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…
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 than most have forecast. The December…
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 higher inflation and rising interest rates take…
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 looming recession and higher interest rates squeeze…
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 dull the industry’s appeal. The S&P 500…
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 inflation, hammered sentiment. The Dow Jones Industrial…
‘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 presidential candidate Steve Forbes lambasted Federal Reserve…
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 contract this quarter, marking a recession, a…
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 with a recession next year now certain,…
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 declines, as investors were unable to see…
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, even as the central bank projects it…
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 of shrinking by 0.3%, the Ifo economic…
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 the budget remained on target to move…
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 preparing for a “mild” economic recession next…
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 stock picker whose ARK Innovation Fund has…
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, with no energy shortages causing widespread production…
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 its 2023 priorities as the euro zone…
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 Chase & Co, Walmart Inc and United…
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 the euro zone economy almost certainly being…
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 by Reuters who unanimously expected the U.S.…
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 relaxing its strict zero-COVID rules. The Dow…
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 streamline operations. Job cuts announced by U.S.-based…
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 longer recession, adding there were few signs…
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 a recession as soon as the first…
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 cuts interest rates to stimulate a dwindling…
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 shares going into 2023 with a key…
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