Citadel's Griffin says the Fed needs more consistency to tame inflation
Billionaire investor Ken Griffin, the founder of Citadel and Citadel Securities, said on Tuesday the Federal Reserve needs more consistency of communication in order to tame inflation and that the setup for a recession is unfolding. "If I could tell one thing to the (Fed) chairman, I would tell…#kengriffin #federalreserve #jeromepowell #griffin (Source: Reuters: Health)
Source: Reuters: Health - March 8, 2023 Category: Consumer Health News Source Type: news
Larry Summers offers projection of how high Fed will lift interest rates, says recession could happen
Former Treasury Secretary Larry Summers on Monday offered his "best guess" of how high the Federal Reserve will hike interest rates and said there could potentially be a recession. Summers said to CNN that he doesn’t think there’s "any question" that the U.S. does not "have inflation on a secure…#treasury #larrysummers #federalreserve #summers #labordepartment #federalreserves #jeromepowell #fedchair #conferenceboard (Source: Reuters: Health)
Source: Reuters: Health - March 8, 2023 Category: Consumer Health News Source Type: news
Deepest Bond Yield Inversion Since Volcker Suggests Hard Landing
The bond market is doubling down on the prospect of a US recession after Federal Reserve Chair Jerome Powell warned of a return to bigger interest-rate hikes to cool inflation and the economy. • None Meta Plans Thousands More Layoffs as Soon as This Week • None Powell Sees Higher Peak for Interest…#federalreservechair #jeromepowell #nonemeta #fundmedicarenoneus #beijing #treasury #paulvolcker #kengriffin #citadel #griffin (Source: Reuters: Health)
Source: Reuters: Health - March 8, 2023 Category: Consumer Health News Source Type: news
GBTC discount narrows during SEC hearing, yield curve inversion deepens; 60% probability for 50bps hike
Quick Take Result of Powell Speaking The US 10-year minus 02 years has reached -100 bps inversion. The forward growth outlook is a full percentage point lower than the expected policy rate. Levels of policy error not achieved since February 1980. Inversion points to a recession, but a larger…#meetingprobabilities #gbtc #grayscale #nav #btc #cryptoslate (Source: Reuters: Health)
Source: Reuters: Health - March 7, 2023 Category: Consumer Health News Source Type: news
Why networking is so important if you're worried about getting laid off
The job market in the U.S. remains strong overall, but recent high-profile layoffs at technology and media companies and predictions of a recession later this year may have you thinking about job security. If you’re worried you could be laid off — or if you’ve lost your job — here are…#jessemecham #scottdobrosky #annagallo #middletown #connecticut #marlolyons #coursera #linkedin #gallo (Source: Reuters: Health)
Source: Reuters: Health - March 7, 2023 Category: Consumer Health News Source Type: news
2.6 million Americans could lose their jobs if the GOP cuts spending in a debt ceiling deal, a new report says
Sen. Elizabeth Warren. Tom Williams/CQ-Roll Call, Inc via Getty Images A Moody's analysis said GOP spending cuts in a debt ceiling increase could cost Americans 2.6 million jobs. Sen. Elizabeth Warren cited the report in a letter to Biden, saying Republicans are risking a recession. Negotiations…#elizabethwarren #tomwilliams #cqrollcallinc #moody #republicans #moodyanalytics #markzandi #cristian #bernardyaros #medicare (Source: Reuters: Health)
Source: Reuters: Health - March 7, 2023 Category: Consumer Health News Source Type: news
Fed's Powell:We are a long way from a labor-market recession
(Source: Reuters: Health)
Source: Reuters: Health - March 7, 2023 Category: Consumer Health News Source Type: news
3 Extremely Safe Stocks to Pick up in 2023
Recession possibilities persist as the Fed continues to fight the stubbornly high inflation. Given the uncertainties, investors could consider adding extremely safe stocks Johnson & Johnson (JNJ), The Descartes Systems...#johnsonjohnson #jnj (Source: Reuters: Health)
Source: Reuters: Health - March 7, 2023 Category: Consumer Health News Source Type: news
Fed Chair Powell in congressional hot seat as sticky inflation squeezes Americans
Federal Reserve Chairman Jerome Powell will be in the spotlight on Capitol Hill this week as he faces scrutiny over the central bank's Herculean task: Fight inflation with the sharpest interest rate increases since the 1980s without tipping the U.S. economy into a recession. Powell is slated to…#federalreserve #jeromepowell #capitolhill #herculean #labordepartment #cmegroup #fedwatchtool #atlantafed #raphaelbostic #republicans (Source: Reuters: Health)
Source: Reuters: Health - March 7, 2023 Category: Consumer Health News Source Type: news
Bank of America CEO sees U.S. technical recession in 3rd qtr
Chief Executive Officer Brian Moynihan said on Tuesday the U.S. economy would reach a technical recession starting in the third quarter. Moynihan told The Financial Review's Business Summit in Sydney a U.S. recession would not be deep and the bank forecast interest rates would start falling in the…#bankofamerica #brianmoynihan #sydney #lewisjackson #scottmurdoch #chrisreese #richardchang (Source: Reuters: Health)
Source: Reuters: Health - March 7, 2023 Category: Consumer Health News Source Type: news
Why the Recession Is Always Six Months Away
The next economic downturn has become the most anticipated recession in recent U.S. history. It also keeps getting postponed. Recent strong hiring and consumer spending are the latest evidence that the pandemic and the unprecedented policy measures that followed are interfering with the Federal…#federalreserves (Source: Reuters: Health)
Source: Reuters: Health - March 6, 2023 Category: Consumer Health News Source Type: news
Proof that we are in recession
(Source: Reuters: Health)
Source: Reuters: Health - March 6, 2023 Category: Consumer Health News Source Type: news
Why the Recession Is Always Six Months Away
The next economic downturn has become the most anticipated recession in recent U.S. history. It also keeps getting postponed. Recent strong hiring and consumer spending are the latest evidence that the pandemic and the unprecedented policy measures that followed are interfering with the Federal…#federalreserves (Source: Reuters: Health)
Source: Reuters: Health - March 6, 2023 Category: Consumer Health News Source Type: news
3 Cannabis Stocks to Avoid Like the Plague in March 2023
The cannabis industry faced several challenges last year, including overproduction amid high inflation weighing on overall demand. With growing concerns over rising inflation and a looming recession, the industry is... The cannabis industry faced several challenges last year, including…#tilray #canopygrowth #sundialgrowers #tilraybrandsinc #sundialgrowersinc #districtofcolumbia #colorado #michigan #oregon #massachusetts (Source: Reuters: Health)
Source: Reuters: Health - March 6, 2023 Category: Consumer Health News Source Type: news
Larry Summers: US economy could hit an ‘air pocket’ in the coming months
The US economy may still be running fast and strong, but its risk of suddenly falling into a recession still looms large, despite the Federal Reserve’s efforts, former Treasury Secretary Larry Summers warned Monday. Summers told CNN’s Poppy Harlow in an interview that he expects the Fed will have…#federalreserves #treasury #larrysummers #summers #poppyharlow #awileecoyote #federalreserve #jeromepowell #cmefedwatchtool (Source: Reuters: Health)
Source: Reuters: Health - March 6, 2023 Category: Consumer Health News Source Type: news
