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 a few months.” In fact, the latest quarterly gross domestic product report, which tracks the overall health of the economy, showed a second consecutive contraction this … Read more

What this ‘play the recovery’ strategy says about hot bond demand

A recent trend in the exchange-traded funds market suggests bond demand is far from cooling. Corporate, government and high-yield bond ETFs saw inflows last month after lower bond prices and higher yields contributed to the deceleration of fund outflows in May. Andrew McOrmond of WallachBeth Capital, an institutional execution service provider, believes the inflows can … Read more

Here’s Why More Fed Officials Are Warning That The Market Is Getting Ahead Of Itself

Topline An increasing number of Federal Reserve officials are pushing back against the latest market rally, dismissing recent optimism about an upcoming “pivot” in monetary policy as wishful thinking and warning that the central bank will be forced to continue aggressively raising rates until inflation meaningfully declines. Fed officials say the central bank is nowhere … Read more

A Slowing Us Economy Isn’t Good For Equities

After the dip in US GDP last week, the other important data release that has a significant bearing on how the US Federal Reserve moves on rates is the Personal Consumption Expenditure Index (PCE). Fed Chair Jerome Powell recently told reporters that the central bank considers PCE a better gauge of inflation than the Consumer … Read more

Crypto watch: Winter in the market is not over yet, experts argue

Cryptocurrency market capitalisation, in the week ending July 29, stayed above $1 trillion even as the US Federal Reserve (Fed) hiked its key interest rate by 75 basis points on July 27. Bitcoin has rallied over 10 per cent since Wednesday and Ethereum has jumped over 15 per cent. However, experts say the crypto market’s … Read more

Why Biden’s claims of US economic strength don’t add up

We’re not in a recession despite two quarters of shrinking Gross Domestic Product, President Joe Biden argues, because the job market “remains historically strong.” Sorry, Joe: The job market is historically. screwed up. Yes, unemployment’s at 3.6% — but millions of working-age folks have left the labor force, so don’t count in the rate. That’s … Read more

Here’s what advisors are telling their clients as recession fears grow

JGI/Jamie Grill | Tetra images | Getty Images As the US economy shrinks for a second straight quarter — one definition of a recession — many Americans aren’t prepared for an economic downturn. However, financial advisors say there’s plenty that is in your control. Fewer than half of Americans feel “financially secure enough” for another … Read more

Fed Chair Jerome Powell said he does not think the US is currently in a recession

Federal Reserve Chairman Jerome Powell said Wednesday he does not believe the US economy is in a recession as the central bank raised rates further to fight inflation. “I do not think the US is currently in a recession and the reason is there are too many areas of the economy that are performing too … Read more

Is the world’s largest economy heading towards recession?

Swaminathan Aiyar, Consulting Editor at ET NOW speaking on US recession. Photo : ET Now Bureau KEY HIGHLIGHTS The US Federal Reserve raised interest rates by 75 basis points for a second consecutive time Fed Chair Jerome Powell has stated that no one can be sure on whether the US economy can achieve a soft … Read more

Market jump after Fed hike is ‘trap,’ Morgan Stanley warns investors

Morgan Stanley is urging investors to resist putting their money to work in stocks despite the market’s post-Fed-decision jump. Mike Wilson, the firm’s chief US equity strategist and chief investment officer, said he believes Wall Street’s excitement over the idea that interest rate hikes may slow sooner than expected is premature and problematic. “The market … Read more