Tag: recession

Biden: There’s ‘No Guarantee’ That Rising Inflation Will Go Away

November 11, 2022
2022 Midterm ElectionsbidenBusiness & MarketsCompaniesDemocratseconomic policieseconomyenergyenergy pricesExecutive BranchinflationMarketsPolicies & ImpactsPoliticsrecessionUS
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President Joe Biden admitted that he could not “guarantee” that his administration would be able to stop rising inflation. Biden’s comments on inflation came a day after the midterm elections. He stated that he will stay the course and do “nothing” differently for the next two years of his term in office. A reporter, at a…

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A Financial Vulnerability

November 11, 2022
Business & MarketsBusiness ColumnistsFannie MaeFreddie MacmortgageOpinionrecessionThinking About China
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Commentary Financial fears have grown as interest rates have risen and the shadow of recession has lengthened. Most worrying are what might be termed undefined risks. Declines in stock and bond market values, though troubling, are nonetheless quantifiable and well-defined. In contrast are the kinds of vague risks introduced by Washington’s mortgage giants, the Federal…

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Chancellor Warns of ‘Tough Road Ahead’ as UK Economy Starts to Shrink

November 11, 2022
Business & MarketseconomyinflationJeremy HuntrecessionUKWorld
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Chancellor of the Exchequer Jeremy Hunt has warned that the UK is facing a “tough road ahead” as new data shows the economy has begun to shrink. According to the latest release from the Office for National Statistics (ONS), the UK’s gross domestic product (GDP) shrank by about 0.2 percent between July and September. Monthly…

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Wall Street Opens Higher on Fed Optimism

November 11, 2022
Business & Marketseconomic policieseconomyinflationMarketsrecessionstocksUS
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Wall Street’s main indexes opened higher on Friday, extending gains from the previous session after soft inflation data supported expectations of smaller interest rate hikes by the U.S. Federal Reserve. The Dow Jones Industrial Average rose 82.38 points, or 0.24 percent, at the open to 33,797.75. The S&P 500 opened higher by 7.35 points, or…

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Oil Jumps by 3 Percent as China Eases COVID-19 Curbs

November 11, 2022
Business & Marketseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsOilrecessionstocks
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LONDON—Oil prices jumped by about 3 percent on Friday after health authorities in China, the top global crude importer, eased some of the country’s heavy COVID-19 curbs. Brent crude futures rose $2.86, or 3.1 percent, to $96.53 a barrel by 1145 GMT, extending a 1.1 percent rise in the previous session. U.S. West Texas Intermediate…

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US Futures Point Higher, Adding to Thursday’s Huge Gains

November 11, 2022
Business & MarketsCompanieseconomic policieseconomyenergyglobalGold and CommoditiesinflationMarketsrecessionstocksUS
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Wall Street pointed higher in premarket trading Friday, adding to the hefty gains from a day earlier when government data showed that U.S. inflation eased more than expected, spurring hopes the Federal Reserve might scale down plans for more interest rate hikes. Futures for the Dow Jones Industrial average rose 0.5 percent. Futures for the…

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Energy Bills Nearly 90 Percent Higher in Europe Than a Year Ago

November 10, 2022
Business & Marketseconomic policieseconomyenergyenergy pricesEuropeEuropean UnionNatural gasrecessionRussia-Ukraine WarRussian sanctionsUKWorld
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Energy bills are nearly 90 percent higher for households across Europe compared to a year ago, according to a new report. The massive increase in energy prices throughout Europe has been caused by Russia’s war against Ukraine. The energy crisis caused by the Russia–Ukraine war and the resulting sanctions on Mosco have generated a cost-of…

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Midterm Elections Are Bullish Even in a Bear Market

November 10, 2022
bearishBullishBusiness & MarketsBusiness ColumnistseconomyinflationMarketsMidterm electionsOpinionrecessionUSUS NewsViewpoints
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Commentary  With the midterm elections behind us, does the market outlook improves given a now gridlocked Congress? Historically speaking, such is the case. As noted by Michael Cannivet via Forbes: “Before you hit the panic ‘Sell Everything’ button, though, it’s worth considering at least one bullish catalyst on the horizon—voters head to the ballot box…

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What It Means for Inflation to Be Embedded

November 10, 2022
AnalysisBusiness & MarketsBusiness ColumnistsinflationOpinionrecessionstagflationU.S. economy
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News Analysis Every economic news release these days is an exercise in downplaying disaster. The bureau in question carefully crafts the results announcement, and the media picks up on it, spinning the bad news as good news. It seems to happen every time, such as with the terrible jobs report last week that somehow got…

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Dow Jumps 900 Points on Cooler Inflation Data, but Experts Warn of ‘Disappointment’ as Fight Against Soaring Prices Is Far From Over

November 10, 2022
Business & MarketseconomyinflationMarketspersonal financerecessionUSUS NewsWall Street
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Wall Street’s main equities indexes jumped on the opening bell Thursday as investors bet that lower-than-expected inflation data would prompt the Federal Reserve to ease off on rate hikes. But experts warn it’s far too soon to declare victory in the fight against soaring prices and that investors should brace for more “disappointment.” At the…

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