The IMF believes that several unsavory macroeconomic parameters, not including Bitcoin price slump, might soon trigger a recession. Amid the recent Bitcoin price dip, the IMF (International Monetary F...
Tag: Recession
Limited Impact From Crypto Crash But Global Recession Likely
In its World Economic Outlook update for July, the International Monetary Fund said that 2022 has been “gloomy and more uncertain.” The report, published on July 26, noted that a “dramatic sell-off” o...
Fed Hikes Benchmark Bank Rate by 75 bps, Elizabeth Warren Says Central Bank Could ‘Trigger a Devastating Recession’ – Economics Bitcoin News
On Wednesday, the U.S. Federal Reserve raised the federal funds rate by 75 basis points (bps) in order to tame inflation and stabilize the American economy. The recent rate hike is the U.S. central ba...
recession could hit in Q1 of 2023
The U.S. Federal Reserve on Wednesday raised rates by another 75 basis points to fight inflation that climbed to an alarming 9.1% in June. What does the Fed signal for its September meeting? The overn...
Fed Chair Jerome Powell said he does not think the U.S. is currently in a recession
Federal Reserve Chairman Jerome Powell said Wednesday he does not believe the U.S. economy is in a recession as the central bank raised rates further to fight inflation. “I do not think the U.S....
IMF Issues Warning, Says Recession To Drag Down Crypto and Spark Stablecoin Chaos: Report
An official from the International Monetary Fund (IMF) says that there could be further drops in both the equities and crypto markets in the near future. In a new interview with Yahoo Finance, Tobias ...
Fed Raises Interest Rates By 75 Basis Points Again As Investors Brace For Recession
Topline The Federal Reserve on Wednesday doubled down on its most aggressive economic tightening campaign in nearly three decades to help temper the nation’s stubbornly high inflation, raising i...
Vox Media cuts staff, slows down hiring as recession fears grow
Jim Bankoff, chairman and chief executive officer of Vox Media Inc. David Paul Morris | Bloomberg | Getty Images Just a month ago, media executives expressed optimism that their companies were well po...
IMF recession warning sees Bitcoin dip under $21K amid fresh $1M BTC price forecast
Bitcoin (BTC) fell below $21,000 for the first time in eight days on July 26 as Wall Street prepared for a decision on United States’ anti-inflation policy. BTC/USD 1-hour candle chart (Bitstamp...
Here are Jim Cramer’s 3 recession scenarios — and his top stock picks under each one
‘Mild, spicy, mad hot’: Here are Jim Cramer’s 3 recession scenarios — and his top stock picks under each one While the official data is yet to indicate a recession, plenty of experts are expecting a m...
US GOVERNMENT REDEFINES THE MEANING OF RECESSION –
Recently, the U.S. government has redefined the actual meaning of recession. The precautionary step has been taken to prevent the economy from falling into recession. According to the Council of Eco...
S&P 500 Falls Over 1% After Walmart’s Profit Warning, Consumer Confidence Tumbles
Topline The stock market fell on Tuesday, with retail stocks leading declines after Walmart slashed its profit outlook for the rest of the year and warned that high inflation is having an impact on co...
Here Are The Major U.S. Job Cuts As Recession Fears Grow
Major U.S. companies have laid off thousands of employees so far this summer, as CEOs fear soaring inflation could tip the economy into a recession. July 26, 2022E-commerce company Shopify became the ...
Crypto Market Dips Below $1T as Recession Fears Loom
Key Takeaways The cryptocurrency market suffered a correction Tuesday, with the Ethereum ecosystem taking a big hit. The dip comes as markets brace for major earnings reports, the next Federal Reserve...
New Home Sales Crater Again As Experts Worry Downturn Could Spark Recession
Topline New home sales unexpectedly plunged much more than economists projected in June, according to data released Tuesday, adding to signs that the housing market is abruptly unraveling pandemic-era...
Here’s how to know if we’re in a recession, and it’s not what you think
Trays of beef are for sale in the meat section of a supermarket in McLean, Virginia, June 10, 2022. Saul Loeb | AFP | Getty Images Everyone who cares knows that recessions happen when there are two co...
IMF Warns Of ‘Gloomy Outlook’ For Global Economy, Slashing Growth Estimates
Topline The International Monetary Fund warned on Tuesday of a slowdown in global economic growth as the world economy continues to take a hit from “increasingly gloomy developments in 2022,” includin...
Home Prices Are Still Rising As Housing Market Faces ‘New Reality’—A Recession Could Force Big Drops In These Major Cities
Topline The good news for buyers is that there was a slight deceleration in home prices in May as higher interest rates continued to temper demand in the booming housing market, according to industry ...
Elon Musk foretells recession; 3 ways to protect your money
Since the beginning of 2022, recessions have been the most prominent stories. The present economic climate is attributed to a number of macroeconomic factors across the world. However, one of the chie...
White House alters the definition of a recession to avoid one
According to a new blog post released by the White House, an economic recession can no longer be quantified by its traditional definition of “two successive quarters of falling real growth”. What’s th...
Voyager Digital Chapter 11: Analyzing FTX’s Proposal
July 25, 2022, 1:06PM EDT • 3 min read Quick Take FTX Trading, West Realm Shires and Alameda partnering together to purchase Voyager’s digital assets and digital asset loans Offer excludes all loans i...
US Government Redefines Recession to Avoid a Recession
The U.S. government redefined the conventional meaning of a recession, ostensibly in order to avoid its economy from slipping into recession earlier than it wants it to. Or at all. That means even if ...
Walmart warning sends stock price plunging, renews recession worries
Walmart just gave all the recession mongers on Wall Street a huge adrenaline shot in the collective arm. The world’s largest retailer slashed its second quarter and full-year profit outlooks lat...
Economist Roubini: ‘Severe’ Recession, Financial Crisis Coming
The economic outlook is murky now. It’s difficult to know when inflation will peak, when it will fall in earnest and thus how far the Federal Reserve will ultimately lift interest rates. It’s also unc...
Donald Trump says US Economy Is Facing Much Bigger Problem Than Recession –
Trump talked about stagflation and how wages are collapsing Robert Kiyosaki has also warned about an economic depression The author predicted that inflation may lead to a Greater Depression Previous P...
Walmart Shares Plunge Nearly 10% After Company Warns Of Profit Slowdown Due To Inflation
Topline Shares of Walmart fell nearly 10% in after-hours trading on Monday after the company slashed its profit outlook for the second quarter and rest of the year, warning that high inflation is havi...
The numbers show the U.S. economy is at least teetering on a recession
Foreman Angel Gonzalez and Anthony Harris, with E-Z Bel Construction, work on pipes along Fredericksburg Road during an excessive heat warning in San Antonio, Texas, July 19, 2022. Lisa Krantz | Reute...
Shallow Recession Calls Are ‘Totally Delusional,’ Roubini Warns
(Bloomberg) — Economist Nouriel Roubini said the US is facing a deep recession as interest rates rise and the economy is burdened by high debt loads, calling those expecting a shallow downturn “...
Expect Two Recessions, and a Quick End to the Fed’s Interest-Rate Hikes
Forward guidance sounds like a great idea. Central bankers should lay out their longer-term goals to influence financial markets. Just as hockey great Wayne Gretzky would skate where the puck was head...
Europe Auto Makers Fight Off Crises But Inflation, Recession, Energy Shock Undermine Prospects
Oil barrels on stack of golden coins. Growth rise of oil stock prices. 3d illustration getty The European automotive industry, buffeted by coronavirus lockdowns, worries about peace after Russian inva...
Donald Trump Warns US Economy Is Facing ‘Much Bigger Problem Than Recession’ — ‘We’ll Have a Depression’ – Economics Bitcoin News
Former President Donald Trump has warned that the U.S. economy is facing “a much bigger problem than recession.” Noting that “We’ll have a depression,” he stressed: “We have to get this country going,...
There Are Signs Inflation May Have Peaked, but Can It Come Down Fast Enough?
Growing signs that price pressures are easing suggest that June’s distressingly high 9.1% increase in consumer prices will probably be the peak. But even if inflation indeed comes down, economists see...