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….
Read More “The odds of recession are rising, but the US economy is not doomed to a downturn” »
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…
Read More “Opinion: The Fed’s new outlook shows that it’s still in a fantasy land” »
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…
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” »
