First published on Dive Brief: A credit squeeze following banking system turmoil and the impact from 10 straight hikes in the Federal Reserve’s benchmark interest rate will likely trigger recession during the third quarter and a 0.3% dip in growth for the year, Fannie Mae said. “The effects of higher interest rates and tightening bank…
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We hear from Wavemaker Partners about its investment approach in the funding winter and look at Mitra Bukalapak’s quiet expansion into the Philippines…
Please try another search Economy 31 minutes ago (Aug 30, 2022 12:46PM ET) © Reuters. FILE PHOTO: Bundesbank President Joachim Nagel addresses a news conference after the G7 Summit in Koenigswinter, near Bonn, Germany May 20, 2022. REUTERS/Benjamin Westhoff (Reuters) – The European Central Bank must act decisively to contain inflation, Bundesbank chief Joachim Nagel…
Topline Though they had recently cooled, fears of an impending recession once again escalated Friday after Federal Reserve Chair Jerome Powell warned economic growth will suffer as the central bank works to ease decades-high inflation—driving a steep stock market decline as more experts worry that even the recently strong job market could soon start to…
Topline Cooling inflation has helped temper concerns of an imminent recession, particularly as the job market continues to show historic strength, but a worsening housing market collapse and vast uncertainty over the course of the Federal Reserve’s interest hikes have many experts, including policy officials, warning that it’s still too early to know just how…
The stock market keeps chugging higher despite growing evidence that the economy is in deepening trouble.Driving the news: The S&P 500 posted yet another gain Thursday, even after new data showed the economy shrank for a second straight quarter. The index is up more than 7% so far in July, enjoying its best month since…
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