What Recession? Professional Forecasters Raise Expectations for 2024
This year looks to be a much better one for the U.S. economy than business economists were forecasting just a few months ago, according to a survey released Monday.
Powell: Slower Economic Growth May Be Needed to Conquer Inflation
Federal Reserve Chair Jerome Powell said Thursday that inflation remains too high and that bringing it down to the Fed’s target level will likely require a slower-growing economy and job market.
Banks Grapple with Dilemma: Recession or Soft Landing?
Massachusetts’ banks are caught between conflicting economic signals – growing concern about commercial real estate loans on one side, positive business sentiment and a record-low state unemployment rate on the other – and appear to be reacting conservatively.
‘Rolling Recession’ or ‘Richcession’ Might Spare Economy from Downturn
Despite more than a year of widespread warnings that a recession was near, America’s economy is, if anything, accelerating.
The Economist Who Sees a Recession Coming Despite Economy’s Resilience
Gus Faucher, chief economist at PNC Financial Services Group, has thoughts on whether the economy will remain resilient, and whether the Fed can achieve a notoriously difficult “soft landing.”
The Fed Has Stopped Predicting a Recession. Bankers Aren’t So Sure
Two economic surveys showed that the U.S. economy is continuing to suffer from high interest environment and is likely headed for a recession after the announcement of another Federal Reserve rate hike Wednesday, even as Federal Reserve economists have stopped forecasting that recession is on the horizon.
S&P: Banks Maintain Cautious Outlook
Bank leaders nationwide are expecting either a flat or a slight decrease in performance for the next 12 months, according to a second-quarter survey by S&P Global Market Intelligence.
State Jobless Rate Sinks to Record Low 2.6 Percent
The Massachusetts economy continues to hum along in the wake of the COVID-19 pandemic’s disruption, a trend that business leaders and analysts say could forecast more inflationary pressure on the horizon.
A ‘Richcession’? A ‘Rolling Recession’? Or Maybe No Recession at All?
The warnings have been sounded for more than a year: A recession is going to hit the United States. If not this quarter, then by next quarter. Or the quarter after that. Or maybe next year. So is a recession still in sight?
Survey of Economists: Inflation to Stay High, and so Will Fed’s Key Rate
The Federal Reserve will make only modest progress in its fight against inflation for the rest of this year, even while keeping its benchmark interest rate at a 16-year high, a group of business economists predict in a survey released Monday.
ESG Investors at a Crossroads as Recession Draws Near
Investors do not necessarily make ESG investments for greater long-term returns, but often for altruistic reasons or due to personal preferences to hold greener assets. Will these “luxuries” still be attractive in a downturn?
Fed Forecasters See ‘Mild Recession’ Caused by Lending Pullback
Turmoil in the banking system after two major banks collapsed led many Federal Reserve officials to envision fewer rate increases this year out of concern that banks will reduce their lending and weaken the economy.
Powell Says ‘No Decision’ on Fed’s Next Rate Move
Federal Reserve Chairman Jerome Powell appeared to be trying to quell any assumption that the Fed has already decided to raise rates more aggressively based on a recent string of data that pointed to strong economic growth and still-high inflation.
Survey: Business Economists Push Back Recession Forecasts
A majority of the nation’s business economists expect a U.S. recession to begin later this year than they had previously forecast, after a series of reports have pointed to a surprisingly resilient economy despite steadily higher interest rates.
Megabanks Warn of Slowing Economy
Several of America’s biggest banks say they’re setting aside hundreds of millions of dollars each to cover potential loan losses in the event of a recession this year.
Warren ‘Waving the Warning Flag’ on Interest Rates
After weeks of sounding the alarm about the downsides of interest rate hikes, U.S. Sen. Elizabeth Warren thinks the more modest approach the Federal Reserve took with its latest increase is still pushing the envelope “too far, too fast.”
Recession a Growing Fear as Fed Plans to Keep Rates High
After scaling 40-year highs, inflation in the United States has been slowly easing since summer. Yet the Federal Reserve seems decidedly unimpressed – and unconvinced that its fight against accelerating prices is anywhere near over.
Fed Races Twin Threats of Recession and Financial Crisis
There is wide agreement the Federal Reserve’s aggressive interest rate hikes will cause economic growth to grind to a halt. Less talked about is the risk of a financial crisis as the U.S. central bank simultaneously tries to shrink its massive balance sheet.
OECD Forecast: High Rates, Inflation to Slow World Growth
Hobbled by high interest rates, punishing inflation and Russia’s war against Ukraine, the world economy is expected to eke out only modest growth this year and to expand even more tepidly in 2023.
US Economy Likely Returned to Growth Last Quarter
The problems have hardly gone away. But for now anyway, the U.S. economy has likely returned to growth after having shrunk in each of the first two quarters of 2022 according to a major survey of economists.
