recession

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RIYADH, Oct 25 (Reuters) – JPMorgan Chase & Co’s Chief Executive Jamie Dimon said on Tuesday that the geopolitics of the world today are more concerning than a possibility of a recession in the United States. Speaking at a conference in Riyadh, Dimon said the conflict between Russia and Ukraine, geopolitics between the United States […]

(Reuters)—U.S. business activity contracted for a fourth straight month in October, with manufacturers and services firms in a monthly survey of purchasing managers both reporting weaker client demand, the latest evidence of an economy softening in the face of high inflation and rising interest rates. S&P Global said on Monday its flash U.S. Composite PMI […]

NEW YORK, Oct 18 (Reuters) – The United States may tip into a recession next year, but it is possible that inflation can be tamed without causing too much economic pain, Goldman Sachs Chief Executive Officer David Solomon told Reuters. “There’s a reasonable chance of a recession in the U.S., but it’s not certain,” Solomon […]

Dollar dips as UK budget U-turn improves market sentiment U.S. Permian oil production forecast to hit record in Nov -EIA Oct 18 (Reuters) – Oil prices steadied in early Asian trade on Tuesday as a weaker U.S. dollar lent support, although rising shale production and fears . . .

As banks and international financial organizations warned of the possibility of a global recession, President Biden said he does not foresee one in the United States, but he acknowledged the prospect of a minor downturn. “I don’t think there will be a recession,” Biden

Oct 11 (Reuters) – The six biggest U.S. banks are expected to have set aside nearly $5 billion in the third quarter to cover future loan losses, Wall Street analysts said, as lenders brace for a potential global recession. Profits at big banks got a boost last year as they released funds reserved for potential […]

The United States is facing rising recession fears as the Federal Reserve, the country’s central bank, remains bullish in fighting high inflation and officials increasingly talk about the need to impose some economic pain to get price pressures under control, several economists told Al Jazeera. “There’s still a good amount of strength in the labour […]

(The Hill) – Mohamed El-Erian, Allianz’s chief economic adviser, said on Sunday that the U.S. is heading toward a recession that was “totally avoidable” amid ongoing concerns about inflation and economic stability.  “I fear that we risk a very high probability of a damaging recession that was totally avoidable,” El-Erian

(The Hill) – Mohamed El-Erian, Allianz’s chief economic adviser, said on Sunday that the U.S. is heading toward a recession that was “totally avoidable” amid ongoing concerns about inflation and economic stability.  “I fear that we risk a very high probability of a damaging recession that was totally avoidable,” El-Erian

Washington CNN  —  Former US Treasury Secretary Larry Summers said Thursday it’s “more likely than not” the US will enter a recession, calling it a consequence of the “excesses the economy has been through.”


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