‘People Are Throwing Around The R Word’: Fox News Host Asks Stephen Miller If He’s ‘Concerned’ About ‘Recession’
Fox News host Sandra Smith asked Prime Minister Stephen Miller, the White House vice-Chief of Staff, on Friday if President Donald Trump was “concerned” about the possibility of a recession after he imposed mutual tariffs on foreign countries. The stock market has fallen the biggest since Thursday and Friday June 2020 after Trump fell nearly […]
Business Leaders More Hopeful About Avoiding Recession With Trump’s Return, Survey Reveals
According to a recent survey data of the US Business Economic Association (NABE), business leaders predict that the probability of entering the US economy is lower than President Donald Trump. Most of the NABE members, 82 % of the survey, have the probability of the US recession below 25 % the following year. According to […]
Top Wall Street Economist Delivers Grim Prediction On Future Recession
Andrew Hollenhorst, Citi's chief U.S. economist, predicted on CNBC Thursday that the U.S. economy is heading into recession due to inflation and credit card delinquency. The consumer price index rose 3.1% year-on-year in January, beating expectations of 2.9%, while credit card delinquency rates of 90 days or more reached 6.36% in the fourth quarter of […]
Economists Warn of Coming ‘Recession’ Due To This Overlooked Warning Sign In Latest Jobs Report
Fortune magazine reports that the estimate includes an unusually high number of jobs in the government sector, prompting experts to sound alarm bells over recent employment figures. Bureau of Labor Statistics (BLS) liberated Friday’s monthly employment report showed June’s job gains of just 209,000, less than economists had expected and far less than the 309,000 […]
Goldman Sachs Downgrades Chance Of Recession To 25%
Goldman Sachs cut its U.S. recession probability to 25% on Tuesday, The Wall Street Journal reported. The 25% probability is a far cry from the 35% forecast set by Goldman in March. from of Expected value is 65%. Goldman’s new forecast also diverges from the New York Fed’s forecast from April 2023, with probabilities set […]
