recession

Americans are suffering from 'recession fatigue', report says

Americans are suffering from ‘recession fatigue’, report says

A recession is a very real possibility. As the Federal Reserve aggressively raises rates to fight persistent inflation, this tough stance may come at a price. Already, plunging stock markets have wiped out more than $9 trillion in US household wealth. Fed Chairman Jerome Powell also warned that the central bank’s upcoming moves to tackle …

Americans are suffering from ‘recession fatigue’, report says Read More »

Gross domestic income revised lower, undermining WH recession claims, heritage expert says

Gross domestic income revised lower, undermining WH recession claims, heritage expert says

Fox Business’ Cheryl Casone and Fox News contributor Michael Goodwin discuss the economy’s 0.06% contraction in the spring in “Mornings with Maria.” A data point used by the Biden administration as proof that the country is not in recession was revised this week in the latest batch of economic data released by the Commerce Department. …

Gross domestic income revised lower, undermining WH recession claims, heritage expert says Read More »

Larry Summers warns that global economic risk is approaching pre-Great Recession levels

Larry Summers warns that global economic risk is approaching pre-Great Recession levels

The current level of risk in global markets is reminiscent of conditions seen in 2007 before the Great Recession, former Treasury Secretary Larry Summers warned Thursday. Summers detailed his concerns a day after the Bank of England was forced to intervene to stabilize the UK’s cratering economy – an event some saw as a potential …

Larry Summers warns that global economic risk is approaching pre-Great Recession levels Read More »

Stock market gloom 'worse than ever' as Fed signals it could continue to tighten into recession

Stock market gloom ‘worse than ever’ as Fed signals it could continue to tighten into recession

Topline On Thursday, Fed officials reiterated calls for aggressive policy to tackle stubbornly high inflation – fueling expectations for bigger rate hikes amid a stock market sell-off that has seen major indexes hit new lows for the economy. year – and some analysts predict the losses could only get worse. Morgan Stanley’s bearish scenario? Another …

Stock market gloom ‘worse than ever’ as Fed signals it could continue to tighten into recession Read More »

Iron Mountain CEO 'prays for inflation' because it's good for business: report

Iron Mountain CEO ‘prays for inflation’ because it’s good for business: report

The chief executive of a Boston-based tech company has told investors he’s “praying for inflation” because it’s good for his business, according to a report. William Meaney, CEO of data storage and management company Iron Mountain, told Wall Street analysts last week that high prices are helping the company’s margins, which is why he “did …

Iron Mountain CEO ‘prays for inflation’ because it’s good for business: report Read More »

The UK is grappling with an economic crisis of its own making |  CNN Business

The UK is grappling with an economic crisis of its own making | CNN Business

London CNN Business — A week ago, the Bank of England took a hit in the dark. He raised interest rates by a relatively modest half a percentage point to fight inflation. He couldn’t know the magnitude of the storm that was about to break. Less than 24 hours later, the government of new British …

The UK is grappling with an economic crisis of its own making | CNN Business Read More »

Inflation has yet to peak, say CFOs, and recession is already here or about to hit

Inflation has yet to peak, say CFOs, and recession is already here or about to hit

At CNBC’s Delivering Alpha Investor Summit in New York on Wednesday, several big names in the investing community indicated they saw no signs of slowing inflation. David Rubenstein, co-founder and co-chairman of the Carlyle Group, said that while “we’ve been used to 2% inflation for 25 years, we have to get used to the fact …

Inflation has yet to peak, say CFOs, and recession is already here or about to hit Read More »

The final GDP reading should confirm that the US economy entered a recession in the spring

The final GDP reading should confirm that the US economy entered a recession in the spring

Wharton Business School professor Jeremy Siegel analyzes the Federal Reserve’s policies, warning that the Fed’s actions will make a “deep recession” inevitable. Did the American economy really slide into a recession in the first half of the year? New data to be released by the government on Thursday morning could shed light on the central …

The final GDP reading should confirm that the US economy entered a recession in the spring Read More »

Advice |  7 ways a recession could be good for you financially

Advice | 7 ways a recession could be good for you financially

In his first inaugural address in March 1933, President Franklin D. Roosevelt said, “Then, first, let me state my firm belief that the only thing we need fear is fear itself. It was the Great Depression. The unemployment rate was over 25%. An estimated 12 million people were unemployed, about a quarter of the civilian …

Advice | 7 ways a recession could be good for you financially Read More »

Consumers are increasingly optimistic about the US economy |  CNN Business

Consumers are increasingly optimistic about the US economy | CNN Business

CNN — Consumer confidence rose for a second consecutive month in September, as moderation in gasoline prices and hope that inflationary pressures may ease helped boost the collective morale of the nation. The Conference Board reported on Tuesday that its benchmark index rose to 108 from a revised 103.6 in August, the highest since April. …

Consumers are increasingly optimistic about the US economy | CNN Business Read More »