The Latest Breaking News from Recession

Concerns over high inflation and the potential rate hikes are stoking recession fears and driving immense market volatility. So, dividend-paying stocks Coca-Cola (KO), Keurig Dr Pepper (KDP), Ennis (EBF), Constellation Brands (STZ), and Casey's General Stores (CASY) could be ideal picks now for ensuring a steady income stream. Read more….

The move is intended to curb inflation though previous increases this year have had little effect so far

A series of rate hikes, intended to bring down inflation, have increased the risk the United States will fall into recession.

For 14 years, the federal funds rate has hovered around zero. The Federal Reserve or “Fed” maintained these low rates to stimulate the economy during two steep market downturns: the 2008 Great Recession and the 2020 COVID-19 pandemic sell-off.

The U.S. economy may have eked out modest growth in the second quarter, skirting back-to-back quarterly contractions, but rising at a tepid enough pace to feed concerns of an eventual downturn.

With the current cost-of-living crisis resulting in dramatic inflation, higher interest rates and a looming recession, people have been searching for solutions to the economic crisis. A universal job guarantee may just be the answer we’re looking for, especially since Canada lost 43,000 jobs in June.

WASHINGTON — In the most aggressive back-to-back interest rate increases since the early 1980s economic crisis, the Federal Reserve on Wednesday announced another three-quarters of a percentage point hike and signaled that it wasn’t done in its effort to beat back inflation despite rising risks of triggering a recession.

The Federal Reserve is expected to announce Wednesday another aggressive interest rate increase as the central bank presses its attack on inflation despite rising risks of triggering a recession.

The US central bank is doubling down on fighting the highest inflation in over 40 years.

The U.S. economy is caught in an awkward, painful place

The growing demand for technology solutions and impressive breakthroughs should keep driving the industry’s growth. Since the continued monetary policy tightening and growing recession fears have led to quality tech stocks Audacy (AUD) and Celestica (CLS) currently trading at low prices, it could be worth scooping up these stocks to…