Minneapolis Fed Chief Kashkari Hopeful US Economy Can Avoid Recession as Inflation Fight Continues
Odds of the U.S. avoiding a deep recession and achieving a "soft landing" are rising as the Federal Reserve tries to bring down inflation.
Odds of the U.S. avoiding a deep recession and achieving a "soft landing" are rising as the Federal Reserve tries to bring down inflation.
Sixteen months after the Federal Reserve began its most aggressive rate-hike cycle in decades, markets are breathing a sigh of relief.
Many pros think a cooling in inflation is the main reason why as it could unleash a profit reacceleration into year-end and early 2024.
Rally in global stocks suggests inflation and recession risks are in the rear-view mirror. Goldman Sachs Group Inc. strategists are more skeptical.
Markets are on the alert to which sectors will buckle under the sharpest jump in interest rates in decades, with big rate moves this month.
Investors are conceding that the Federal Reserve is now intensely focused on fighting inflation and less concerned about higher interest rates.
Chicago Fed President Austan Goolsbee said, decision to hold interest rates steady last week was a “close call.