Inflation has 'finally come to a head with the consumer': Eddie Ghabour
Key Advisors Group LLC co-owner Eddie Ghabour argued that the United States is headed towards a "mild recession,” pointing to recent data for his position.
US goods trade deficit narrows sharply; core capital goods shipments strong
The United States trade deficit in goods shrank considerably in the month of June after a surge in exports. This news could potentially the fears of a potential recession.
Top Trump White House economist slams Biden administration's 'recession' spin
The former top economist in the Trump White House criticized the Biden administration's attempt to downplay recession fears, saying the economy was headed toward a sharp downturn.
Biden White House slammed for 'arguing with the dictionary' after attempts to redefine 'recession'
Americans for Tax Reform President Grover Norquist sounded off on state inflation relief checks, inflation and the White House's attempts to redefine 'recession.'
IMF warns global economy teetering on brink of recession as it slashes growth outlook
The International Monetary Fund warned the global economy could soon fall into a recession amid a confluence of threats, including inflation and the war in Ukraine.
What recession? Biden, Yellen and Democrats want to change the definition but they can't change the facts
Democrats keep changing the definition of common words. Now Treasury Secretary Janet Yellen wants to redefine the definition of a recession. This tactic will not work.
Fed prepares another mega-sized rate hike, risking deeper economic downturn
The Federal Reserve is expected to approve another massive interest rate increase at the end of its two-day meeting on Wednesday as it ramps up its inflation battle.
Group warns recession is here, energy prices, 2-day Fed meeting and more: Tuesday's 5 things to know
Tuesday morning brings two major housing reports -- May home prices and home sales for June -- as well as reports measuring July consumer confidence.
Fed's united front on interest rates may soon be tested
The Federal Reserve is expected to raise interest rate this week by an estimated three-quarters percentage point which puts the target range between 2.25% to 2.5%.
White House says a second consecutive quarter of negative GDP 'unlikely' to be indicative of recession
The White House said that even if the GDP estimate is negative for a second straight month, it's "unlikely" that the country is in a recession.
Yellen predicts Fed’s anti-inflation policies will be ‘successful,’ after wrongly calling it 'transitory'
Treasury Sec. Janet Yellen predicted Sunday that the Federal Reserve's anti-inflation policies will be "successful" after previously admitting she'd been wrong about inflation.
Treasury Sec. Janet Yellen acknowledges economic ‘slowdown’ but downplays recession fears
Treasury Secretary Janet Yellen said Sunday that the "economy is slowing down" but it is not heading for a recession, despite many economists arguing the U.S. is already in one.
US will soon find out it 'met the technical definition of a recession': Investment expert
Chief Investment Officer of Hennion & Walsh Asset Management Kevin Mahn forecasts data will reveal the U.S. is experiencing a recession on 'Mornings with Maria.'
Biden administration on the defensive as dismal economic report looms
President Biden's economic team is trying to redefine what constitutes a recession ahead of what is expected to be a dismal second-quarter GDP reading next week.
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.