysis-Global metals volumes slide on recession fears, volatile markets
By Eric Onstad and Mai Nguyen LONDON/HANOI (Reuters) – Industrial metal trading volumes have fallen across the world and may slide further as economic threats …
Global recession can be avoided with right fiscal policies -IMF’s Georgieva
By Aziz El Yaakoubi RIYADH (Reuters) – Global recession can be avoided if governments’ fiscal policies were consistent with monetary policy tightening, but likely there …
Fed’s Daly: no U.S. recession needed to defeat high inflation
(Reuters) – The Federal Reserve needs to slow the U.S. economy and take the heat out of the strong jobs market to bring down corrosively …
Ride-hailing firm Lyft slams brakes on U.S. hiring as recession fears mount
(Reuters) -Lyft Inc is freezing all hiring in the United States through the end of the year, a company spokesperson said on Tuesday, making the …