Friday, Dec 09, 2022

US recession


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’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.

Is recession staring us down? Already upon us? Here’s why it’s hard to say

July 26, 2022 10:21 pm

Economic output, as measured by gross domestic product, fell in the first quarter of the year. Government data due this week may show that it fell in the second quarter as well.

Behind virus and protests: A chronic US economic racial gap

June 09, 2020 9:59 am

The coronavirus recession is especially disheartening because African Americans finally seemed to be making headway in the aftermath of the Great Recession of 2007-2009.

Virus pushes US unemployment toward highest since Depression

April 24, 2020 10:31 am

In response to the deepening economic crisis, the House passed a nearly USD 500 billion spending package to help buckled businesses and hospitals.

Somebody had to take China on: Trump on short-term recession in US

August 21, 2019 7:07 am

"Whether it's good or bad, the short term is irrelevant. We have to solve the problem with China because they're taking out USD 500 billion a year plus. Somebody had to take China on," he said.

Tips for spotting US recession before it becomes official

June 16, 2019 10:47 am

Economists look to a wide range of data -- from government, private and market sources -- to try to figure out just when things are headed downhill.

US recession ahead? Fed policymakers say not to worry

April 21, 2018 8:18 am

The Fed policymakers reason that a bigger supply of debt should put downward pressure on Treasury prices and deliver a corresponding lift to yields.

US primed to bring back jobs lost to recession: Obama

January 18, 2014 5:47 pm

Obama said where Congress is not acting, he will act on his own to put opportunity within reach for anyone who is willing to work for it.

Not raising debt ceiling could result in 2008-like situation: US Dept of Treasury

October 04, 2013 9:11 am

Inability to pay bills on time will affect every US citizen,including seniors,veterans and doctors.