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Comment on this story Comment Americans are super gloomy about higher prices, but they just keep spending. That’s the upshot of two new snapshots of the economy out Friday that reinforce how inflation remains the top problem for the economy, leaving a lot of work for policymakers seeking to bring prices down.

HONG KONG, July 14 (Reuters) – Asian shares were pinned at two-year lows on Thursday after white-hot U.S. inflation data drove fears the Federal Reserve will raise interest rates even more aggressively, which boosted the safe haven dollar. Underscoring how inflation pressures are also hitting Asia, both the Monetary Authority of Singapore and the Bangko […]

NEW YORK, July 7 (Reuters) – Growing worries about a potential recession in the United States are tempting some investors back into the Treasury market, despite bruising declines in U.S. government bonds throughout the first half of 2022. Surging U.S. inflation and rising interest rates have dulled the allure of Treasuries this year, dealing bond […]

NEW YORK, July 6 (Reuters) – A rally in U.S. energy shares is crumbling, as fears of a global recession have prompted investors to take profits in one of the few corners of the stock market that has thrived this year. The S&P 500 energy sector

NEW YORK, July 1 (Reuters) – Concerns about a possible U.S. recession are prompting some fund managers to rotate back into the big tech and growth winners of the last decade in the hope that they can better weather an economic storm. Many stalwarts like Microsoft Corp

A picture illustration shows U.S. 100 dollar bank notes taken in Tokyo August 2, 2011. REUTERS/Yuriko Nakao Register now for FREE unlimited access to Register June 30 (Reuters) – A U.S. recession over the next 12 months is “probably more likely than not”, PIMCO’s global chief investment officer for fixed income Andrew Balls said […]

That’s because, in the United States, the economy isn’t broadly and officially considered to be in a recession until a relatively unknown group of eight economists says so. There is a clear lack of racial diversity amongst the eight members, who are experts in macroeconomics and business cycle research. Each is over 60 years old, […]

Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Bitcoin 2022 conference in Miami, Florida, U.S., on Thursday, April 7, 2022. Eva Marie Uzcategui | Bloomberg | Getty Images Ark Invest CEO Cathie Wood said Tuesday that the U.S. is already in an economic downturn, and she admitted that she underestimated […]

TOKYO, June 23 (Reuters) – Japan’s factory activity growth slowed to a four-month low in June as China’s COVID-19 curbs disrupted supply chains, while many other economies in Asia were also facing headwinds amid growing risks to the outlook from a potential U.S. recession. Australia’s manufacturing activity held steady this month, data showed on Thursday […]

From left, Bazaar Los Angeles co-founders Imani Watts and Alexandria Hadley. Bazaar Los Angeles Black businesses were slammed by the pandemic-induced recession of 2020. Although they bounced back fairly strongly in 2021–according to research by Robert Fairlie, a professor at University of California, Santa Cruz–many Black . . .

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