Economists expected a recession. They got strong growth instead. Here ’s what they didn’t see coming
In 2022, Michael Walden guessed there was about a two-in-three chance that the U.S. economy would slip into a recession in the next year or so. Now, the Raleigh, N.C.-based economist, like many others, is having to admit he was wrong. “Clearly, that didn’t happen,” he said. The U.S. economy grew…#michaelwalden #raleigh #walden #marketwatch #households #greatrecession #bethannbovino #usbank #brettryan #deutschebank (Source: Reuters: Health)
Source: Reuters: Health - January 26, 2024 Category: Consumer Health News Source Type: news
Posthaste: The coming recession will be a tale of housing versus commodities
Meanwhile, the strong outlook for commodities, particularly oil, potash and uranium, are expected to provide economic cushions for Alberta, Saskatchewan and Newfoundland and Labrador. Toronto home sales rose at the end of the year due to lower mortgage rates, but that “could be a double-edged…#alberta #saskatchewan #newfoundland #labrador #desormeaux #transmountain #commodities #bhpgroupltd #suncorenergyinc #terranova (Source: Reuters: Health)
Source: Reuters: Health - January 26, 2024 Category: Consumer Health News Source Type: news
5 real risks that could crush stocks in 2024
As U.S. stocks flirt with new highs and recession seems less and less likely, the hard-core stock-market bears continue to predict an array of market-tanking disasters just around the corner. I expect the U.S. market to finish the year up 5%-10%, for three main reasons: No recession; inflation…#jefferygundlach #bobdoll #treasury #tmubmusd10y #ustreasurys #usfederalreserve #markzandi #moodysanalytics #zandi #bankofamerica (Source: Reuters: Health)
Source: Reuters: Health - January 26, 2024 Category: Consumer Health News Source Type: news
The U.S. economy, defying economists' outlook for a likely recession in 2023, grew 3.1% from a year earlier in the fourth quarter on the back of a resilient …
The U.S. economy, defying economists’ outlook for a likely recession in 2023, grew 3.1% from a year earlier in the fourth quarter on the back of a resilient labor market and strong consumer spending. (Source: Reuters: Health)
Source: Reuters: Health - January 26, 2024 Category: Consumer Health News Source Type: news
GDP report: U.S. economy defies recession amid inflation cooldown
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Source: Reuters: Health - January 26, 2024 Category: Consumer Health News Source Type: news
Daily Open: What recession? The U.S. economy kept growing
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on…#cswind #pueblo #colorado #cnbcdailyopen #nasdaqcomposite #tesla #apple #iphoneappstore #lagarde #christinelagarde (Source: Reuters: Health)
Source: Reuters: Health - January 26, 2024 Category: Consumer Health News Source Type: news
Is the Yield Curve ’s 40-Year Low Signaling Recession?
The US Treasury Yield Curve, as measured by the spread between the 2-Year and 10-Year notes, fell into negative territory in July 2022 and remains in that condition 18 months later. Although an inverted curve is a classic signal of an impending downturn, the US economy has thus far managed to…#ustreasuryyieldcurve #subscribe #bloombergoriginals #bloombergquicktake #breakingnewson (Source: Reuters: Health)
Source: Reuters: Health - January 25, 2024 Category: Consumer Health News Source Type: news
Biden Hails Surprise 3.3% Growth in Recession Forecast Rebuke
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Source: Reuters: Health - January 25, 2024 Category: Consumer Health News Source Type: news
The Year of the Recession that Didn ’t Come: Our Drunken Sailors Partied & Spent, GDP Jumped
All major categories of spending and investment pulled in the right direction. The year 2023 was supposed to be the year of the recession. It was the most anticipated recession ever, the most hoped-for recession. Starting in 2022 with the initial rate hikes, the “Leading Economic Index” predicted…#leadingeconomicindex #lei #drunkensailors #q4 #q3 #socialsecurity (Source: Reuters: Health)
Source: Reuters: Health - January 25, 2024 Category: Consumer Health News Source Type: news
Vanguard ’s Credit Chief Sees Second-Half Recession Hitting Corporate Debt
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Source: Reuters: Health - January 25, 2024 Category: Consumer Health News Source Type: news
Consumer spending fuels better than expected economic growth
The U.S. economy grew faster than predicted in 2023, instead of sliding as into recession as some economists had predicted. NBC News' Brian Cheung dives into the numbers.#briancheung (Source: Reuters: Health)
Source: Reuters: Health - January 25, 2024 Category: Consumer Health News Source Type: news
The no-recession economy might not slow down at all
First came widespread predictions of a recession. Then a wave of forecasts called for a big slowdown in the economy. Now the question is, should we expect the economy to slow at all in 2024? There’s good reason not to, some economists say. Start with the labor market: Most Americans who want a job…#robertfrick #federalreserve #rockemsockemrobots #dannorth #allianznorthamerica #north #wellsfargo #sambullard #eugenioaleman #raymondjames (Source: Reuters: Health)
Source: Reuters: Health - January 25, 2024 Category: Consumer Health News Source Type: news
The Dow will surge 24% after the Fed's first rate cut with recession looking unlikely
None The stock market could have 24% upside after the Fed launches its first interest-rate cut later this year. • None Ned Davis research crunched the numbers and found that interest-rate cuts, coupled with no recession, create a very bullish environment for stocks. • None "The bottom line is that…#noneneddavis #ndr #federalreserve #neddavisresearch #edclissold #clissold (Source: Reuters: Health)
Source: Reuters: Health - January 25, 2024 Category: Consumer Health News Source Type: news
What to Watch in the GDP Report: How 2023 Defied Recession Fear
Forecasters estimate the U.S. economy grew 2.6% over the past year due to strong consumer spending and hiring. (Source: Reuters: Health)
Source: Reuters: Health - January 25, 2024 Category: Consumer Health News Source Type: news
3 Dividend Stars Every Investor Should Own to Survive a Market Crash
Income investors will appreciate these three stalwarts for an economy that lands harder than anticipated. One of the best reasons to invest in dividend stocks is how well they hold up when the stock market falls. Whether it’s a correction, a bear market, a recession, a depression or a full-on…#hartford #abbvie #humira #rinvoq #crohn #healthcare #ntforego #abbv #americanstateswater #dividendking (Source: Reuters: Health)
Source: Reuters: Health - January 25, 2024 Category: Consumer Health News Source Type: news
