Global Recession Risks Rise as Central Banks Raise Rates
Major central banks this week signaled their willingness to countenance a global recession in 2023.
Major central banks this week signaled their willingness to countenance a global recession in 2023.
Investors are concerned that too much tightening from the Federal Reserve could trigger a hard economic landing next year.
Fed now faces more subtle judgment about whether economy is strong enough to motor through even higher interest rates or is on the cusp of a crack-up.
Markets remain on edge regarding outlook for inflation, as seen in hit to stocks last week amid hotter than expected Producer Price Index (PPI).
Stock investors’ optimism around a cooling labor market and a Federal Reserve pivot is overdone, according to BofA Corp. strategists.
U.S. economy is heading into a short and shallow recession over the coming year, according to economists polled by Reuters.
Goldman Sachs CEO David Solomon expects stock market's slide to continue in 2023 and thinks odds of recession hitting US economy are about 2 of 3.