Deutsche Bank predicts US recession in 2023 due to Fed rate hikes
An economic recession is on the horizon in the U.S. as the Federal Reserve makes an aggressive pivot to cool the hottest inflation in four decades, according to economists at Deutsche Bank.
Stagflation risks grow as Ukraine war fuels even higher inflation
The U.S. economy is at a mounting risk of spiraling into a 1970s-style stagflation crisis as the Ukraine-Russia war exacerbates already sky-high inflation, according to a new analysis.
Fed signals half-point interest rate hike 'appropriate' at future meetings
Most Federal Reserve officials agreed last month that surging inflation and a tight labor market could warrant a half-point interest rate hike as policymakers look to combat soaring prices.
Jamie Dimon warns US economy faces major risks from inflation, Russia-Ukraine war
JPMorgan Chase CEO Jamie Dimon warned in his annual shareholder letter that the U.S. economy faces a potential convergence of unprecedented risks in the year ahead that have him preparing for the worst.
Job gains surpass expectations in March: Here's what it means for interest rates
March showed a surge in job growth, surpassing economists' expectations. Here's what that could mean for the Fed's path for interest rates.
March jobs report likely solidifies a big Fed rate hike next month
The March jobs report revealed another month of robust hiring, likely solidifying the case for the Federal Reserve to pivot toward a mega-sized interest rate hike as it seeks to cool red-hot inflation.
Job growth jumps by 431,000 in March: Which industries saw the biggest payroll gains?
The U.S. economy added jobs at a healthy clip in March, with restaurants and bars leading the way in hiring despite concerns about a looming recession.
US economy facing 'a lot of challenges right now': Labor Secretary Marty Walsh
Labor Secretary Marty Walsh acknowledged on Friday, shortly after the department’s “strong” monthly jobs report was released, that currently there are “a lot” of economic challenges.
Final estimate reduces Q4 2021 GDP to 6.9%: Bureau of Economic Analysis
Fourth-quarter GDP decreased slightly from its previous estimate by the Bureau of Economic Analysis, but remains up significantly from the growth seen in the third quarter.
US economy sees solid job growth in March as payrolls jump by 431,000
U.S. job growth continued at a brisk clip in March, suggesting the labor market is still strong and that businesses are eager to fill a near-record number of open positions.
Key Fed inflation gauge jumps 5.4% in February, biggest gain since 1983
A key measure of annual inflation that is closely watched by the Federal Reserve is running at the hottest pace in nearly four decades.
Biden pushing more COVID relief but is silent on billions lost to fraud
President Biden is pushing Congress to approve another $22.5 billion in new emergency aid to combat COVID-19 – even as the White House remains quiet on the billions siphoned off by scammers from past relief measures.
Key part of yield curve inverts, blaring recession warning
A closely watched recession predictor in the bond market just flashed red, spurring fresh concern that the U.S. economy is on track for a downturn this year.
US companies add 455,000 jobs in March, ADP report shows
U.S. companies hired employees at a healthy clip in March, suggesting the labor market is still strong and that businesses are eager to fill a near-record of open positions, according to the ADP National Employment Report released Wednesday morning.
Job openings hover near record-high as more Americans quit their jobs in February
Americans continued to quit their jobs at an aggressive pace in February, underscoring how persistent turmoil in the labor market has made it difficult for employers to fill open positions.
Recession indicator flashes red as parts of yield curve invert for first time since 2006
One of Wall Street’s favorite indicators of an impending recession is flashing red, sparking fresh concern that the U.S. economy is on track for a downturn this year.
Russian steel giant on brink of debt default as sanctions hammer Moscow
A major Russian steel company is on the verge of default after Citigroup froze its debt payment.
Rising gas prices could cost American households $2,000 more this year
American consumers are grappling with the worst inflation in four decade, and more economic pain could be coming.
Most Americans seeing effects of inflation, survey claims, with many not expecting any relief
Most Americans are reporting seeing the effects of surging inflation, according to a new survey, and many are cutting back on spending in certain areas.
US durable goods orders slip in February, marking first decline in 5 months
Orders at U.S. factories for long-lasting goods fell more than expected in February, snapping a months-long streak of increases and business investment as manufacturers confronted a worsening supply chain crisis.


















