Recession

Former Atlanta Federal Reserve President and CEO Dennis Lockhart argued that the central bank “took a lot of policy uncertainty out of the picture” on Wednesday.

The number of Americans filing for unemployment benefits unexpectedly rose last week, hitting the highest level since February as soaring inflation and a persistent labor shortage weigh on businesses.

Federal Reserve Chairman Jerome Powell alleviated some concerns of a looming economic recession after he rejected the possibility of an even larger interest rate hike than the one announced by the U.S. central bank on Wednesday.

The Federal Reserve said Wednesday it would raise interest rates by a half point for the first time in two decades as policymakers ramp up their fight to cool red-hot inflation, a move that threatens to slow U.S. economic growth and exacerbate financial pressure on Americans.

Fed Chairman Jerome Powell has pivoted sharply on inflation, transforming into a policy hawk in the months since he conceded that rising prices had proven to be more powerful and persistent than initially expected.

Goldman Sachs strategists led by Jan Hatzius said the probability of an economic downturn within the next 24 months is 38%.

The S&P 500 just suffered its worst April performance since 1970, plunging into its second correction of the year — now, many experts are lowering their projection for the index this year.

Texas Rep. Troy Nehls, a Republican, warned that America is likely headed into an economic recession as the latest GDP numbers illustrated a 1.4% contraction.

With the Federal Reserve taking an increasingly hawkish approach to tackling the hottest inflation in 40 years, an increasing number of Wall Street banks are forecasting an economic recession in coming years.

A growing number of Wall Street banks are forecasting an economic recession in coming years as a result of the Russian war in Ukraine, red-hot inflation and an increasingly hawkish Federal Reserve.

Deutsche Bank economists are doubling down on their prediction, forecasting a severe recession within the next two years as the Federal Reserve moves to tame the hottest inflation in four decades with a series of mega interest rate hikes.

Harvard University professor Kenneth Rogoff said that a contraction in the U.S. economy in the first quarter is “shocking.”

Bank of America CEO Brian Moynihan revealed whether he believes a recession in the United States is imminent.

A Bank of America gauge that tracks truckload demand fell for the fourth consecutive month to its lowest level since June 2020, near recession levels.

Economist Nancy Lazar warned on Monday that the world is in the early stages of a “very significant” recession.

More and more economists are beginning to forecast a U.S. recession in the next two years as the Federal Reserve moves to rein in the hottest inflation in a decade – including one who is frequently cited by the Biden administration.

The Federal Reserve may inadvertently trigger an economic recession next year as it moves to tame the hottest inflation in four decades, according to Goldman Sachs economists.

The U.S. economic outlook is dimming and a downturn could be on the horizon as the Federal Reserve moves to tame the hottest inflation in four decades, according to Fannie Mae economists.

The World Bank cut its forecast for global economic growth this year as a result of the Russian war in Ukraine and is preparing a $170 billion aid package for struggling nations.

The U.S. economic outlook is darkening so rapidly that a recession may be on the horizon as the Federal Reserve makes an aggressive pivot to tame the hottest inflation in four decades, according to economists at Bank of America.