Recession

The market is not fretting over the possibility of a recession, according to an analyst, despite concerns over the economy softening. There is one metric that proves that the U.S. is not headed there, said Nick Colas, co-founder of Datatrek. “U.S. corporate bond spreads are off their 2024...

Renowned economist Peter Schiff has issued a stark warning about the U.S. economy, suggesting that Federal Reserve rate cuts will not stave off a recession. What Happened: Peter Schiff, a well-known gold advocate and critic of Bitcoin (CRYPTO: BTC), has issued a warning about the U.S. economy....

La Rioja, an Argentine province, has introduced its own quasi-currency, the Debt Cancellation Bond (BOCADE), or “chachos.” This move is a reaction to the economic crisis sparked by President Javier Milei’s austerity measures. What Happened: La Rioja’s “chachos”...

Barry Knapp, managing partner and director of research at Ironsides Macroeconomics, has expressed concerns about the state of the U.S. economy, suggesting that a recession could be on the horizon by election day. What Happened: Knapp shared his views on the economy during CNBC‘s “Squawk...

In the face of economic uncertainty, UBS Global Wealth Management has revised its U.S. recession odds from 20% to 25%. This adjustment comes on the heels of softening job growth and unsettling July unemployment data. What Happened: UBS Global Wealth Management increased its recession odds due to...

The past week has been a rollercoaster ride for investors, with potential policy changes, economic warning signs, and market slowdown predictions making headlines. Here’s a quick recap of the top stories that kept the financial world buzzing over the weekend. Kamala Harris’ Economic...

While the U.S. economy has held up seemingly well despite high interest rates, some market experts don't believe everything is as good as it seems. Scott Shellady, aka ‘The Cow Guy,' joined Benzinga's PreMarket Prep Friday morning, and argued that government-reported labor data has not reflected a...

Ahead of the highly anticipated Jackson Hole Symposium, a leading strategist has warned of an impending U.S. recession, despite potential Federal Reserve rate cuts. What Happened: BCA Research predicts an impending U.S. recession, asserting that anticipated Federal Reserve rate cuts will not avert...

Neil Irwin, Chief Economic Correspondent at Axios, has identified various economic “warning signs” but assures recession is not yet here. What Happened: During CNBC’s “Squawk Box” on Wednesday, Irwin highlighted the “warning signs” such as credit card and...

Goldman Sachs has revised its U.S. recession forecast, reducing the probability of a recession within the next 12 months to 20%. This revision comes just two weeks after the investment bank increased the odds from 15% to 25% following a weaker-than-expected July jobs report. In a note authored by...

Mary Daly, the President of the San Francisco Federal Reserve, expressed her support for a cautious approach to interest rate cuts, in a recent interview. This comes amid mounting confidence in inflation control. What Happened: Daly, a voting member of the Federal Open Market Committee, has...

In the wake of promising retail sales and jobless claims data, Goldman Sachs Group Inc. economists have revised the risk of a U.S. recession in the next year from 25% to 20%. What Happened: The team of economists at Goldman Sachs reassessed the recession risk due to positive economic data released...

Prominent economist and vocal Bitcoin (CRYPTO: BTC) critic Peter Schiff cautioned that a combination of lower interest rates and a recession could lead to a surge in inflation. This, he believes, could be triggered by increased federal deficits and a weaker dollar. What Happened: On Tuesday, Schiff...

Jeremy Siegel, a prominent finance professor at the Wharton School, has backtracked on his earlier call for an emergency interest rate cut by the Federal Reserve. However, he is still advocating for a rapid and aggressive rate reduction. What Happened: Siegel retracted his previous suggestion for...

Jason Furman, former Chairman of the White House Council of Economic Advisers during Barack Obama‘s tenure, dismissed fears of an imminent U.S. recession but urges the Federal Reserve to act decisively if unemployment rises. What Happened: On Thursday, Furman spoke during CNBC’s “...