Tag: US economy recession

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...

Japanese stocks rose on Monday morning as investors became more confident that the US economy is more likely to avoid an impending recession. The Nikkei 225 was up 0.7%, reaching a one-month high, while the Topix advanced 1.02% to 2,368.29, its highest level in the...

U.S. and European stocks advanced on Wednesday following a wave of upbeat company earnings reports. Investor confidence consequently rose, subduing previous concerns driven by the potential return of the Federal Reserve's interest rate hikes and the economic recession that may follow. In Europe, the pan-European...

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...

U.S. economic growth decelerated over the first quarter of 2023, slowing to a rate of 1.1% growth on an annual basis. This comes as higher interest rates curbed the housing market and businesses continued to reduce inventory levels. Figures from the Commerce Department showed that...