Recession

A new survey shows that a majority of economists either think the U.S. economy has entered a recession, or will next year as the Federal Reserve raises rates.

The Mortgage Bankers Association (MBA) released its economic forecast at its conference in Nashville on Sunday, saying that high inflation is likely to continue and a recession is looming.

Consumers are still spending, American Express CEO Stephen Squeri said, despite the fact that inflation remains high and interest rates continue to rise.

AT&T, American Airlines, Dow Inc., Nucor are set to release earnings Thursday morning, while Whirlpool and CSX will unveil figures in the afternoon.

There is a chorus of economic warnings coming from some of America's most prominent business leaders, who are sounding the alarm about a possible recession.

A U.S. recession is almost certain in the next 12 months, according to a new analytical model, a blow to President Biden ahead of the midterm elections.

Financial confidence among U.S. adults has declined amid increased inflation and recession concerns, a recent survey put out by BMO Financial Group found.

The U.S. economy could be headed for a recession, according to Amazon founder Jeff Bezos, who warned on Tuesday that it's time to "batten down the hatches."

The U.S. economy is likely headed for a recession, according to Goldman Sachs CEO David Solomon, who became the latest bank exec to warn of a looming downturn.

Builder sentiment in the market for single-family homes tumbled in October to the lowest level in two years, indicating the housing market is officially in a recession.

Ninety-eight percent of CEOs are bracing for the U.S. economy to fall into a recession, according to a survey released Thursday by The Conference Board.

Economist Mohamed El-Erian blamed the Fed for making inflation worse by mischaracterizing the meaning of transitory and not acting "boldly enough" last year.

On Tuesday, traders will be watching as some big names – including Pepsi, Citigroup, Wells Fargo and Delta Airlines – are set to announce 3Q earnings later in the week.

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.