Has the US ALREADY spiraled into recession? Real-time Federal Reserve economic growth tracker suggests country is now in a slump amid soaring inflation and spiking interest rates
The Federal Reserve Bank of Atlanta's GDP tracker recorded a 2.1 percent drop in the nation's GDP on Thursday, marking another quarter of declines It suggests the US is in a recession, which is identified when GDP falls over two successive quarters in a period of economic decline across the board
Raging US inflation is FAR WORSE than we're being told: If the government calculated price increases the same way it did in the 1980s, we'd ALREADY be in Jimmy Carter territory, write former restaurant empire CEO ANDY PUZDER and ex-senator JIM TALENT
Andy Puzder is a former CEO of CKE Restaurants, chairman of 2ndVote Value Investments, Inc., and a senior fellow at the America First Policy Institute. Jim Talent is a former U.S. senator from Missouri and the Chairman of the Reagan Institute's National Leadership Council The outlook for the U.S. economy is bad and potentially getting worse.
Key inflation gauge tracked by the Fed remains a high 6.3%
A measure of inflation that is closely tracked by the Federal Reserve rose 6.3% in May from a year earlier, unchanged from its level in April A measure of inflation that is closely tracked by the Federal Reserve rose 6.3% in May from a year earlier, unchanged from its level in April.
The case for strong and silent central banks
The second in our series on e central-bank pivot L 13th, a curious article appeared in the Wall Street Journal. It said that the Federal Reserve was “likely to consider” raising interest rates by 0.75 percentage points at its meeting on June 15th. The article was unusually silent about its sources.
Federal Reserve Chair Jerome Powell admits 'we now understand better how little we understand about inflation' and insists 41-year high prices were 'unpredicted'
'I think we now understand better how little we understand about inflation,' the chair divulged at the European Central Bank (ECB) Forum in Sintra, Portugal 'This was unpredicted' 'That's not very reassuring,' quipped Bloomberg TV's Francine Lacqua Powell said that there is 'no guarantee' the central bank can tame runaway inflation without hurting the job market
Powell: 'No guarantee' Fed can tame inflation, spare jobs
Federal Reserve Chair Jerome Powell said there’s “no guarantee″ the central bank can tame runaway inflation without hurting the job market Federal Reserve Chair Jerome Powell said there's “no guarantee'' the central bank can tame runaway inflation without hurting the job market. Speaking Wednesday at a European Central Bank forum in Sintra, Portugal, Powell repeated his hope that the Fed can achieve a so-called soft landing — raising interest rates just enough to slow the economy and rein in surging consumer prices without causing a recession and sharply raising the unemployment rate.
Why the UK is in a race to outrun persistent inflation
Those enjoying strawberries and cream beneath their plastic ponchos at Wimbledon this year may be unaware that they are taking part in an act of economic nostalgia. The cost of producing strawberries has risen by 80 per cent in the past two years, but at Wimbledon they will be sold for £2.50 a punnet – the same price as they were in 2010.
Recession keeps popping up in the commentaries here, in the US and in Europe - but we don't have to fear the R-word, says HAMISH MCRAE
After the mayhem in the markets there has been a week of calm. The American markets have clawed back a bit of their losses this year, and the Footsie – which had not fallen nearly so far – has settled well above 7,000. But it is an uneasy calm.
3 reasons to buy Lloyds shares at 43p
Lloyds (LSE: LLOY) shares have been in a steady downtrend in 2022 since touching a 52-week high of 56p at the beginning of the year. With the Lloyds share price currently at 43p, here’s why I think now could be a great time to add some more shares in this FTSE 100 bank to my portfolio.
IMF chief Kristalina Georgieva - who earns a $500,000 TAX-FREE salary - says US recession would be a 'necessary price' to defeat inflation as lender slashed its growth forecast from 2.9% to 3.7%
The International Monetary Fund said in a report on Friday the United States is on course for a recession But Managing Director Kristalina Georgieva said a recession would be 'a necessary price to pay' to defeat damaging inflation The IMF slashed its US growth forecast to 2.9 percent from the 3.7 percent forecast in April, which was cut from the rate predicted at the start of the year
Fed Chair Jerome Powell warns that government debt is on an 'unsustainable path' and admits that he 'underestimated' the threat of inflation for much of last year
Powell testified before Congress for the second day in a row on Thursday He admitted that the Fed underestimated the threat of inflation last year Warned that federal debt growing faster than the economy is 'unsustainable' Said that a recession is possible as the Fed raises rates to fight inflation
Do bear markets herald a recession?
What is City Talk? City Talk allows marketers to connect directly with our audience by publishing content on cityam.com We look back over more than 100 years of data to ask what this week’s severe market moves might signal for the economy. After hitting an all-time high at the start of the year, the S&P 500 has plunged into bear territory this week.
January 6 hearings resume as FBI expands investigation into fake electors plot – live
Good morning, US politics blog readers. Washington will once again start its day on tenterhooks ahead of the supreme court’s release of decisions at 10am eastern time, in which the justices could announce major changes to abortion rights as well as gun and environmental regulations.
FTSE 100 Live: Public finances hit by surge in debt costs, oil below $110
Economy fears weaken FTSE 100, JD Sports upturn continues A recession warning from Federal Reserve boss Jerome Powell put markets under fresh strain today as traders also digested weak figures from Europe’s economy. Powell made it clear at a Senate hearing yesterday that interest rates will continue to rise, and at an accelerated pace, until compelling evidence that inflation is beginning to wane.
Asian stocks higher after Wall St declines on growth worries
Asian stock markets are mostly higher after the Federal Reserve chairman said the U.S. central bank wants to avoid causing a recession but one is possible as it raises interest rates to cool surging inflation Asian stock markets were mostly higher Thursday after the Federal Reserve chairman said the U.S. central bank wants to avoid causing a recession but one is possible as it raises interest rates to cool surging inflation.
Biden called on oil companies to lower the cost of gas, arguing the nation is in a 'time of war'
'To the companies running gas stations and setting those prices at the pump, this is a time of war, global peril, Ukraine, this is not normal times. Bring down the price you are charging at the pump,' Biden said 'Do it now,' he called on gas companies
Federal Reserve Chairman Jerome Powell wants to 'get back' to the Trump era of low inflation and rising wages. Here's how America can do it, write former restaurant empire CEO ANDY PUZDER and ex-senator JIM TALENT
Andy Puzder is a former CEO of CKE Restaurants, chairman of 2ndVote Value Investments, Inc., and a senior fellow at the America First Policy Institute. Jim Talent is a former U.S. senator from Missouri and the Chairman of the Reagan Institute's National Leadership Council 'The labor market we had before the pandemic... that's what we want to get back to.'
Fed chief vows to keep raising rates until ‘compelling evidence’ of falling inflation
Senator Elizabeth Warren criticizes the Fed’s rate moves, expressing fear that rate hikes will ‘drive this economy off a cliff’ The Federal Reserve will keep raising rates until it sees “compelling evidence” that inflation is coming down, the Fed chair, Jerome Powell, told Congress on Wednesday.