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Tag: economic predictions

The odds of recession are rising, but the US economy is not doomed to a downturn

Posted on June 17, 2022 By admin No Comments on The odds of recession are rising, but the US economy is not doomed to a downturn
The odds of recession are rising, but the US economy is not doomed to a downturn

High inflation and rising interest rates are slamming the brakes on US growth, economists say, but there’s still a narrow chance to avoid a second recession in three years. The outlook is not looking good, to be sure. The economy shrank in the first quarter for the first time since the onset of the pandemic….

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Investment

Opinion: The Fed’s new outlook shows that it’s still in a fantasy land

Posted on June 16, 2022 By admin No Comments on Opinion: The Fed’s new outlook shows that it’s still in a fantasy land
Opinion: The Fed’s new outlook shows that it’s still in a fantasy land

The Federal Open Market Committee’s perceptions are moving closer to reality, but members still believe they can achieve a miracle: stamping out high inflation without pushing the economy into a recession. Before its latest policy announcement on June 15, the policy-setting FOMC projected the federal funds rate would rise to 2% by yearend; Now it…

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Investment

Americans have not felt this gloomy about their finances since the Great Recession: ‘I walk every day just to get out of my head and try to stay healthy. Otherwise, it’s just nonstop worrying ‘

Posted on June 8, 2022 By admin No Comments on Americans have not felt this gloomy about their finances since the Great Recession: ‘I walk every day just to get out of my head and try to stay healthy. Otherwise, it’s just nonstop worrying ‘
Americans have not felt this gloomy about their finances since the Great Recession: ‘I walk every day just to get out of my head and try to stay healthy.  Otherwise, it’s just nonstop worrying ‘

The Human Cost is a new MarketWatch column looking at the toll world events have taken on people’s lives. Colleen Champagne, 65, a Dallas-based retiree, says she can’t bring herself to discover how her retirement accounts have performed lately. “I can’t even look at my portfolio,” she told MarketWatch. “I have a pension from my…

Read More “Americans have not felt this gloomy about their finances since the Great Recession: ‘I walk every day just to get out of my head and try to stay healthy. Otherwise, it’s just nonstop worrying ‘” »

Investment

Fink, Dimon and Musk have the blues. And one forecaster says they’re not gloomy enough

Posted on June 3, 2022 By admin No Comments on Fink, Dimon and Musk have the blues. And one forecaster says they’re not gloomy enough
Fink, Dimon and Musk have the blues.  And one forecaster says they’re not gloomy enough

That anxious hum among Wall Street exectutives is getting louder. US stock index futures are pointing south, led by technology on nonfarm payroll data day. After crushing remote-work hopes of Tesla workers, CEO Elon Musk now reportedly wants a 10% headcount cut due to a “super bad feeling” about the economy. It’s been a week….

Read More “Fink, Dimon and Musk have the blues. And one forecaster says they’re not gloomy enough” »

Investment

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