UPDATE 1-Citigroup's Finance Chief Sees Mild US Recession in Late 2023
Citigroup Inc Chief Financial Officer Mark Mason told investors on Wednesday he expected the Fed to stay committed to its fight against inflation.
Recent
Most People Won’t Even Notice ‘Slight’ Recession
Bank of America CEO predicts most people won’t even notice ‘slight’ recession, but warns interest rates won’t come down for at least a year.
Wall Street’s Most Successful Hedge Fund Just Politely Told Fed Chair Jay Powell to Shut Up
If there was one piece of advice the boss of hedge fund Citadel LLC would give to the Federal Reserve, it would be to stop talking so much.
Bank of America CEO sees U.S. Technical Recession in 3rd Qtr
BofA Chief Executive Officer Brian Moynihan said on Tuesday the U.S. economy would reach a technical recession starting in the third quarter.
Global Supply Chains Back to Normal After Rocky Three Years, NY Fed Says
Global supply chains have returned to normal, the Federal Reserve Bank of New York said, almost three years after Covid-19 was declared a pandemic.
Citi Strategists Say Traders Are Piling Up Short Bets on Stocks
Investor sentiment toward stocks is becoming more pessimistic as they build short bets in both US and European equity futures.
Beware, an Economy in Recession Takes Time to Showcase Its Skeletons
Investors need to keep in mind that skeletons are there lurking in the corridors waiting to come out.
