recession - Page 9

The government said on Thursday that the economy shrunk more in the first quarter than it initially estimated.

The latest evidence that U.S. factory activity is contracting in May.

Soaring food, gas, and rent prices, supply chain blockages, summer power blackouts, and inflation on the up. President Joe Biden chose to ignore these key economic indicators Monday when he blithely assured the nation a U.S. recession is “not inevitable.”

National Economic Council Director Brian Deese said Sunday on CNN’s “State of the Union” that there was a risk of the United States falling into an economic recession. Anchor Dana Bash said, “Yes or no, is the U.S. falling into

On Friday’s broadcast of MSNBC’s “Morning Joe,” Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, said that the Federal Reserve will have to raise interest rates “to 5, 6%, maybe higher,” to get inflation

An overwhelming majority of Americans are expecting there to be a recession within the next year, according to a Quinnipiac University poll released Wednesday.

Appearing Wednesday on CNBC’s Squawk Box, Goldman Sachs CEO David Solomon said his bank is warning clients of a possible recession.

Appearing on CBS’s Face the Nation, former Goldman Sachs CEO Lloyd Blankfein warned the United States could plunge into a recession. 

The Empire State manufacturing survey unexpectedly lurched into negative territory.

On Thursday’s broadcast of CNN International’s “First Move,” Professor of Public Policy and Professor of Economics at Harvard University Ken Rogoff said that inflation in the United States is “just way too high. It’s not getting under control.” And predicted that

Britain’s economy grew at the slowest pace in a year during the first quarter, raising concerns the country may be headed for a recession.

Inflation and recession worries are holding back small businesses in the U.S.

The faith of the followers of Fed Chairman Jerome Powell is fickle. Thursday’s massive stock sell-off completely erased all of Wednesday’s Powell-inspired gains and then some.

In the wake of Federal Reserve Chairman Jay Powell’s announcement that interest rates would be raised by 0.5%, Fox Business Network host Larry Kudlow on Thursday warned that the U.S. economy was “in trouble.”

Florida Gov. Ron DeSantis (R) said on Wednesday there is a “very good chance” that President Biden’s administration “plunges this country into a recession.”

Appearing Monday on CNBC, Roger Ferguson, former Federal Reserve vice chairman, warned that a recession is “almost inevitable.” 

The recession is expected to start in the second half of 2023.

On Friday’s broadcast of the Fox News Channel’s “America’s Newsroom,” Economics Professor at the University of Chicago Booth School of Business Austan Goolsbee, who served as Chairman of the Council of Economic Advisers under President Barack Obama, said that it

If we had not already quoted old Tom Eliot on the alleged cruelty of April, we would certainly be tempted to do so again after Friday brought the April sell-off to such a crescendo.

On Thursday’s broadcast of the Fox News Channel’s “Ingraham Angle,” Florida Gov. Ron DeSantis (R) stated that President Joe Biden will “plunge this country into a recession,” because money spent “to bail out the blue states” has caused inflation, which

The experts have been telling us for months that the economy was doing extraordinarily well once you look past the little problem of inflation. The American people weren’t buying it. And today’s Bureau of Economic Analysis revealed that the people were right.

On Thursday’s broadcast of CNN’s “The Lead,” CNN host Richard Quest stated that while the White House “tried to spin” the negative first-quarter GDP numbers “as a one-off, they cannot ignore the fact that more and more private economists…are now

Appearing Thursday on the Fox Business Network, Harvard University professor Kenneth Rogoff, who served as former chief economist at the International Monetary Fund (IMF), warned that the odds of the United States falling into a recession are “at least 50/50.”

“President Joe Biden has tried to shift blame for the spike in gasoline prices, but most voters aren’t buying his excuses,” writes Rasmussen Reports.

On Tuesday’s broadcast of CNN’s “Don Lemon Tonight,” economist, Harvard Professor, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers said that inflation will not “get that close to the

On Friday’s broadcast of Bloomberg’s “Wall Street Week,” Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, stated that history “is not on the side” of a soft landing that brings inflation under control without

The Biden administration is trying to blame Russian President Vladimir Putin for the country’s economic woes, but it is President Biden who may plunge America into a recession, Florida Gov. Ron DeSantis (R) said on Thursday. 

The notion that the March Consumer Price Index marked peak inflation was dealt a sharp blow by the Federal Reserve’s Beige Book on Wednesday.

German citizens will likely see price hikes persist for up to a decade as the country is facing a potential recession amid rampant inflation.

On Monday’s broadcast of Bloomberg’s “Balance of Power,” White House Council of Economic Advisers member Jared Bernstein said that while he doesn’t want to give the probability of a recession, Goldman Sachs’ projection that there’s a 35% chance of a

A ‘sharp recession’ lies ahead for Germany should it be cut off from the Russian gas it is so badly addicted to.

During an interview aired on Friday’s edition of Bloomberg’s “Wall Street Week,” economist, Harvard Professor, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers said that recession risks “are going

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

The arrival of yet another blowout jobs report sent yields on U.S. government bonds rising on Friday—and inverted the yield curve again.

On Friday’s broadcast of CNN’s “The Lead,” Moody’s Analytics Chief Economist Mark Zandi warned that, even in light of the March jobs report, an economic “misstep is a high probability” and the risk of a recession is “one in three,

A key market gauge of the risk of future recessions flashed a warning signal on Thursday afternoon.