Category: U.S. economic growth

Economy to Grow Slower, Inflation ‘Far Too High’: Fed’s Williams

November 30, 2022
Business & Marketseconomic policieseconomyFederal Open Market Committee (FOMC)high inflationinflationinterest rate hikesNew York Federal ReserveU.S. economic growthUS
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John Williams, president of the Federal Reserve Bank of New York, is expecting America’s economic growth to slow down and inflation to cool in the coming years. Due to the Fed’s tightening monetary policy, broad measures of financial conditions, including borrowing, equity prices, and mortgage rates, have become “significantly less supportive of spending.” Williams said…

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America’s Business Activity Slump Deepens as Manufacturing and Services Contract More Than Expected

November 24, 2022
Business & Marketsbusiness activityeconomic outputeconomyindustrial outputManufacturing IndustryrecessionU.S. economic growthUS
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Business activity in the United States fell in November for the fifth consecutive month, with the manufacturing and service sectors registering declines according to a recent report by S&P Global. The Flash US PMI Composite Output Index was at 46.3 in November, down from 48.2 at the beginning of the fourth quarter, according to a…

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JPMorgan CEO Warns of Looming Risks for Economy

July 15, 2022
Business & MarketsCompanieseconomic recessioneconomyhigh inflationJamie DimonJPMorganrecessionU.S. economic growthUS
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JPMorgan CEO Jamie Dimon has warned about a potential economic slowdown even while noting that the American economy is growing, and both the job market and consumer spending remain healthy. “Geopolitical tension, high inflation, waning consumer confidence, the uncertainty about how high rates have to go, and the never-before-seen quantitative tightening and their effects on…

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‘Remarkable Drop’ in Demand for Goods and Services as Recession Fears Mount in America: S&P Economist

June 24, 2022
Business & MarketsBusiness Confidenceconsumer demandeconomic recessioneconomyinflationrecessionU.S. economic growthUS
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The demand for goods and services in the U.S. economy has suffered in recent weeks, S&P economist Chris Williamson said while raising concerns about the country slipping into recession. The pace of America’s economic growth has “slowed sharply” in June, with “deteriorating forward-looking indicators” setting the stage for an “economic contraction” during Q3, 2022, Williamson,…

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Inflation, Supply Crunch, and Omicron Push US Growth Forecasts Down

January 17, 2022
Business & EconomyBusinesses in COVID-19economyinflationOmicron variantU.S. economic growthUncategorizedUSus inflation issue
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The U.S. economic forecast for the first quarter of 2022 looks dim, as high inflation, supply chain and labor disruptions, and Omicron slow down growth, according to the results from a survey conducted by the Wall Street Journal, of 69 business, academic, and financial forecasters. Annual growth rate predictions for the first quarter have slid to…

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Inflation, Supply Crunch, Omicron Push US Growth Forecasts Down

January 17, 2022
Business & EconomyBusinesses in COVID-19economyinflationOmicron variantU.S. economic growthUncategorizedUSus inflation issue
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The U.S. economic forecast for the first quarter of 2022 looks dim, as high inflation, supply chain and labor disruptions, and Omicron slow down growth, according to results from a survey conducted by The Wall Street Journal of 69 business, academic, and financial forecasters. Annual growth rate predictions for the first quarter have slid to 3…

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