Yellen Downplays Recession Fears After U.S. Unemployment Reaches 54-Year Low  Forbes Source link

LONDON, Feb 1 (Reuters) – U.S. manufacturing is already in recession based on the latest monthly report on business from the Institute for Supply Management (ISM) issued on Feb. 1: The ISM purchasing managers’ index slipped to 47.4 (16th percentile for all months since 1980) in January from 48.4 (19th percentile) in December and 57.6 […]

Women carry shopping bags as customers visit the American Mall dream mall during Black Friday on Nov. 25, 2022 in East Rutherford, N.J. The U.S. economy ended 2022 on a strong note, but fears of a recession are growing. Kena Betancur/Getty Images hide caption toggle caption Kena Betancur/Getty Images Women carry shopping bags as customers […]

“If there were any doubt about the US government’s ability or willingness to make interest and principal payments on time, that could have very, very adverse consequences,” Jan Hatzius, the chief economist at Goldman Sachs, told CNN in an interview.The United States hit the debt ceiling last week, forcing Treasury Secretary Janet Yellen . . […]

Jan 23 (Reuters) – The likelihood that the United States is already in recession or will fall into one this year has dropped over the past three months to 56% from a nearly two-thirds possibility, according to a survey on business conditions released on Monday. Approximately 53% of those polled by the National Association of […]

LONDON, Jan 19 (Reuters) – U.S. manufacturers probably entered a recession in the fourth quarter of 2022, based on a range of high-frequency indicators, part of a global downturn in industrial output that is creating some slack in commodity markets. The Institute for Supply Management’s (ISM) manufacturing purchasing managers’ index fell below the 50-point threshold […]

BENGALURU, Jan 19 (Reuters) – Indian stocks opened lower on Thursday after weak U.S. economic data heightened recession worries, with persistent hawkish comments from U.S. Federal Reserve officials creating an aversion for risky assets. The Nifty 50 index

WASHINGTON, Jan 5 (Reuters) – President Joe Biden said on Thursday the U.S. economy was seeing “really bright spots” after a rough few years, and was headed to a “new plateau,” a new term for the stable, slower growth White House officials see ahead. While

Former Federal Reserve Chair Alan Greenspan said a US recession is the “most likely outcome” as the central bank tightens monetary policy to curb inflation.  While the last two monthly reports showed a deceleration in consumer-price increases, “I don’t think it will warrant a Fed reversal that is substantial enough to avoid at least a […]

In spite of the tumult of the past year, the U.S. economy is closing out 2022 in much the same condition it was in at the end of last year, with inflation running around 7%, an ultra-tight labor market and vibrant levels of consumer spending. But where it’s been over the past 12 months, and […]

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