Recession

Treasury Secretary Janet Yellen has been reduced to playing Orwellian word games for the Biden administration on inflation, the state of the economy, and expansion of the IRS.

A new NABE survey released on Monday shows that panelists think the U.S. economic outlook is increasingly skewed to the downside as the Fed hikes interest rates.

The bleak projections come as central banks around the world raise interest rates in hopes of taming rising inflation. The Fed has been the most aggressive in using interest rate hikes.

According to a Bank of America report, 66% of small business owners expect their revenues to grow over the next year despite ongoing economic concerns.

Global trade is expected to grind to a halt next year as a result of a convergence of economic crises including spiking energy prices and higher interest rates.

The United Nations on Monday warned that the Federal Reserve could drag the global economy into a recession with its rate-hike campaign design to crush inflation.

The Biden administration's touting of Gross Domestic Income growth was challenged by newly revised figures that one expert says is more proof the country is in a recession.

Federal Reserve Vice Chair Lael Brainard warned Friday that central bank policymakers will need to raise interest rates higher and keep them elevated for some time to fight inflation.

Several Federal Reserve officials this week endorsed additional interest rate hikes as the central bank tries to bring inflation under control by slowing the U.S. economy.

The Commerce Department will release the third and final estimate of Q2 GDP on Thursday, providing evidence over whether the economy is in a recession.

Recession fears are pushing U.S. homebuyers out of the housing market, but some experts say this is good news for those who are willing to stick it out.

Duquense Family Office CEO Stanley Druckenmiller is anticipating a recession next year, warning that the economic downturn could be "really bad," as the Federal Reserve tightens monetary policy with continued interest rate increases

The British government's sweeping package of tax cuts has damaged the nation's credibility as an economic superpower, Treasury Secretary Larry Summers said.

The OECD warned Monday that the global economy is headed for a slowdown as a result of Russia's war in Ukraine and the hottest inflation in decades.

The Federal Reserve will continue to rattle markets this year with its rate hike path, according to Goldman Sachs, which sees the S&P ending the year at 3,600 points.

The U.S. housing market is in a recession, and prices are likely to plunge 20% over the next year as rising mortgage rates take their toll on consumer demand.

Federal Reserve Chairman Jerome Powell conceded on Wednesday that the chances of avoiding a recession have diminished as the central bank raises interest rates.

The Federal Reserve enacted its third consecutive 75-basis-point interest rate hike as it attempts to cool inflation without triggering an economic recession.

Gap is eliminating about 500 corporate jobs, after enduring years of slumping sales at the flagship Gap brand and more recently at the Old Navy chain.

A new report from real estate firm ATTOM revealed the most vulnerable housing markets in an economic downturn due to high unemployment rates and low affordability.