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…
New Zealand central bank’s Orr does not expect recession
WELLINGTON (Reuters) – Reserve Bank of New Zealand Governor Adrian Orr said on Wednesday that while growth would slow he did not expect a recession, adding that the central bank believed it…
U.S. high-yield bond funds draw cash as recession fears ebb
By Patturaja Murugaboopathy (Reuters) – U.S high-yield bond funds are attracting heavy investments, a turnaround from the selloffs of the first half of this year, as investors bet that the Federal Reserve…
Global physical oil market weakens as recession jitters mount
By Arathy Somasekhar, Noah Browning and Alex Lawler HOUSTON/LONDON – Physical oil prices around the world have begun to sag alongside futures, reflecting less alarm over Russian-led supply disruptions along with heightened…
Column – Deep U.S. curve inversion hastens the recession it predicts: McGeever
By Jamie McGeever ORLANDO, Fla. – An inverted U.S. Treasury yield curve almost always heralds recession, but the yawning gap between high short-term funding costs and falling long-term borrowing rates may accelerate…
Euro zone investor morale edges up, recession still likely – Sentix
BERLIN – Investor morale in the euro zone was essentially unchanged in August from the previous month, with a slight rise too little to stave off fears of recession in the 19-country…
REP. JASON SMITH: Democrats Should Heed Their Own Advice — Don’t Raise Taxes During A Recession
REP. JASON SMITH: Democrats Should Heed Their Own Advice — Don’t Raise Taxes During A Recession Rep. Jason Smith on August 7, 2022 During the 2007-2009 recession, Sen. Chuck Schumer, in a…
UK PM hopefuls Sunak and Truss clash over recession warning in debate
By Andrew MacAskill LONDON – British foreign minister Liz Truss clashed over the future of the economy with former finance minister Rishi Sunak on Thursday as the two contenders to be Britain’s…
Canadian dollar seen higher if recession fears fade – Reuters poll
By Fergal Smith TORONTO – Analysts expect the Canadian dollar to rally over the coming year, betting the threat of recession will ease as the U.S. Federal Reserve and the Bank of…
Euro zone consumers brace for recession and high inflation – ECB survey
FRANKFURT – Consumers in the euro zone are bracing for the economy to shrink and for high inflation to continue eating into their income in the next year, a European Central Bank…
Canadian dollar rises as U.S. data tempers recession fears
By Fergal Smith TORONTO – The Canadian dollar strengthened against the greenback on Wednesday as worries about a possible recession eased following encouraging economic data from the United States, Canada’s largest trading…
BofA lowers 2023 forecast for Mexico economy, cites potential recession
MEXICO CITY – Bank of America has downgraded its 2023 growth forecast for Mexico’s economy to 0% from 1% amid a potential U.S downturn, analysts said in a research note, predicting the…
‘People Just Don’t Know’: NYT Economist Says Americans Who Believe We’re In A Recession Have Been Duped By Media
‘People Just Don’t Know’: NYT Economist Says Americans Who Believe We’re In A Recession Have Been Duped By Media Harold Hutchison on August 1, 2022 New York Times columnist and economist Paul…
India will not slip into recession, stagflation – minister
NEW DELHI – India will not slip into recession or stagflation, Finance Minister Nirmala Sitharaman told parliament on Monday, after opposition parties raised concerns about rising inflation and its impact on the…
‘That Sound You’re Hearing Is The Goalpost Moving’: Tucker Rips Media For Recession Flip-Flop
‘That Sound You’re Hearing Is The Goalpost Moving’: Tucker Rips Media For Recession Flip-Flop Harold Hutchison on July 29, 2022 Fox News host Tucker Carlson tore into the Biden administration and media…
Analysis-World’s biggest bond markets back in vogue as recession fears mount
By Dhara Ranasinghe LONDON – One day you’re out and the next day you’re in: the world’s battered sovereign bond markets are back in favour as global recession fears mount. Government borrowing…
Are We In A Recession? It Doesn’t Matter To Americans Who Are Hurting, Economists Say
Are We In A Recession? It Doesn’t Matter To Americans Who Are Hurting, Economists Say Max Keating on July 28, 2022 The Biden administration has disputed that the U.S. is actually in…
Analysis: Potential U.S. recession could feed an already vicious bear market
By Lewis Krauskopf NEW YORK – The prospect of a U.S. recession could mean more pain for battered stocks, despite a recent rebound that has taken the benchmark index to its highest…
Fed’s Powell does not believe U.S. economy is in recession right now
(Reuters) – Federal Reserve Chair Jerome Powell on Wednesday said he did not believe the U.S. economy is currently in a recession but it is softening and the path for the Fed…
No, we’re not in a recession, Biden administration tells U.S. voters
By Trevor Hunnicutt WASHINGTON – The U.S. economy is plagued by inflation and suffering from fallout from Russia’s war in Ukraine – but it’s not in recession. That’s the message from White…
Biden: ‘We’re Not Gonna Be In A Recession’
Biden: ‘We’re Not Gonna Be In A Recession’ Max Keating on July 25, 2022 President Joe Biden told reporters Monday that he’s not worried by speculation that the U.S. economy might be…
Economist Dismantles Biden Admin’s Attempt To Redefine Recession With One Chart
Economist Dismantles Biden Admin’s Attempt To Redefine Recession With One Chart Max Keating on July 25, 2022 The White House has been challenging a commonly-used definition of “recession” in advance of economic…
GM, Ford confront Wall Street’s recession fears
By Joseph White DETROIT – General Motors Co and Ford Motor Co are about to replay a script they have played out many times before – trying to convince investors they can…
Wall Street Is Freaking Out About One Major Recession Indicator
Wall Street Is Freaking Out About One Major Recession Indicator Max Keating on July 21, 2022 Wall Street investors and economists are sounding the alarm over a yield curve inversion, one of…
For U.S. card issuers, recession worries may foreshadow a good quarter
By Niket Nishant and Manya Saini (Reuters) – U.S. card companies are likely to strike a cautious tone in their quarterly results as rising prices imperil strong spending by Americans stepping out…
Fed to stick to 75 bps hike in July; 40% chance of recession: Reuters poll
By Prerana Bhat BENGALURU – The U.S. Federal Reserve will opt for another 75 basis point rate hike rather than a larger move at its meeting next week to quell stubbornly-high inflation…
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