Welcome To The Biden Recession: Q2 GDP “Unexpectedly” Shrinks 0.9%, 2nd Consecutive Decline
Considering the dismal Atlanta Fed GDPNow prints in recent weeks, and considering the full-court press by the Biden admin to change the definition of recession,...
Based on Analysis of the Final Q2 GDPNow, a Recession Started in May – Mish Talk
Tomorrow, the BEA releases its preliminary (advance) estimate of GDP for the second quarter of 2022. The above chart shows how the Atlanta Fed GDPNow...
The market’s recent rally could be an ‘unwelcome development’ for Fed
On Wednesday, the Federal Reserve continued efforts to tame inflation by raising interest rates for the fourth consecutive time — and communicating that more hikes...
Treasury Traders Slash Fed-Hike Expectations as Economy Shrinks
(Bloomberg) — Treasuries rallied, dragging yields down sharply, as traders pared expectations for how much policy tightening the Federal Reserve will do based on a...
If ECB sees market ‘panic,’ will activate debt shield, Visco says
FRANKFURT (Reuters) – The European Central Bank needs to see signs of “panic” on bond markets to activate its debt-buying programme, ECB policymaker Ignazio Visco...
Even at 0%, Rising Rates Loom Over Europe’s Weakest Economies
Reuters ‘Embrace the uncertainty’ from less central bank guidance – former Fed officials Investors and policymakers should welcome the Federal Reserve’s changing tack to provide...
‘Savings are gonna run out’: Already battered by high inflation, Fed’s rate hike will hit lower-income and rural Americans hard
The Federal Reserve hiked its benchmark rate by 0.75 percentage points on Wednesday in an effort to temper the rising costs of consumer goods and...
These Are Americans’ Biggest Inflation Concerns
With inflation at the highest level since 1981 and wages not keeping pace, many Americans are struggling to make ends meet. And while a fresh poll from Morning Consult...
‘Embrace the uncertainty’ from less central bank guidance
By Lisa Pauline Mattackal (Reuters) – Investors and policymakers should welcome the Federal Reserve’s changing tack to provide less definitive signals on forward guidance, even...
Recession or Not, the Recovery Has Ended
Whether a recession is eventually declared, the message from the latest economic data is just as sobering: The recovery is, effectively, over. To be sure,...