Buses pass in the City of London financial district outside the Royal Exchange near the Bank of England on 2nd July 2021 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images LONDON — The ...
Tag: Economists
Here’s exactly where ‘whiplash-inducing’ mortgage rates are headed this year, according to 6 economists and real estate pros
Where are mortgage rates headed? Getty Images Rates are trending upwards, pros say. Indeed, many pros say estimate that the Federal Reserve will raise interest rates in November and December. And for ...
Economists Discuss Russia, China Potentially Developing Gold-Backed Currency That Could Undermine US Dollar – Economics Bitcoin News
Economists have weighed in on reports that China and Russia may be developing a new gold-backed currency that could undermine the U.S. dollar’s status as the world’s primary reserve currency. Russia a...
257 Economists Say Global Recession Is Near, US Trade Restrictions Against China Could Stir Taiwan Invasion – Economics Bitcoin News
According to 257 economists polled by Reuters, the global economy is approaching a recession, but 70% of the survey’s participants believe the chances of a sharp rise in unemployment levels will be lo...
Economists Warn U.S. Already In Recession Or Could Be Soon—The Latest In A Series Of Dismal Forecasts
Topline The United States is already in a recession or could tip into one soon, economists surveyed by the National Association for Business Economics (NABE) warned on Monday, the latest in a series o...
Bloomberg economists now see a 100% chance of a recession within 1 year — here are 3 simple ways to prep for this ‘guaranteed’ decline
There’s now a 100% chance of a recession hitting the U.S. economy in a year, according to the latest forecast from Bloomberg. Bloomberg economists Anna Wong and Eliza Winger had previously predicted a...
Fed’s benchmark interest rate may peak above 5% after Sept inflation data, some economists think
When the Federal Reserve started to raise its benchmark policy interest rate by super-sized 0.75 percentage points in June this year, a few Fed officials and private sector economists talked about how...
The Economist’s cover featuring Bitcoin along with major currencies has Twitter guessing
Twitter user @HKBelvedere recently posted a cover from the British weekly newspaper The Economist, accompanied by the text: “Another spooky cover from The Economist dropped a few days ago. Make of it ...
Economists debunk the banking system and win the Nobel Prize
Three economists were awarded the Nobel Prize in economic sciences for their decades of research on societal reactions to financial crises and avoiding bank collapses. Three economists were awarded th...
Three US Economists Nab This Year’s Nobel Prize for Economic Sciences
The winners of the Nobel Economics prize are not just experts in their respective spheres but are renowned authorities whose positions and views about current global economic turmoil remain very respe...
USD Index Starts Inching Toward Highs Again, Société Générale Economists Say Rebound Towards 114.8 Peak ‘Is Not Ruled Out’ – Coinotizia
In 2022, the U.S. dollar has been very strong, despite the global economy’s downturn and the rising inflation worldwide. 12 days ago, the U.S. Dollar Index (DXY) rallied to a high of 114.8 and since t...
USD Index Starts Inching Toward Highs Again, Société Générale Economists Say Rebound Towards 114.8 Peak ‘Is Not Ruled Out’ – Economics Bitcoin News
In 2022, the U.S. dollar has been very strong, despite the global economy’s downturn and the rising inflation worldwide. 12 days ago, the U.S. Dollar Index (DXY) rallied to a high of 114.8 and since t...
Economists react to Sept. data
The relative strength of Friday’s jobs report has increased the likelihood that Federal Reserve officials will continue a path of aggressive monetary tightening that has already brought their be...
The job market is cooling but workers still have power, say economists
Hinterhaus Productions | Getty Images There are signs the hot job market is cooling — but workers still have bargaining power for now, according to labor economists. Job openings, a barometer of emplo...
Mortgage rates recently hit their highest level since 2007. Here’s what 5 economists and real estate pros say will happen next with rates
Where will mortgage rates go from here? Getty Images Since the start of the year, mortgage rates have been trending upwards — and according to many experts, this trend will likely continue through Oct...
Layoffs loom on the horizon, some economists say
From rising inflation to a red-hot job market and the negative gross domestic product in between, economists are divided on the health of the U.S. economy. “There has been a lot of talk recently...
Despite What Economists Believe, Putting People Out of Work Does Not Reduce ‘Inflation’
Recently the New York TimesNYT reported on the ShotMaster Pro, a remarkable piece of machinery that can make eight different espressos at a time, or 700 per hour. The cost of this modern “robot” is $5...
A surging U.S. dollar is already sending ‘danger signals,’ economists warn
The Federal Reserve’s aggressive efforts to wring out inflation have sent the U.S. dollar soaring to historic highs — further aiding the effort to get price pressures under control. Beware, however, t...
Economists are divided on the risk of a U.S. recession
Is the U.S. economy showing no signs of a recession or hurtling inescapably towards one? Is it in fact already in one? More than a month after the country recorded two successive quarters of economic...
British pound seen trading near parity with the dollar, economists say, as selloff takes Wall Street by surprise
It’s a notion once thought impossible. As the British pound trades at its weakest level against the dollar in more than two years on Friday, some economists expect it could close in on parity with the...
If Economists Fear Inflation, It’s a Sign You Should Not
It was a running joke in the late 1990s at Goldman Sachs that its well-to-do clients would call the investment bank to learn the predictions of the firm’s economists, only to commit capital to outcome...
230 Economists Warn the US Government’s Proposed Inflation Reduction Act Will Fuel Inflation – Economics Bitcoin News
Last week, Democrats unveiled climate and health care legislation called the “Inflation Reduction Act,” and there’s a lot of debate over the name of the proposed public policy measures. After the legi...
Is the economy in a recession? Top economists weigh in
‘We should have an objective definition’ Officially, the NBER defines a recession as “a significant decline in economic activity that is spread across the economy and lasts more than...
9 years after media covered Bitcoin hitting $1 billion market cap; Are economists still puzzled?
More than nine years ago, Bitcoin (BTC) reached a market capitalization of $1 billion, after its price at the time surpassed $95, leaving financial experts scratching their heads over the flagship dig...
‘Continuing home price deceleration.’ Here’s what 5 economists and real estate pros predict will happen to the housing market this year
What will happen in the housing market this year? Getty Images When will home price growth really slow down? Will mortgage rates continue their upward climb? What do I need to know if I’m trying to bu...
ECB Economists Suggest Limiting Access to Digital Euro to Protect Banks – Finance Bitcoin News
A group of economists evaluating the potential effects of a digital euro have insisted that restricting access to the upcoming currency is necessary to preserve the current financial system. Their stu...
Economists Say Fed Could Shrink Balance Sheet in 2023, Critics Insist Central Bank Hasn’t Reduced QE at All – Economics Bitcoin News
With inflation soaring in the U.S., economists from monetary policy analytics and forecasting firm LH Meyer say the U.S. Federal Reserve could stop shrinking its balance sheet earlier than expected. H...
When will inflation peak? Consumers and economists see light at the end of the tunnel (but it’s a long tunnel)
Consumers think inflation still has to boil over before it cools, according to the Federal Reserve Bank of New York’s latest read on people’s economic expectations. Inflation hit 9.1% on the year in J...
Nearly Half Of Economists Believe Recession Is Coming, Survey Finds
Topline Some 47.5% of economists believe the economy is headed toward recession, according to a new Bloomberg survey released Friday, a 17.5% jump from last month as soaring inflation and widespread l...
How inflation can hurt and help consumers, according to economists
A person shops for groceries on March 10, 2022 in the Prospect Lefferts Garden neighborhood of Brooklyn. Michael M. Santiago | Getty Images News | Getty Images Inflation hit a new 40-year high in June...
Will mortgage rates soon hit 7%? What economists and real estate pros say
Will mortgage rates rise? Getty Images/iStockphoto Mortgage rates have been on a steady climb upwards: While they started the year at around 3.5% for a 30-year fixed-rate mortgage, they’ve since climb...
Gas Price-Sparked Interest In EVs Is No Passing Fad, Cox Economists Predict
NEW YORK, NEW YORK – JUNE 01: Gas prices are displayed at a Manhattan station on June 01, 2022 in … [+] New York City. Cox Auto predicts higher electric vehicle sales even after the gas pr...