The numbers: A survey of consumer confidence jumped to a eight-month high of 108.3 in December, reflecting fewer worries about inflation and more optimism about jobs and the economy. The Read more
Tag: Recession
U.S. stocks moving higher, trying to snap four-day skid despite Bank of Japan surprise and possible recession fears
U.S. stocks are reversing a Tuesday start in the red and now trading higher as investors think through the implications of the Bank of Japan’s surprise announcement to put a Read more
Jobless claims drop to 11-week low of 211,000 in early December
The numbers: The number of Americans who applied for unemployment benefits in early December fell to a nearly three-month low of 211,000, indicating layoffs around the holiday season remain low Read more
Fed hikes interest rate by half percentage point — benchmark rate seen topping out at 5.25%
The Federal Reserve on Wednesday raised its benchmark interest rate by 0.5 percentage point and signaled more tightening next year. The half-point increase brings the Fed’s federal funds rate up Read more
Vanguard sees a recession in 2023 — and one ‘silver lining’ for investors
The last 12 months was a year of fast-rising inflation, fast-rising interest rates and fast-rising questions about a future recession. Prices went up while stock markets and savings account balances Read more
U.S. inflation slows again, CPI shows, as Fed prepares to raise interest rates
The numbers: The cost of living rose a scant 0.1% in November, the latest in a string of mild readings that suggest the worst U.S. inflation in 40 years is Read more
Dow on verge of a ‘golden cross,’ even as BlackRock predicts historic recession
Despite worries about inflation and an impending recession, there is at least one sign that some bullish market technical analysts might latch onto. An upbeat golden cross appears to be Read more
U.S. consumer sentiment improves in December as inflation worries ease
The numbers: The University of Michigan’s gauge of consumer sentiment rose to a preliminary December reading of 59.1 from a November reading of 56.8. Economists polled by the Wall Street Read more
U.S. wholesale price inflation picks up in November, but is lower for year
The number: U.S. wholesale prices rose 0.3% in November, the Labor Department said Friday. Economists polled by The Wall Street Journal has forecast a 0.2% gain. This is the third Read more
U.S. wholesale price inflation picks up in November, but is lower for year
The number: U.S. wholesale prices rose 0.3% in November, the Labor Department said Friday. Economists polled by The Wall Street Journal has forecast a 0.2% gain. This is the third Read more