Recession

The global economy is at danger of returning to 1970s-style stagflation as it confronts elevated inflation and a slowdown in growth, according to a grim World Bank report.

Former Chase chief economist Anthony Chan reacts to his friend JP Morgan Chase CEO Jamie Dimon's warning that a "hurricane" is on the horizon for the economy.

The Federal Reserve may successfully engineer a "soft landing," and bring inflation down without causing a recession, according to Goldman Sachs economists.

The Federal Reserve may trigger a recession with its war on inflation, but economists think the downturn will be a mild one.

President Biden on Friday used the May jobs report as evidence that the economy is in a healthy position as he tries to improve his approval rating ahead of the November midterm elections.

The U.S. economy continued to see healthy job growth in May, indicating the labor market is still strong despite headwinds from rising interest rates, soaring inflation, a worsening labor shortage and fears of a slowdown.

The Biden administration is trying to emphasize to voters that it's maximizing efforts to bring prices under control as inflation hovers near a 40-year high.

JPMorgan CEO Jamie Dimon ramped up his economic warning on Wednesday, predicting a coming economic "hurricane" as the Federal Reserve battles inflation.

The Federal Reserve said in a new report Wednesday that inflationary pressures, a labor shortage and supply chain bottlenecks continued to weigh on businesses.

The odds of an economic downturn in the United States over the course of the next 12 months are somewhere between 35% and 40%, according to economist Greg Daco.

Former Trump Council of Economic Advisers Chairman Kevin Hassett calls dismissing the probability of a recession a "mistake," arguing the U.S. is in one if GDP comes in negative again.

A New York Fed survey shows that most U.S. households think the high inflation environment will not fade over the next 12 months.

Tesla CEO Elon Musk claimed that the forthcoming economic recession is "actually a good thing" and a "rude awakening" for "fools" that have been receiving money "for too long."

Bank of America CEO Brian Moynihan talks the odds of a recession with FOX Business amid recession fears from the World Economic Forum in Davos, Switzerland.

Thru the Cycle President John Lonski revealed what is needed to "contain inflation," noting that he believes growth and spending is going to "slow down."

Is the economy headed for stagflation? According to the CIO of the world's largest hedge fund, Bridgewater, the answer is yes.

Ernst & Young Global Chairman and CEO Carmine Di Sibio on his outlook for the economy and a recession from the World Economic Forum in Davos, Switzerland.

The Federal Reserve's "hawkish pivot" has raised the risk of an economic recession, according to BlackRock, the world's largest asset manager.

The Federal Reserve faces a new challenge as it tries to tame inflation and cool consumer demand, without inadvertently triggering an economic recession.

A majority of investment fund managers now say they see “below-trend growth and above-trend inflation"— aka stagflation — happening this year.