recession - Page 8

Federal Reserve Chairman Jerome Powell said that the U.S. economy is “in pretty strong shape” as Americans face record inflation.

Inflation-adjusted spending and income fell in May, raising concern that the post-pandemic economic recovery may have already run out of steam.

On Wednesday’s broadcast of CNBC’s “Closing Bell,” Sen. Rob Portman (R-OH) reacted to revised GDP numbers for the first quarter of 2022 showing the economy shrank more than previously thought by stating he thinks we will probably see a recession

Appearing Tuesday on CNBC’s Squawk Box, Ark Invest CEO Cathie Wood stated the United States is currently in recession as concerns regarding the economy grow. 

Economic contractions can be hidden beneath inflation. You might have a recession that no one notices until you are already months into it.

The economy is on a path to contracting in the third quarter, according to the chief business economist at SP Global Market Intelligence.

Powell signaled that the Fed is willing to risk a recession in order to tame inflation.

On Tuesday’s broadcast of the Fox Business Network’s “Mornings with Maria,” Rep. Greg Murphy (R-NC) stated that inflation will increase due to states spending unallocated coronavirus relief funds and that due to people cutting spending on dispensible goods due to

Appearing Tuesday on the Fox Business Network, Stephen Schork, principal of The Schork Group, painted a bleak picture of the U.S. economy. 

When asked about a possible recession in the United States economy, White House press secretary Karine Jean-Pierre praised the president for his economic agenda.

On Monday’s broadcast of the Fox News Channel’s “Your World,” House Majority Whip Rep. James Clyburn (D-SC) stated that there isn’t any question that “for a lot of people,” we are already in a recession and that “If you can’t

President Joe Biden snapped at a reporter Monday after she asked about fears of an economic recession.

The New York Fed’s economic model sees the economy contracting this year and next year.

The White House’s newest economic catchphrase to blunt the force of a potential recession in 2023 is to tell the American people that it is not “inevitable.”

During an interview aired on Friday’s broadcast of Bloomberg’s “Wall Street Week,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers argued that “the central tendency” of

Senior Adviser to President Joe Biden Gene Sperling responded to a survey showing that a majority of CEOs expect a recession in the next 18 months by stating that “we think that too many people are not looking at the more reassuring elements of resilience in this economy right now and they’re not realizing that the American Rescue Plan put a historic number of people back to work.”

Bank of America sees growth falling to near zero in the back half of next year and a 40 percent chance of a recession.

A huge drop in manufacturing of electronics, appliances and home furniture sent output sinking while high energy prices drain demand from the rest of the economy.

The annual tech and media symposium that Allen & Co. organizes at the Sun Valley Resort has been described as a “summer camp for billionaires.” This year it might seem a bit like a week at Easter Lake, the fictional summer camp repeatedly plagued by a hockey-masked serial killer named Jason.

During an interview aired on Thursday’s broadcast of the Fox Business Network’s “Kudlow,” House Minority Leader Rep. Kevin McCarthy (R-CA) stated that he believed “we’re in a recession.”

President Joe Biden acknowledged Thursday in a new interview that people were not happy under his administration, as they were fighting historically high inflation and record-high gas prices.

Almost six in ten American manufacturers believe ongoing inflation will lead to a recession in the United States, a new survey from the National Association of Manufacturers (NAM) finds.

The outlook turned negative for the first time since December 2008, when the national economy was deep in the financial crisis.

The New York Fed’s barometer of manufacturing sector activity in New York produced a negative reading for the second month in a row.

Crypto trading platform Coinbase will cut 18 percent of its staff with CEO Brian Armstrong warning of a worldwide recession and the possibility of a “crypto winter.”

The average wage for British workers is falling at the fastest rate on record, as inflation has wiped out gains in salary and bonuses.

The Federal Reserve Bank of New York’s monthly survey of U.S. households indicates a dramatic turn for the worse in both current conditions and expectations for the year ahead.

Former Treasury Secretary Lawrence Summers said Sunday on CNN’s “State of the Union” that the United States was “more likely than not” to have a recession within the next two years.

During Sunday’s broadcast of CNN’s “State of the Union,” former Treasury Secretary Lawrence Summers said that “banana Republicans” and the events of January 6, 2021 had contributed to the inflation underway in the U.S. economy.

Two-thirds think the recession hits in the first half of next year. The rest say it will hit in the second half. None believe a recession can be avoided.

Cassandra’s forecasts about the destruction of Troy turned out to be as accurate Republican forecasts about our current economic turmoil, but neither were believed by the powers-that-be.

The country’s economy will worsen, warned billionaire businessman, supermarket chain owner, and radio talk show host John Catsimatidis, who claimed a recession is completely avoidable as he blamed the Biden administration for refusing to “open up the spigots” and allow America to power itself.

China’s state-run Global Times on Sunday frantically tried to convince foreign investors that now is the “right time to bet on China” – right after the Communist government demonstrated it will not hesitate to wipe out billions of dollars in value by turning key cities like Shanghai into coronavirus prison camps at the drop of a hat.

We have to wonder if someone at the White House is thinking that if you’ve lost Cardi B, you’ve lost America.

“When y’all think they going to announce that we going into a recession?” Cardi B wrote Sunday in a tweet, which has since garnered more than 120,000 likes, and over 16,000 retweets.

A majority of independents and Republicans, as well as a plurality of Democrats, say the U.S. economy is in a recession.