Stocks weren’t doing much Monday morning but took a nasty — albeit brief — turn lower in the afternoon following stark comments from JPMorgan Chase CEO Jamie Dimon, who warned that the United States is likely to enter a recession within the next six to nine months.
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The Federal Reserve’s fight to squash inflation will cause the US economy to start losing tens of thousands of jobs a month beginning early next year, Bank of America warns.
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There is currently a 98.1% chance of a global recession, according to a probability model run by Ned Davis Research. And seven in 10 economists agree.
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The Federal Reserve is unlikely to tame inflation without pushing the American economy into a recession, according to a survey of economists released Monday.
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Some Triangle residents believe the U.S. economy is already in recession despite economists saying otherwise. Garner shopper Paul Bischler cited several reasons he believes in the former. “Based on the prices I see in the grocery store, the gasoline prices [and] the mortgage rates now,” Bischler said. “They affect...
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With the latest economic data on U.S. GDP release, the “rule of thumb” definition for a recession is met. But are we in one right now?
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So, the U.S. economy slowed, again, in the second quarter. Here’s how you can prep for a recession if the economy slips into decline.
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The recovery wasn’t supposed to go like this. Wall Street and Main Street alike are suffering from whiplash when it comes to the current state of the US economy.
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The CEO of one of the largest U.S. investment banks cautions we may be headed toward recession.
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