Tag: recession in the United States

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 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 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 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...

U.S. stocks declined marginally on Wednesday following corporate financial updates warning of an "earnings recession". This assessment comes after analysts reflected on the government's retail sales report, indicating a slowdown in consumer spending over December 2022. In response, St. Louis Fed President James Bullard recommended...

The Federal Reserve's decision to raise interest rates by 0.75 percentage points has prompted many experts to predict that the U.S. economy will inevitably enter recession at one point. Deutsche Bank seems to be the most bullish in its forecasts and is now predicting...