recession
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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 […]
NEW YORK, Dec 30 (Reuters) – Just over half of the 50 U.S. states are exhibiting signs of slowing economic activity, breaching a key threshold that often signals a recession is in the offing, new research from the St. Louis Federal Reserve Bank report said. That report, released Wednesday, followed another report from the San […]
Tesla gains 3.3% in choppy trade Southwest Airlines slips 5.2% on government scrutiny Indexes down: Dow 1.1%, S&P 500 1.20%, Nasdaq 1.35% Dec 28 (Reuters . . .
NEW YORK, Dec 28 (Reuters) – U.S. stock investors could not be more eager to turn the page on 2022, a brutal year dominated by market-punishing Federal Reserve rate hikes designed to tamp down the steepest inflation in 40 years. The S&P 500
As the new year approaches, there are fears of recession in many of the world’s top economies, including the United States, the biggest and most consequential of all. The US does look headed for a recession — a key pointer is the inversion of US treasury yields. What is a recession, to begin with? A […]
BENGALURU, Dec 20 (Reuters) – Indian shares are set to open lower on Tuesday on recession fears in the U.S. and a surge in COVID-19 cases in China, which has offset optimism over loosening strict pandemic restrictions. India’s NSE stock futures listed on the Singapore exchange were down 0.21% at 18,447.50, as of 7:07 a […]
WASHINGTON (AP) — After scaling 40-year highs, inflation in the United States has been slowly easing since summer. Yet the Federal Reserve seems decidedly unimpressed — and unconvinced that its fight against accelerating prices is anywhere near over. On Thursday, stock markets buckled on the growing realization that the Fed may be willing to let […]
Nucor Corp., the largest US steelmaker, warned shareholders that recession concerns could impact demand as it looks ahead into the new year. The Charlotte, North Carolina-based producer said its steel mills business will report “considerably” lower earnings in the fourth quarter due to lower shipments, also noting that average selling prices are down. Nucor, which […]
By Rae Wee SINGAPORE, Dec 9 (Reuters) – The dollar retreated on Friday as worries over a slowdown in the United States mounted, with traders on guard ahead of a slew of central bank meetings next week, with the Federal Reserve taking centre stage. Against the greenback, the euro rose 0.25% to $1.0581, edging toward […]