[ad_1] The Chicago Business Barometer, also known as the Chicago PMI, plummeted to 37.2 in November from 45.2 in the prior month. This is the lowest level since the pandemic hit in early…
[ad_1] South Korea’s central bank has eased the pace of interest-rate increases to curb high inflation, lowering its 2023 growth and inflation forecasts. The Bank of Korea raised the benchmark…
[ad_1] Senior officials at the Federal Reserve expect smaller increases in interest rates will “soon be appropriate” as the threat of recession grows. Although the Fed still expects rates to…
[ad_1] The latest rally in U.S. stocks following signs of cooling inflation isn’t likely sustainable, warned Scott Wren, senior global market strategist at the Wells Fargo Investment Institute. Instead, Wren…
[ad_1] The numbers: Consumer sentiment soured in November, hitting its lowest level since July as Americans contended with continued inflation and a worsening economic outlook. The University of Michigan’s gauge…
[ad_1] The Federal Reserve should still raise its benchmark interest rate slightly above a 4.5%-4.75% rate despite the “welcome’ consumer price data released earlier Wednesday, said San Francisco Fed President…
[ad_1] Even as Americans contend with high inflation and markets remain in bear territory, U.S. Treasury Secretary Janet Yellen says she doesn’t think we’re headed into a recession, pointing to…
[ad_1] The numbers: A key gauge of U.S. inflation rose a mild 0.3% in September, aided by the lower cost of gas. Yet prices are still going up even if…
[ad_1] NASHVILLE, Tenn. — Former Federal Reserve vice chairman Roger Ferguson says the U.S. central bank will continue to hike rates multiple times this year, but at a slower pace,…
[ad_1] The numbers: The S&P CoreLogic Case-Shiller 20-city house-price index fell 1.3% in August, its second consecutive monthly decline. Year-over-year price appreciation rose 13.1%, but that reflects the stronger conditions…
[ad_1] NASHVILLE, Tenn. — High mortgage rates and recession fears are hurting home prices, so expect growth to be flat this year, one expert says. “Our forecast is for home-price…
[ad_1] The Federal Reserve can get inflation back down to its 2% target without throwing a wrench in the strong labor market, said St. Louis Fed President James Bullard on…
[ad_1] American CEO confidence has plunged to its lowest levels since the so-called Great Recession of 2007–09 as central banks scramble to tame decades-high inflation, according to the results of…
[ad_1] The numbers: The New York Fed’s Empire State business conditions index, a gauge of manufacturing activity in the state, fell 7.6 points to negative 9.1 in October, the regional…
[ad_1] The numbers: U.S. mortgage rates have resumed their journey upwards, hitting a 20-year high. The 30-year fixed-rate mortgage averaged 6.92% as of October 13, according to data released by…
[ad_1] Rules of thumb in investing appear to no longer apply in the carnage of 2022 in financial markets. Advocates for the 60/40 portfolio split, designed to capture the upside…
[ad_1] The Federal Reserve needs to keep raising its benchmark interest rate in order to cool inflation that hit a 40-year high earlier this year and has shown little signs…
[ad_1] The numbers: The trade deficit fell in August to a 15-month low of $67.4 billion, paving the way for a resumption of growth in U.S. gross domestic product in…
[ad_1] There are signs that the U.S. labor market is starting to cool off a bit, San Francisco Federal Reserve President Mary Daly said Tuesday. “I think…some of the churn…
[ad_1] Turns out Americans aren’t sitting on a big pile of savings to help them endure high inflation or another recession. The U.S. savings rate fell to a 14-year low…
[ad_1] The Federal Reserve does not need to induce a deep recession in order to bring down high inflation, San Francisco Fed President Mary Daly said Thursday. “Inducing a deep…
[ad_1] Ken Griffin, the billionaire founder and chief executive of the hedge fund Citadel, thinks the U.S. may have already hit peak inflation, though a recession is still possible. Speaking…
[ad_1] The numbers: Home shoppers are fed up waiting for the economy to turn, and with the prospect of further rate hikes, they’re slowly coming around to purchasing new homes…
[ad_1] Hi, MarketWatchers. Don’t miss these top stories. Brace yourself: The Fed is about to inflict ‘some pain’ with a 75-basis-point rate hike. Here’s how to prepare your wallet and…
[ad_1] The decline of refugees arriving in the U.S. costs the overall economy over $9.1 billion a year, according to a peer-reviewed paper published in the Oxford Review of Economic…