Markets are confused over the odds of a U.S. recession, and “somebody has got it wrong,” according to hedge fund manager David Neuhauser. The CIO of Livermore Partners told CNBC on Monday that many investors are hoping for a “Goldilocks” scenario, in which the economy doesn’t grow too quickly, or shrink too much. “The outlook … Read more
Sweden’s economy shrank in the third quarter of 2023 to mark the second time of contraction and signal that a recession may have hit the country ByThe Associated Press November 29, 2023, 4:36 AM A woman makes her way through a snowy street near the government headquearters Rosenbad during a heavy snowfall in central Stockholm, … Read more
U.S. Federal Reserve Chairman Jerome Powell takes questions from reporters during a press conference after the release of the Fed policy decision to leave interest rates unchanged, at the Federal Reserve in Washington, U.S, September 20, 2023. Evelyn Hockstein | Reuters UBS expects the U.S. Federal Reserve to cut interest rates by as much as … Read more
DoubleLine Capital CEO Jeffrey Gundlach believes interest rates are about to trend lower as the economy deteriorates further and tips into a recession next year. “I do think rates are going to fall as we move into a recession in the first part of next year,” Gundlach said Wednesday on CNBC’s “Closing Bell.” The Federal Reserve’s rate-setting … Read more
SDEROT, ISRAEL – OCTOBER 13: Israeli army take security measures as they deploy dozens of tanks and armored vehicles to the Gaza border area in Sderot, Israel on October 13, 2023. (Photo by Turgut Alp Boyraz/Anadolu via Getty Images) Anadolu Agency | Anadolu Agency | Getty Images Israeli ground troops are massed near the border … Read more
JPMorgan’s Marko Kolanovic is bracing for a 20% sell-off to hit the S&P 500. According to the Institutional Investor hall-of-famer, high interest rates are creating a breaking point for stocks — and choosing cash at a 5.5% return in money market and short-term Treasurys is a key protection strategy right now. “I’m not sure how … Read more
Westend61 | Westend61 | Getty Pictures Specialists have been pointing to a coming downturn for the U.S. economic system. The query was when. Now, nonetheless, some companies and specialists are strolling again these predictions, calling into query the validity of a once-trusted recession indicator referred to as the yield curve inversion. “Whereas it’s true that … Read more
Europe is going through the impression of a “double disaster,” however the area can keep away from a recession, Paolo Gentiloni, the European Commissioner for financial affairs, informed CNBC on Saturday. “I feel we’re we going through the impression of the double disaster,” Gentiloni stated in reference to the geopolitical impression from Russia’s full-scale invasion … Read more
Chicago Federal Reserve President Austan Goolsbee stated Friday he is assured inflation may be tamed with out a recession, even with further rate of interest will increase probably. Chatting with CNBC following the discharge of the June nonfarm payrolls report, he stated the continuing job development is a part of the Fed’s “golden path” towards … Read more
Buildings in Auckland, New Zealand, on Monday, Could 22, 2023. Bloomberg | Bloomberg | Getty Photographs New Zealand’s gross home product fell 0.1% within the first quarter, in line with authorities information revealed Thursday, as its central financial institution launched into one of the crucial aggressive price hike cycles on this planet. The most recent … Read more