The strength of the labor market is giving rise to the idea that instead of a “soft landing” or a “hard landing,” the economy may be on track for “no landing” at all. In other words, the long-awaited recession may not be looming in our near future—but that also means inflation will not be coming down either.
President Joe Biden said Wednesday on “PBS NewsHour” that the United States would not have an economic recession this year or next year.
This might be one of the most hated stock market rallies in history. The American public’s bearishness on stocks is accompanied by a dour view of our economic prospects over the next six months.
Germany’s economy shrank by 0.2% in the fourth quarter compared with the previous three-month period, official figures showed Monday.
The layoffs in tech announced over the past month or so have many asking if this is a bellwether for the broader labor market.
The latest economic data continues to point in the direction of recession.
If the housing market is in a recession, why are homebuilders still employing so many construction workers?
This morning’s jobless claims were the latest piece of evidence that the labor market remains extremely hot even as other economic data appears to be foreshadowing a plunge in economic activity.
“What we’re seeing is this slide towards recession happening across the economy,” Breitbart Economics Editor John Carney told Fox Business’ Larry Kudlow.
On Friday’s broadcast of the Fox News Channel’s “The Story,” White House Council of Economic Advisers member Jared Bernstein stated that economic numbers “are wholly inconsistent with a recessionary call in near-time.” Host Martha MacCallum asked, “You said back at
During an interview aired on Friday’s edition of Bloomberg’s “Wall Street Week,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers stated that while the December jobs
We begin the new year with widespread expectations of a recession. Last year began with a consensus that was wrong in every important aspect. Is this year’s consensus any better?
Swedish Finance Minister Elisabeth Svantesson has warned that Sweden may be facing a recession this winter that may last years.
The Federal Reserve plotted a course for next year that includes sluggish growth, declining yet persistently high inflation, and at least a few more interest rate hikes. It’s a good idea to study this Fed map closely, while remembering the map is not the territory.
With retail sales coming in below expectations, why aren’t more workers being laid off?
Former National Economic Council director Larry Summers said Thursday on MSNBC’s “Andre a Mitchell Reports” that the U.S. economy will have a recession.
On Wednesday’s “PBS NewsHour,” economist and President of Queens’ College Dr. Mohamed El-Erian said he thinks a recession is “probable,” but not a total certainty, and those confidently asserting that a recession will be a short and mild one “are
On Tuesday’s broadcast of CNN’s “The Lead,” economist and President of Queens’ College Dr. Mohamed El-Erian predicted that inflation will be “sticky” at around 4%, twice the 2% target rate the Federal Reserve has and stated that some parts of
On Tuesday’s broadcast of CNN’s “Early Start,” Professor of Economics at Harvard University and former International Monetary Fund Chief Economist Ken Rogoff said “the odds are very high” that the U.S. economy will go into a recession, we should expect
Everyone agrees that we’re headed into an economic recession next year, but recent data indicates the consensus could be wrong about the timing.
On Monday’s broadcast of CNBC’s “Closing Bell,” Professor of the Practice of Economic Policy at Harvard University and the Harvard Kennedy School Jason Furman, who served as Chairman of the Council of Economic Advisers under President Barack Obama and on
During an interview aired on Friday’s broadcast of Bloomberg’s “Wall Street Week,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers argued it will be much more
On Tuesday’s broadcast of “CNN This Morning,” Bank of America CEO Brian Moynihan stated that there was too much COVID stimulus, and “Now, we have to adjust to that decision. And that’s why you’re seeing the Fed tighten quick.” Moynihan
United Furniture Industries fired its entire workforce in the middle of the night right before the Thanksgiving holidays.
Real household disposable income is likely to fall by over seven per cent over the next two years in Britain, despite claims from finance minister Jeremy Hunt that his budget will bolster the economy.
Here we go again. The Commerce Department on Wednesday said that consumer spending grew by 1.3 percent compared with September, when spending was unchanged with the prior month. Compared with a year ago, retail sales were up 8.9 percent. Total
During a portion of an interview with CNN released on Monday, Amazon Executive Chair Jeff Bezos said that “the economy does not look great right now.” And “if we’re not in a recession right now, we’re likely to be in
Britain’s Treasury chief Jeremy Hunt warned of spending cuts and tax increases for cash-strapped Britons despite a looming recession.
Britain may have already entered a recession as the latest economic figures showed that the economy contracted in the reporting quarter between July and September.
Britain’s Chancellor of the Exchequer is laying the groundwork for a series of tax hikes and service cuts in the name of fighting inflation.
On Friday’s broadcast of CNBC’s “Squawk Box,” New Jersey Gov. Phil Murphy (D) stated that he is concerned about the prospects for employment because there are no historical examples “where the Fed has been this aggressive and the economy didn’t
We’re headed for a recession next year and there will be little chance for fiscal policy or monetary policy to provide relief.
The ongoing gas crisis has resulted in the German economy losing over $100 billion, a report from a major economics institute has claimed.
Chinese customs data for October released on Monday revealed a surprisingly steep drop in both imports and exports, the latter contracting for the first time since the early days of the Wuhan coronavirus pandemic in 2020.
The Bank of England predicted the UK will experience the longest recession in recorded history on Thursday as it raised interest rates again.
Over one-third (37 percent) of small businesses could not pay their rent in full or on time in October.
On Monday’s broadcast of CNN’s “Early Start,” Moody’s Analytics Chief Economist Mark Zandi said that we have “a long way to go to get back to anything anyone would feel comfortable with” on inflation, stated that even if the economy
During the “Overtime” segment on Friday’s broadcast of HBO’s “Real Time,” host Bill Maher said that the prospects of avoiding a recession don’t look good and pointed out that people were already losing “a lot of money” in the market.
Yesterday’s report on third-quarter gross domestic product included a seemingly hopeful bit of data on business investment. Unfortunately, it was probably just another head fake.
During portions of an interview with CNN aired on Thursday’s broadcast of “OutFront,” Treasury Secretary Janet Yellen stated that she doesn’t see indications of a recession in the American economy right now, the Biden administration isn’t getting credit for economic
