Worsening Business Activity Data is 'Setting the Scene' for an Economic Contraction This Year
U.S. economy is showing more signs of deterioration. Pace of U.S. economic growth has slowed. Indicators are setting scene for economic contraction.
U.S. economy is showing more signs of deterioration. Pace of U.S. economic growth has slowed. Indicators are setting scene for economic contraction.
The Federal Reserve’s ability to achieve a soft landing in its fight against inflation is looking increasingly less likely.
Barring a hurricane this summer that pounds key oil producing assets, gas is unlikely to rise to $7 a gallon as economic growth slows.
US and European stock markets have been roiled since April, with stubbornly high inflation and hawkish central banks raising the specter of recession.
Fed Reserve said it would do what is needed to get prices under control, reiterating price stability is necessary to support a strong labor market.
Analysts increasingly see a recession looming in the US following the Federal Reserve’s biggest increase in interest rates since 1994.
If the Fed delivers a massive rate hike in one shot — or a series of 100 basis point increases — it could badly stunt economic growth.