recession

The recession was supposed to have begun by now.Last year, as policymakers relentlessly raised interest rates to combat the fastest inflation in decades, forecasters began talking as though a recession — economic contraction rather than…

Treasury Secretary Janet Yellen said China’s economic slowdown risks causing ripple effects across the global economy, though she doesn’t expect a recession in the US.“Many countries do depend on strong Chinese growth to promote growth in…

Some investors believe that a recession warning that has been flashing on Wall Street for the past several months is wrong and that the Federal Reserve will be able to tame inflation and still escape a deep downturn.The signal — called the…

Last Updated: July 11, 2023, 01:31 ISTNew York, United States of America (USA)A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 19, 2021. (Reuters/File Photo)Wall Street…

U.S. job openings slipped in May but remained at levels high enough to illustrate that the American labor market remains resilient in the face of sharply higher interest rates.Employers posted 9.8 million job vacancies, down from 10.3…

Artificial intelligence (AI) and the risk of a recession are expected to be hot topics of discussion among financial professionals and investors during July 4 cookouts and similar gatherings, according to Markets live pulse survey by…

NEW YORK: The Dow and the S&P 500 advanced on Thursday as bank shares rallied after major lenders cleared the Federal Reserve's annual stress test, while strong economic data stoked expectations of further interest rate hikes from the…

WASHINGTON: The warnings have been sounded for more than a year: A recessionis going to hit the United States. If not this quarter, then by next quarter. Or the quarter after that. Or maybe next year.So is a recession still in sight?The…

Michael Barr, Vice Chair for Supervision at the Federal Reserve, testifies about recent bank failures during a US Senate Committee on Banking, House and Urban Affairs hearing on Capitol Hill in Washington, DC, May 18, 2023.Saul Loeb | AFP |…

U.S. stocks advanced in a broad rally on Tuesday, and the dollar softened as robust economic data eased recession fears and stoked investors’ risk appetite.All three major U.S. stock indexes closed well into positive territory, with…