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US RECESSION NEWS

US economy likely created modest 130,000 jobs last month as Trump trade wars lift recession fears

April 04, 2025 10:38 am

President Donald Trump’s trade wars – including the sweeping “Liberation Day’’ import taxes he announced Wednesday – threaten to drive up prices, disrupt commerce and invite retaliatory tariffs from America’s trading partners.

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Wall Street set to tumble as recession worries spook investors

August 05, 2024 7:26 pm

The premarket selloff was brutal, with the so-called Magnificent Seven group of stocks - the main driver for the indexes hitting record highs earlier this year - set to lose a combined $1.3 trillion in market value.

Big US recession unlikely, says Standard Chartered CEO Bill Winters

May 08, 2023 4:16 pm

Central banks need "to make sure that solvent banks - otherwise healthy banks - have access to liquidity," Standard Chartered CEO Bill Winters said adding that the US Federal Reserve did not do a good job "in the eye in the storm".

Oil climbs as recession fears begin to fade

May 08, 2023 2:54 pm

A healthy US jobs report for April helped oil to climb by about 4 per cent on Friday even though labour market strength could compel the Federal Reserve to keep interest rates higher for longer.

US economy likely to fall into recession in late 2023 due to banking crisis, shows Fed minutes

April 13, 2023 2:12 pm

According to the minutes of the Federal Open Market Committee's March 21-22 meeting, several policymakers of the US central bank last month considered pausing interest rates after the failure of two regional banks.

U.S. banks fallout will intensify margin headwinds for Aussie lenders, UBS says

March 29, 2023 10:05 am

Three of the "Big Four" banks barring CBA lost between 1% and 5% from March 10.

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US Fed's Powell says inflation battle not won, more rate hikes coming

December 15, 2022 10:34 am

He described the slow rate of economic growth penciled in by Fed officials next year as still "modest."

Inflation forecasts were wrong last year. Should we believe them now?

December 13, 2022 3:21 pm

Economists expect fresh data scheduled for release on Tuesday to show that the Consumer Price Index climbed by 7.3% in the year through November.

World economy seen slowing further in 2023, with likely US recession

November 21, 2022 9:32 pm

The US Federal Reserve has increased interest rates by 375 basis points this year since rolling out its first hike in March.

Jerome Powell, US Fed chair Jerome Powell

Jerome Powell’s bond market recession indicator is sending a warning

July 27, 2022 10:19 am

The difference between rates on where three-month bills are now and where they will be in 18 months has tumbled about 95 basis points in July, the biggest monthly decline in data starting in 1996. A vast swathe of the US yield curve inverted in recent weeks as recession fears spurred investors to pile into longer maturities.