‘Dr. Doom’ Nouriel Roubini: ‘Worst-case scenarios appear to be the least likely.’ For now
Around this time a year ago, about 85% of economists and market analysts — including me — expected that the U.S. and global economy would suffer a recession. Falling but still-sticky inflation suggested that monetary policy would grow tighter before rapidly easing once the recession hit; stock…#usfederalreserve #ukraine #gaza #hezbollah #iran #gulf #taiwanese #unitedkingdom #middleeast #projectsyndicate (Source: Reuters: Health)
Source: Reuters: Health - January 8, 2024 Category: Consumer Health News Source Type: news
The Fed will slash rates 6 times this year as recession spreads across the US and the job market deteriorates, market veteran says
Federal Reserve Board Chairman Jerome Powell. Alex Wong/Getty Images The Fed is bound to slash interest rates six times in 2024, Metlife's Drew Matus predicted. Those cuts will come as a recession spreads across the US, the market vet told CNBC in a recent interview. The job market could quickly…#federalreserveboard #jeromepowell #alexwonggettyimages #metlife #drewmatus #metlifeinvestment #dovish #matus #philadelphiafed #othersonwallstreet (Source: Reuters: Health)
Source: Reuters: Health - January 8, 2024 Category: Consumer Health News Source Type: news
56 million credit cardholders have been in debt for at least a year
Although Americans helped stave off a recession in 2023 by spending enough to propel economic growth, it has come at a cost: Nearly half of consumers say they are carrying credit card debt, according to a new survey from Bankrate. The personal finance firm found that 49% of credit card users carry…#bankrate #tedrossman (Source: Reuters: Health)
Source: Reuters: Health - January 8, 2024 Category: Consumer Health News Source Type: news
56 million credit cardholders have been in debt for at least a year, survey finds
Although Americans helped stave off a recession in 2023 by spending enough to propel economic growth, it has come at a cost: Nearly half of consumers say they are carrying credit card debt, according to a new survey from Bankrate. The personal finance firm found that 49% of credit card users carry…#bankrate #tedrossman (Source: Reuters: Health)
Source: Reuters: Health - January 8, 2024 Category: Consumer Health News Source Type: news
Should You Buy Stocks in 2024 Despite the Greatest Recession Risk in Decades? Take Advice From Warren Buffett and Peter Lynch
A Federal Reserve forecasting tool currently puts the odds of a recession at 51.84% in the next 12 months. That may sound insignificant, but the forecasting tool in question has only given a reading above 50% a few times since 1960 -- the last time was four decades ago -- and each event either…#federalreserve #federalreservebank #stlouis #peterlynch #warrenbuffett #fidelitymagellanfund #jpmorganchase #berkshire #alphabet #amazon (Source: Reuters: Health)
Source: Reuters: Health - January 7, 2024 Category: Consumer Health News Source Type: news
2 Recession-Resilient Income Picks:'Must Own' In Your Retirement Portfolio
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Source: Reuters: Health - January 7, 2024 Category: Consumer Health News Source Type: news
Nation ’s Top Economists Are Short-Term Happy, Long-Term Glum
SAN ANTONIO—The good news: the U.S. is headed for growth this year, not recession. The bad news: there is as yet little prospect growth will be any better than before the pandemic. That, for now, is the consensus of economists speaking at the annual meeting of the discipline’s largest association. (Source: Reuters: Health)
Source: Reuters: Health - January 7, 2024 Category: Consumer Health News Source Type: news
The S & P 500 could crash by 30%, a recession is likely underway, and interest rates might not fall before summer, market prophet says
The S&P 500 could crash by 30%, a recession is likely underway, and interest rates might not fall before summer, market prophet says • None A market prophet says the S&P 500 could crash 30%, and a recession is probably underway. • None Gary Shilling doubts the Fed will cut interest rates before…#noneshilling #treasuries #federalreserve #garyshilling #merrilllynch #rosenbergresearch #shilling #ak47 #nber (Source: Reuters: Health)
Source: Reuters: Health - January 6, 2024 Category: Consumer Health News Source Type: news
The S & P 500 could crash by 30%, a recession is likely underway, and interest rates might not fall before summer, market prophet says
None A market prophet says the S&P 500 could crash 30%, and a recession is probably underway. • None Gary Shilling doubts the Fed will cut interest rates before summer, but sees a return to 1% or 2%. • None Shilling prefers Treasuries to gold, predicts earnings will weaken, and expects many more…#noneshilling #treasuries #federalreserve #garyshilling #merrilllynch #rosenbergresearch #shilling #ak47 #nber (Source: Reuters: Health)
Source: Reuters: Health - January 6, 2024 Category: Consumer Health News Source Type: news
Strong jobs report rebukes recession fears but poses risk to inflation fight
Hiring accelerated in December, defying the Fed's effort to slow the economy. Hiring in December far surpassed economist expectations and rebuked concerns of a recession in the coming months, according to data released by the U.S. Bureau of Labor Statistics on Friday. The economy added 216,000…#markzandi #moodyanalytics #federalreserve #olusonola #fitchratings #abcnews #aaronterrazas #glassdoor #ronaldtemple #lazard (Source: Reuters: Health)
Source: Reuters: Health - January 6, 2024 Category: Consumer Health News Source Type: news
Whether it amounts to an actual recession is uncertain, but U.S. is headed for a soft patch, economists say
Economists don’t want to get tied up in semantics. Asked whether the U.S. economy will experience a recession this year, analysts are saying there is going to be a soft patch. Whether or not the economy falls into an actual recession — meaning two straight quarters of negative growth – is more…#sanantonio #glennhubbard #georgewbush #janiceeberly #ustreasurydepartment #obama #danapeterson #conferenceboard #federalreserves #ellenzentner (Source: Reuters: Health)
Source: Reuters: Health - January 6, 2024 Category: Consumer Health News Source Type: news
Higher wages, fewer temp workers and indicators of the year results
The U.S. economy added a solid number of jobs, the unemployment rate held steady, and a lot of people got raises. But, today we ask whether fewer temporary workers could mean recession, and whether higher wages might cause interest rates to stay high. Related episodes:The Indicator of the Year…#applespotify #planetmoney #applepodcasts #dropelectric #facebooknewsletter (Source: Reuters: Health)
Source: Reuters: Health - January 6, 2024 Category: Consumer Health News Source Type: news
U.S. Added 216,000 Jobs in December, Outpacing Forecasts
The U.S. labor market ended 2023 with a bang, gaining more jobs than experts had expected and buoying hopes that the economy can settle into a solid, sustainable level of growth rather than fall into a recession. Employers added 216,000 jobs in December on a seasonally adjusted basis, the Labor…#labordepartment #federalreserves #danielaltman #instawork (Source: Reuters: Health)
Source: Reuters: Health - January 6, 2024 Category: Consumer Health News Source Type: news
3 Stocks To Buy to Profit From the Economy ’s Soft Landing
Consider these 3 growth stocks with a soft landing on the horizon As the global economy recovers from a period of high inflation, investors seek the best soft landing stocks to buy. A soft landing in economics is when central banks raise interest rates to slow economic growth to avoid a recession.…#checkpoint #xdhorizon #xdrxrp #checkpoints #fcf #americanexpress #eps #millenialandgenz #onsemiconductor #bucheron (Source: Reuters: Health)
Source: Reuters: Health - January 5, 2024 Category: Consumer Health News Source Type: news
From “Million Bazillion”: What’s a recession?
Hey Smarties! Today we’re sharing an episode from “Million Bazillion,” a Marketplace podcast that answers kids’ questions about money. This episode tackles a question many of you might have too: What’s a recession? To get to the bottom of it, hosts Bridget and Ryan take an adventure-filled trip to…#marketplace #bridget #federalreserve #jeromepowell #kairyssdal (Source: Reuters: Health)
Source: Reuters: Health - January 5, 2024 Category: Consumer Health News Source Type: news
