The Latest Breaking News from Recession

As the Fed battles sky-high inflation with aggressive rate hikes, the market is fuming with recessionary concerns. Moreover, consumer confidence has been declining amid the slowdown in the global economy. Thus, it could be wise to steer clear of fundamentally weak stocks Marvell Technology (MRVL) and ContextLogic (WISH). Read more.

The Fed's target interest rate has to be higher than inflation for real interest rates to be positive. Rate hikes may not lead to a recession this time.

Factory output likely to fall further as consumers’ real incomes are hit by inflation, economists say

At the end of the last decade, General Mills and its competitors were fighting for every penny as many consumers abandoned legacy packaged food brands.

Since the sky-high inflation persisted in September, the Fed is expected to launch another 75-basis-point rate hike this week. The stock market has been under pressure this year as investors remained anxious about the possibility of a recession. However, some fundamentally strong stocks, such as Altria Group (MO), Cummins (CMI),…

Democrats’ prospects for holding onto Congress are fading a week before the U.S. election as voters focus on economic concerns rather than the rollback of abortion rights, bolstering Republicans who have made inflation a central issue in the race.

The Fed officials seem all set to approve a massive rate hike in its upcoming meeting, paving the way for the policy rate to climb above 5% by March next year. The rapid tightening of monetary policy will likely trigger a recession. Thus, investing in resilient stocks Visa (V), Centene…

UN body says economic and political crises threaten rise in jobs and hours worked after Covid pandemic

Most economists now expect a recession to impact jobs and incomes in the U.S. by 2024. If you’re trying to change your spending and saving to prepare, you wouldn’t be alone — 74 percent of Americans are changing how they manage their finances to prepare for an upcoming economic downturn.…

This economy can’t go on forever. GDP may still be growing, but it’s at an anemic rate. And other indicators are piling up that suggest a recession is imminent: The yield curve is inverting, hiring and house price growth is slowing and Philadelphia may win the World Series.

The rebound in U.S. gross domestic product in the third quarter comes as a welcome surprise for Democrats heading into midterm elections, potentially putting to rest the notion that the country is already in a recession. But for workers and investors, the report isn’t quite so reassuring.