Fed’s Kashkari backs interest rate hikes ‘at least the next few meetings’
admin The Federal Reserve should keep raising its policy interest rate until it is confident inflation…
Read MoreRecession
‘Recession is what everyone is betting on’: 2023’s first trading day begins
In the first trading day of the new year, U.S. financial markets were bogged down…
Read MoreOne-third of world economy expected to be in recession in 2023, says IMF chief
This year is going to be tougher on the global economy than 2022, the International…
Read MoreStock-market investors face 3 recession scenarios in 2023
With the U.S. stock market on track for its biggest annual decline in over a…
Read MoreU.S. jobless claims move higher in latest week
The numbers: Initial jobless claims rose by 9,000 to 225,000 in the week ended December…
Read MoreHome price growth falls in October, as market feels effect of high mortgage rates
The numbers: The S&P CoreLogic Case-Shiller 20-city house price index rise fell 0.5% in October,…
Read MoreConsumer sentiment creeps up at year end as worries about inflation ease
The numbers: A survey of consumer sentiment rose to 59.7 in December, buoyed by falling…
Read MoreHigh U.S. inflation is on the wane, PCE price gauge shows
The numbers: A key gauge of U.S. prices rose just 0.1% in November, marking the…
Read MoreLeading indicators point to slowing U.S. economy and recession in 2023
The numbers: The U.S. leading index fell a sharp 1% in November, extending a downturn…
Read MoreU.S. economy grew at revised 3.2% rate in third quarter
The numbers: The U.S. expanded at an annual 3.2% annual rate in the third quarter,…
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