Page 7 - Us Recession

Fed Reserve's aggressive rate hikes raise likelihood of recession

US Federal Reserve Chair Jerome Powell has pledged to do whatever it takes to curb inflation, now raging at a four-decade high and defying the Fed's efforts so far to tame it. Increasingly, it seems, doing so might require the one painful thing the Fed has sought to avoid: A recession. A worse-than-expected inflation report for May consumer prices rocketed up 8.6 per cent from a year earlier, the biggest jump since 1981 helped spur the Fed to raise its benchmark interest rate by three-quarters of point on Wednesday. Not since 1994 has the central bank raised its key rate by that much all at once. And until Friday's nasty inflation report, traders and economists had expected a rate hike of just half a percentage point on Wednesday. What's more, several more hikes are coming. The soft landing the Fed has hoped to achieve slowing inflation to its 2 per cent goal without derailing the economy is becoming both trickier and riskier than Powell had bargained for. Each rate hike means

US Fed's biggest rate hike since 1994, Wall Street sounds a recession call

The Fed hiked its policy rate by 75 basis points Wednesday to a range of 1.5% to 1.75%, as officials intensified their battle against inflation that's remained stubbornly high

Will 75 bps US Fed rate hike trigger another market selloff?

Soaring inflation and recession fears pose a dilemma before the US Fed on the quantum of rate hikes without derailing growth. Find out if investors would be able to withstand the likely market rout

Oil prices rise as tight supply counters China Covid, recession worries

Oil prices rose on Tuesday as tight global supply outweighed worries that fuel demand would be hit by a possible recession and fresh Covid-19 curbs in China

Wall St slips into bear market amid war, inflation: Here's what that means

Wall Street opened the week with heavy losses that put the benchmark S&P 500 at a level considered to be a so-called bear market. Rising interest rates, high inflation, the war in Ukraine and a slowdown in China's economy have led investors to reconsider what they're willing to pay for a wide range of stocks, from high-flying tech companies to traditional automakers. Big swings have become commonplace and Monday was no exception. The last bear market happened just two years ago, but this would still be a first for those investors that got their start trading on their phones during the pandemic. Thanks in large part to extraordinary actions by the Federal Reserve, stocks have for years seemed to go largely in only one direction: up. The buy the dip rallying cry after every market slide has grown fainter after stinging losses and severe plunges in risky assets like cryptocurrencies. Bitcoin fell below $23,000 on Monday. The price for Bitcoin neared $68,000 late last year. Here are ..

Bitcoin falls to record-low of $21,000 over worrying inflation data

Top cryptocurrency Bitcoin (BTC) further nosedived to around $21,000 per coin on Tuesday, a level it saw some five years ago

Asian stocks slide as recession fears send Wall St into bear market

Asian shares tumbled on Tuesday after Wall Street officially entered bear market territory and bond yields hit a two-decade high

Oil bounces around as tight supply offsets China, recession fears

Oil prices seesawed in positive and negative territory, holding up despite recession fears and potential new Covid-19 curbs in China that could dampen demand as the market remains tightly supplied

US equities tumble, S&P 500 confirms bear market as recession worry grows

US equities tumbled on Monday, with the S&P 500 confirming it is in a bear market, as fears grow that the expected aggressive Fed rate hikes would push the economy into a recession

TMS Ep192: US recession, influencer marketing, markets, global min corp tax

Does a US recession threaten the Indian IT industry? Is there a dark side of influencer marketing? What global events will markets track this week? What is global minimum corporate tax? Answers here

Can US recession slam the brakes on Indian IT sector's dream run?

A recession in the US would have far-reaching consequences for the Indian economy -- especially for the IT sector. We examine how the Indian IT industry will be hit if the US goes through a recession

Recession not inevitable, pain to last 'some time,' says Biden in Tokyo

We have problems that the rest of the world has, Biden said, but less consequential than the rest of the world has

US at 'very, very high risk' of recession, says Goldman Sachs' Blankfein

Goldman Sachs Senior Chairman Lloyd Blankfein urged companies and consumers to gird for a US recession

A recession in the US?

The inflation data over the coming six months will be critical

Jan/Feb market sell-off was an just an appetizer: BofA Securities survey

Global growth optimism, according to the survey findings, was at an all-time low, with recession fears surging in the world's investment community.

Inverted US yield curve no more a worry for markets; here's why

The current yield inversion has more to do with the temporary demand-supply mismatch in the bond market and doesn't necessarily signal a recession in the US

US recession warning? Part of yield curve inverts for first time in 16 yrs

Shorter maturities have been selling off faster than their longer-dated peers this year as investors ratchet up expectations the Fed will hike rates to combat inflation

US unemployment benefits rise but still historically low at 206,000

The number of Americans applying for unemployment benefits rose last week despite signs that the US labour market is rebounding from last year's coronavirus recession.

US employment: Jobless claims fall to 326,000, first drop in four weeks

The number of Americans applying for unemployment benefits fell last week, another sign that the US job market and economy continue their steady recovery from last year's coronavirus recession.

US economy grows 6.4% in Q1 and it's likely just the start, say experts

The US economy grew at a solid 6.4 per cent rate in the first three months of the year, setting the stage for what economists believe may be the strongest year for the economy in about seven decades.