US, other G7 countries to acknowledge challenges posed by China
This post was originally published on this sitePresident Biden and U.S. allies will release a collective statement on Tuesday acknowledging challenges posed by China on workers, companies and national security, the White House announced at the Group of Seven (G7) Summit. The statement from countries representing more than 50 percent...
Stock futures rise slightly after a major comeback week for equities
This post was originally published on this site Traders on the floor of the NYSE, June 15, 2022. Source: NYSE U.S. stock futures edged higher on Monday morning after a major rebound last week from steep declines this year. Despite the rebound, Wall Street is preparing to wrap up...
What is a recession? Your economy questions, answered.
This post was originally published on this siteFor nearly two years, the U.S. economy has notched blockbuster gains, with millions of new jobs and wage hikes adding to the streak of good news. But now economists are bracing for a cool-down.
Is it too late to prevent a recession? Here’s what experts say
This post was originally published on this siteRecession odds are growing as investors fear the Fed’s interest rate hikes will be too fast and too big, bringing the economy to a screeching halt.
The US Economy Is Headed for a Hard Landing
This post was originally published on this siteA recession is coming within 12 to 18 months as the Fed focuses on curbing inflation.
Economists look past the Fed to fight inflation
This post was originally published on this siteEconomists are looking beyond the Federal Reserve and thinking outside the box of monetary policy for ideas on how to fight inflation. With gas prices soaring, they are focusing largely — though not exclusively — on the energy industry and are increasingly coming...
US recession not ‘inevitable,’ Treasury secretary says
This post was originally published on this site A recession in the United States is not “inevitable” but the economy is likely to slow, Treasury Secretary Janet Yellen said Sunday, days after the US Federal Reserve hiked interest rates, raising fears of a contraction. “I expect the economy to slow”...
Here’s everything the Fed is expected to announce, including the biggest rate hike in 28 years
This post was originally published on this site US Federal Reserve Chairman Jerome Powell speaks during a press conference in Washington, DC on May 4, 2022. jim watson | AFP | Getty Images On Wednesday, the Federal Reserve is expected to do something it hasn’t done in 28 years:...
Seven ways you can financially prepare for a recession
This post was originally published on this siteHere are seven tips to protect yourself whether a recession is coming or not.
S&P 500 heads toward bear market amid global stock sell-off
This post was originally published on this siteInvestors are rattled by higher-than-expected inflation data ahead of the Federal Reserve board’s two-day meeting.
