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The Fed has said it won’t hesitate to keep interest rates high, for as long as it takes to drive down inflation. With the US central bank preparing to show it won’t flinch in its resolve to lower prices, the process is unlikely to be smooth. If it raises rates by too much, the economy […]

“Technically we are in a recession when you look at just the basic definition of two quarters of GDP contraction,”​ and while consumer spending might not yet fully reflect this shift, they are starting to tighten their purse strings, Nik Modi, managing director at RBC Capital Markets told attendees last week during a webinar hosted […]

Confused about whether the U.S. is in a recession? One should be. The United States’ National Bureau of Economic Research (NBER) has not declared that there is a recession officially even though the old definition most economists use – which is two quarters of contracting GDP growth – indicates the U.S. is in one as […]

Salary budgets for U.S. employees are projected to increase in 2023, mainly influenced by a labor market with more open jobs than people to fill them and inflation’s impact on employees’ pay expectations, despite signs that the economy is slowing. Consultancy WTW’s July Salary Budget Planning Report found that companies are budgeting an overall average […]

With 2 consecutive quarters of negative growth, is the U.S. in a recession?  NPR Source link

Comment on this story Comment The U.S. economy shrank again for a second straight quarter, at a 0.9 percent annual rate, which has often signaled a recession. The new figures, released Thursday by the Bureau of Economic Analysis, come at a tumultuous time for the economy, though economists disagree on the likelihood of . . […]

NEW YORK, July 27 (Reuters) – Several U.S. distressed debt asset managers are in fundraising talks with investors to boost their firepower, anticipating that a recession will create more opportunities to snap up and profit off troubled companies’ debt, according to multiple sources. Investment firms including Oaktree Capital Management, GoldenTree Asset Management, Monarch Alternative Capital […]

Carpenters work on building new townhomes that are still under construction while building material supplies are in high demand in Tampa, Florida, U.S., May 5, 2021. REUTERS/Octavio Jones Register now for FREE unlimited access to Register NEW YORK, July 25 (Reuters) – With the Federal Reserve set to jack up interest rates again this […]

What some are calling Joe Biden’s “moment of truth” on the economy comes this week, with a number of key data indicators likely to paint a bleak picture for the president as Congress heads for summer recess and the midterm elections loom ever larger. That’s why treasury secretary Janet Yellen and other White House figures […]

U.S. Treasury Secretary Janet Yellen speaks during a news conference, ahead of the G20 Finance Ministers and Central Bank Governors Meeting, in Nusa Dua, Bali, Indonesia, July 14, 2022. Made Nagi/Pool via REUTERS/ Register now for FREE unlimited access to Register WASHINGTON, July 24 (Reuters) – U.S. Treasury Secretary Janet Yellen said on Sunday […]

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