Deutsche Bank says there’s a 90% chance of recession. But, without one, S&P 500 can get to 5,000.
One of Wall Street’s most pessimistic banks is conceding that the economic outlook has improved. But Deutsche Bank, in a new update of its house view, still says there’s a 90% chance of a U.S. recession this year. It says that while there’s evidence inflation has peaked, it’s still well above central-bank targets and likely […]
Market Rally Stirs Concerns It Could Feed Inflation
MarketsFinanceEconomists disagree about importance of market-driven financial conditions relative to Fed’s interest rates Source link
‘Wow,” Fed’s Daly says after killer jobs report, but it doesn’t alter Fed’s inflation-fighting plan
The president of the San Francisco Federal Reserve said the huge increase in new U.S. jobs in January was a “wow” report, but she stressed the central bank needs more information before it decides how much further to raise interest rates. “What I am seeing is a strong labor market,” Mary Daly said in an […]
U.S. employment costs rise more slowly, but still too fast for Fed comfort
The numbers: The U.S. employment cost index rose more slowly at the end of 2022 for the third quarter in a row, but worker compensation still rose a sharp 1% and didn’t offer much comfort to the Federal Reserve as it fights to tame inflation. Economists polled by The Wall Street Journal had forecast a […]
South Korea’s economy contracts sequentially in Q4 for first time in 2 years
South Korea’s economy contracted sequentially in the fourth quarter of 2022 for the first time in more than two years due to weak exports and private consumption. Gross domestic product shrank 0.4% from the prior quarter during the October-December period–the first sequential contraction since the second quarter of 2020–after a 0.3% expansion in the third […]
China’s Reopening Complicates Global Fight Against Inflation: WSJ
Stronger Chinese economy will boost demand for commodities but could ease supply-chain bottlenecks, sending mixed signals for central bankers… Source link
Bad omen? Americans ate out less over the holiday season.
What’s one of the first things people do when they get worried about the economy? They cook more at home and eat out less. That’s what happened toward the end of 2022. Sales at bars and restaurants fell in both November and December — the first back-to-back monthly declines in almost a year. Receipts at […]
At Davos, Mood Is Somber as Many CEOs Question Economic Outlook
BusinessBusiness leaders at the World Economic Forum also see signs of hope: ‘There are all kinds of shoes that could have dropped’ Source link
Investors are ‘desperate’ for a recession that forces the Fed to pivot but what happens to markets if the economy remains healthy this year ?
As 2023 gets underway markets are clinging to expectations that the U.S. economy will slide into a recession that effectively forces the Federal Reserve to start cutting interest rates, lower bond yields and borrowing costs, and perhaps help stock market valuations. U.S. economic data released over the past few months show that inflation has moderated, […]
Treasury yields slip after World Bank warning adds to global growth concerns and traders eye inflation data
U.S. bond yields fell on Wednesday as concerns about global economic growth lingered and traders looked ahead to U.S. inflation data, while an auction of 10-year notes met strong demand.What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 4.224% slipped 0.8 basis point to 4.249%. Yields and debt prices move opposite each other. The yield […]