Recession

A majority of economists think the Federal Reserve will trigger a recession with its war on inflation, with a new survey showing 72% have forecasted a downturn next year.

Purchases of new homes in the U.S. fell even more than expected in July as record-high home prices and rising borrowing costs priced buyers out of the market.

The Conference Board's leading economic index dropped for the fifth consecutive month, suggesting the U.S. economy is slowing and could be headed for a recession.

A majority of corporate executives expect the U.S. economy to slide into a recession within the next year as they confront painfully high inflation and a labor shortage.

Companies across the country are preparing to cut jobs or are implementing hiring freezes, a new PwC survey showed, a sign the labor market is starting to soften.

Jobless claims edged down last week to 250,000, but the number of Americans filing for unemployment benefits remains near the highest level recorded in eight months.

Chief Investment Officer for Wealth & Investment Management at Wells Fargo, Darrell Cronk, explained what "matters" as it pertains to yield curve inversions.

Bank of America's new U.S. chief economist has projected that the Federal Reserve will trigger a recession as it hikes interest rates to cool inflation.

Economists are questioning if the U.S. could be in a recession after the most recent employment report showed strength in the job market.

Some of the world's top economists, from former Clinton Treasury Secretary Larry Summers to Minneapolis Federal Reserve President Neel Kashkari, are sounding the alarms on a "soft landing."

A Democratic congressman said during a House Rules Committee markup Wednesday that there was zero inflation last month and the U.S. is not in a recession.

Former Kansas City Federal Reserve President and CEO Thomas Hoenig weighed in on the latest inflation data, which revealed that the pace slowed in July for the first time in months.

The Labor Department is releasing the closely watched consumer price index on Wednesday morning, which is expected to show that inflation slowed but remained high in July.

A New York Federal Reserve survey out on Monday showed that consumers expect inflation to decline sharply over the next year as the central bank raises interest rates.

The employment report from July showed job gains were significantly higher than economists expected.

The Labor Department's July jobs report provided a key snapshot of the labor market's health amid growing fears that the U.S. is headed for, or already in, a recession.

Mary Daly, president of the San Francisco Federal Reserve Bank, told Reuters that she doesn't feel the effects of inflation because she "has enough."

New applications for unemployment benefits ticked higher last week, evidence that the historically tight labor market is starting to loosen amid record-high inflation.

Federal Reserve officials have said in recent days that they plan to continue hiking rates until there's clear evidence inflation is falling, despite fears of a slowdown.

Optimism on Wall Street has plummeted to the lowest level in five years amid growing fears the Federal Reserve will trigger a deep downturn with its war on inflation.