Talk of a recession has accelerated this year as inflation remains high and the Federal Reserve takes aggressive steps to counter.
The recession that many Americans fear is coming is not"at all imminent," Treasury Secretary Janet Yellen said Sunday.
Talk of a recession has accelerated this year as inflation remains high and the Federal Reserve takes aggressive steps to counter it. On Wednesday, the Fed announced a 75 basis point interest rate hike, its largest since 1994. Fed Chair Jerome Powell also indicated the Federal Open Market Committee's intent to continue its aggressive path of monetary policy tightening in order to rein in inflation.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
The odds of recession are rising, but the U.S. economy is not doomed to a downturnHigh inflation and rising interest rates are slamming the brakes on U.S. growth, economists say, but there’s still a narrow chance to avoid a second recession in three years. The outlook is not looking good, to be sure.
Weiterlesen »
A Recession Is ‘Not Inevitable,’ Biden Says, As He Acknowledges The Nation’s Mood Is DownBiden insisted that a recession—as many economists have predicted—was not “inevitable” and said every other major industrial country in the world is facing high inflation at the moment.
Weiterlesen »
Fed could 'break' the economy with aggressive rate hike campaign, analyst saysThe Federal Reserve's massive rate hike this week has fueled speculation on Wall Street that the U.S. economy is headed for a recession soon as inflation roars.
Weiterlesen »
Heat Waves and High Energy Costs Are Hitting Some Communities HardHigh temperatures and humidity hitting large parts of the U.S. last week collided with the ongoing challenges many people face from inflation and high energy costs.
Weiterlesen »
Homebuyers feeling inflation squeeze as US 'headed for recession,' Redfin CEO warnsRedfin CEO Glenn Kelman provides insight into how inflation is deeply impacting the housing market and why he laid off 8% of workers in his company.
Weiterlesen »