July Jump in Unemployment Triggers Key Recession Indicator
The economy may already be in recession. The sudden and unexpected rise in the unemployment rate in July meant that the U.S. jobless rate crossed a key threshold that usually means the economy is in recession. The U.S. Labor Department said Friday that the unemployment rate rose to 4.3% in July, bringing the three-month moving […]
Stocks sell off on recession fears after weak jobs report
U.S. stocks fell sharply on Friday after a weaker-than-expected jobs report stoked concerns the economy could be slowing more quickly than analysts had expected. The Dow Jones Industrial Average, a benchmark index of 30 major U.S. companies, fell more than 900 points in morning trading on Friday and closed down 750 points, or 1.9 percent, […]
A closely tracked recession signal just got triggered by the July jobs report
Economist Peter Morici criticized the Biden administration’s economic policies, discussing tax cuts on Social Security benefits that former President Trump promoted during his election campaign. Weaker than expected July employment report A reliable recession indicator The policy, closely watched by Wall Street, has rekindled concerns about the health of the U.S. economy and triggered a […]
Dow plunges over 900 points after weak jobs report sparks recession fears
The Dow Jones Industrial Average plunged more than 800 points and the Nasdaq entered a correction on Friday, on track to fall more than 10% from its July record, as weak jobs data stoked fears of a slowing U.S. economy and pessimistic outlooks for Amazon and Intel dampened sentiment. The Dow Jones Industrial Average fell […]
US headed for a deep recession, stocks could fall 30%, analyst warns
There will likely be problems in the future According to BCA Research, the U.S. stock market. Peter Berezin, chief global strategist at BCA Research, warned in a client note last week that contrary to popular belief, the economy will fall into recession either this year or early 2025. If that happens, the S&P 500 could […]
US housing affordability might not improve without a recession: BofA
James Bullard, former president and CEO of the Federal Reserve Bank of St. Louis, looks ahead to the next interest rate decision, analyzes employment data and reacts to Yellen’s housing development policies. The home affordability crisis that has plagued the U.S. housing market for the past three years isn’t likely to improve until at least […]
Biden and Powell Are in Denial—A Recession Is Indeed “Inevitable”
Estimated Reading Time: 4 minutes And they are the ones who made it so. On Wednesday, the Federal Reserve announced that it will “raise” interest rates faster than previously planned in order to “fight” worsening inflation. In a press conference, Fed Chairman Jerome Powell tried to assure investors and the public that the Fed is, […]
Fed president: People would rather have recession than high inflation
Host Jack Otter and Barron’s Roundtable senior writer Nicholas Jasinski discuss why interest rate cuts are unlikely in 2024. Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, has said one thing we’ve learned over the past few years is that consumers would rather the economy fall into recession than continue to suffer the […]
Recession Fears Rose In May
The Pro Trump News home page features 60 new headlines every 24 hours, click here to see them. Joe Biden’s confidence in the economy is low. Consumer confidence rose in May, but fears of an economic recession grew. “The survey also revealed a possible resurgence of recession fears, as the likelihood of a U.S. recession […]
Despite Surprise Boost in Consumer Confidence, Recession Fears Rose in May
U.S. consumer confidence unexpectedly improved in May, snapping a three-month slump as consumers expressed a more positive view of the job market and became more optimistic about jobs, the economy and their incomes in the coming months. At the same time, consumers’ financial situations have worsened, they expect inflation and interest rates to rise, and […]