How housing is fueling searing-hot inflation
U.S. inflation is likely to remain elevated in coming months as a result of skyrocketing housing costs, which economists warn could be slow to moderate.
Global recession is a 'clear and present danger,' Citi economists warn
The odds of a global recession are about 50%, Citi economists said in a new analyst note, warning there is a "real and present danger" of a downturn.
Existing home sales report, crude stockpiles expected to rise and more: 5 things to know
Reports on existing home sales and energy inventories will be released Wednesday morning along with second-quarter earnings from Tesla, Abbott Labs, United Airlines and more.
Goldman Sachs CEO says recession risk high as company plans to slow hiring
Goldman Sachs CEO David Solomon said factors, including high inflation and slower hiring, means the chance of a recession in the coming years is high.
Bank of America says to expect 'mild recession' this year
Bank of America updated its economic forecast to say the U.S. could experience a "mild recession" as soon as this year. Here's what that means for interest rates.
Grim outlook for housing market, NAHB CEO warns
Jerry Howard, the CEO of the National Association of Home Builders CEO weighed in on new data, which revealed that the housing market has been slowing down.
Bear market 'far from over' as recession risks rise: Morgan Stanley
A relief rally in the stock market will likely prove to be short-lived, according to Morgan Stanley analysts, who raised their odds for a recession in the next year.
Copper prices sink, flashing another recession warning
Copper prices have declined nearly 30% since the beginning of the year, a troubling sign as the commodity serves as a good barometer of economic health.
Larry Summers warns inflation unlikely to fall without 'significant economic downturn'
Former Treasury Secretary Larry Summers said Wednesday that the sizzling-hot June inflation report had ramped up the odds of a "significant" economic downturn.
Severe recession needed to cool inflation, Bank of America analysts say
Bank of America strategists said that sky-high inflation could take some time to come down – forcing the Fed to raise rates so aggressively the economy slides into a recession.
Tough times are ahead in Biden's economy. Here's your recession checklist
The US economy is showing signs of a recession. The signs point to an economy that will get worse by the end of the year. Here's how you can be prepared.
US likely in the 'front-end of a recession': Larry Kudlow
FOX Business host Larry Kudlow told 'Mornings with Maria' that the United States is "probably on the front-end of a recession" following the GDP release Wednesday.
US is already in a 'soft' recession: Economist Stephen Moore
Stephen Moore argued on Monday that the economic picture could get worse depending on the moves of the Federal Reserve and government in the second half of 2022.
Former Obama economist warns stagflation threat level is 'highest in a long time'
A former Obama economist warned the U.S. economy could experience a return to 1970s-style stagflation as the Federal Reserve combats inflation with rate hikes.
Powell acknowledges Fed rate hikes could cause unemployment to climb
The Federal Reserve's battle on inflation could cause the unemployment rate to rise as Americans lose their jobs, Chairman Jerome Powell told Congress on Thursday.
Every day they're hustling! Inflation prompts increase in side gigs amid 'good' job market, says expert
Bankrate.com senior analyst Ted Rossman told FOX Business that Americans are relying on side hustles to make ends meet amid looming threats of a recession.
US 'slowing towards a recession,' if it's not already in one, former Kansas City Fed president warns
Former Kansas City Federal Reserve President and CEO Thomas Hoenig weighed in on whether the central bank can avoid a recession while trying to curb 40-year-high inflation.
Powell concedes Fed may trigger recession, calls soft landing 'very challenging'
Federal Reserve Chairman Jerome Powell conceded that avoiding a recession will be difficult as the U.S. central bank hikes interest rates to tame inflation.
Powell promises the Fed is 'strongly committed' to fighting inflation with more rate hikes
Federal Reserve Chairman Jerome Powell said on Wednesday that policymakers are committed to tackling inflation and will hike rates until consumer prices start to fall.
Fed's Powell in congressional hot seat over inflation blunder
Republicans and Democrats on Capitol Hill are expected to skewer Federal Reserve Chairman Jerome Powell this week over the hottest inflation in four decades.