Bank of America analysts slash S&P 500 projection as 'specter of recession' looms
The S&P 500 just suffered its worst April performance since 1970, plunging into its second correction of the year — now, many experts are lowering their projection for the index this year.
Supply chain issues worsening, report says, pushing inflation higher: How your wallet could be impacted
Supply chain issues are pushing inflation higher, according to a report, and could soon push interest rates up.
How China is helping to fuel record-high inflation
Supply chain constraints, government spending and consumer demand have pushed inflation in the U.S. to the highest level in 40 years – but geopolitical elements are also fueling rising prices.
Biden's student loan forgiveness plan: Breaking down the cost
President Biden this week revived the possibility of wiping out millions of Americans' student loan debt with the stroke of a pen, a policy that could cost the federal government $321 billion.
Worried about a recession? Wells Fargo says to watch for this telltale sign
With the Federal Reserve taking an increasingly hawkish approach to tackling the hottest inflation in 40 years, an increasing number of Wall Street banks are forecasting an economic recession in coming years.
What is a recession, and should Americans be worried?
A growing number of Wall Street banks are forecasting an economic recession in coming years as a result of the Russian war in Ukraine, red-hot inflation and an increasingly hawkish Federal Reserve.
US economy unexpectedly shrinks 1.4% in first quarter of 2022: Is a recession looming?
The economy shrunk in the first quarter this year, but interest rates will likely continue to rise.
Grim GDP report undercuts Democrats' midterm messaging
The latest Gross Domestic Product (GDP) numbers out Thursday are poised to hamper Democrats' key argument heading into the midterm elections that the U.S. economy has rebounded from the dark days of the coronavirus pandemic.
US economy on brink of 'major recession,' Deutsche Bank warns
Deutsche Bank economists are doubling down on their prediction, forecasting a severe recession within the next two years as the Federal Reserve moves to tame the hottest inflation in four decades with a series of mega interest rate hikes.
US economy shrank 1.4% at beginning of 2022, marking worst quarter in 2 years
The U.S. economy cooled markedly in the first three months of the year, as snarled supply chains, record-high inflation and labor shortages weighed on growth and slowed the pandemic recovery.
US economic growth may hit the skids
The U.S. economy likely slowed to a crawl during the first three months of the year, dampened by a record U.S. trade deficit and slower inventory growth after a very strong finish at the end of 2021.
As inflation soars, Americans' confidence in the economy is crumbling: poll
Americans are quickly losing confidence in the U.S. economy, according to a new survey published this week, reflecting heightened concerns among consumers about sky-high inflation and the rising price of everyday goods.
Persistently high food, energy prices could lead to stagflation, World Bank warns
The Russian war in Ukraine has sent the global cost of food and energy soaring, and costs are expected to remain elevated in the coming three years, the World Bank said in a grim economic forecast this week.
Collapsing trucker demand could foreshadow looming recession
A Bank of America gauge that tracks truckload demand fell for the fourth consecutive month to its lowest level since June 2020, near recession levels.
US durable goods orders inch up 0.8% in March
Orders at U.S. factories for long-lasting goods rose less than expected in March, as manufacturers confronted a worsening supply chain crisis that continued to weigh on business investment.
Workers changing jobs are receiving massive pay increases, analysis shows
Americans who switched jobs this year are often receiving double-digit pay increases, according to a new survey, underscoring how a tight labor market has empowered workers – and fueled inflation.
Surging inflation squeezing small businesses, Goldman Sachs survey shows
Soaring inflation and snarled supply chains are crushing small businesses that are struggling to maintain their bottom line and retain workers, according to a new survey published by Goldman Sachs.
Top Russian bank official says country still to face real impact of sanctions
The Russian economy achieved some stability and recovered the value of its currency, but the ever-changing economic landscape indicates the real crunch is yet to strike.
One of Biden's favorite economists sees a high chance of recession in next 2 years
More and more economists are beginning to forecast a U.S. recession in the next two years as the Federal Reserve moves to rein in the hottest inflation in a decade – including one who is frequently cited by the Biden administration.
Has inflation peaked in the US?
Inflation is running at the hottest pace in more than four decades, and consumer prices could march even higher before they begin to subside.



















