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Recession and Falling Stocks Incoming if Fed Doesn’t Cut Rates Says Wharton Professor Jeremy Siegel

Economist Jeremy Siegel, Professor of Finance at the Wharton School of the University of Pennsylvania, has issued a warning on recession and falling stocks if the Federal Reserve doesn’t cut interest rates in September. During a recent appearance on CNBC, Siegel explained that a recent...

BCA Research Analyst Predicts Deep Recession, S&P 500 to Drop By 30%

The U.S. stock market has been thriving lately, with stocks reaching record highs in May. But according to BCA Research chief global strategist Peter Berezin, things could soon change for the worse. In a recent note sent to clients, Berezin predicted that the economy of...

U.S. Treasury Secretary Confirms That U.S. Economy is Not Facing Downturn

U.S. Treasury Secretary Janet Yellen confirmed on Monday that she has not seen any evidence of a U.S. economic downturn. Still, she warned that economic momentum remains reliant on the government's ability to pass legislation to support the world's biggest economy. "I don't see any signs...

Strong Economic Data Extinguishes Recession Fears

Strong U.S. economic data continues to pour in this week, pushing consumer confidence in June to its highest level in the last 18 months. This has led economists to pull away from concerns of an impending recession in the coming months. U.S. home sales rose...

Goldman Reduces U.S. Recession Probability Following Debt Deal

Goldman Sachs Group Inc. lowered its probability of a U.S. recession over the next 12 months to 25% after the government's anxiously-awaited debt ceiling deal was signed into law. This comes after the investment group upgraded its recession probability to 35% following the collapse...

Treasures Rise and Stocks Weaken Amid Recession Concerns

Treasures rallied as U.S. stocks fell on Thursday following rising signs of a global economic slowdown. Contracts on the S&P 500 fell by 0.4% after the index fell to its lowest level in a month on Wednesday. Nasdaq 100 futures as well as those...