Core CPI Shows Persistent Inflationary Forces
The Bureau of Labor Statistics released the Consumer Price Index\, which showed that core CPI, excluding food and energy, was up 6.6% for the year through September, which is the…
BoA Sees Fed Rate Hikes Triggering Recession
In a note to clients, Bank of America is warning that the Federal Reserves historically aggressive efforts to tackle inflation will trigger six-figure job losses per month, starting early next…
Expert Says The Fed Is OK With Causing A Recession
One expert is predicting the Federal Reserve will be willing to push the economy into a recession if that is what it takes to stifle inflation. BMO senior economist Jennifer…
Italian Growth Forecast Revised To Zero
As tensions grow with Russia, and concerns over energy supplies skyrocket, the Italian economy is expected to stagnate in 2023, according to a new report from released Saturday by the…
Credit Suisse Sells Off Iconic Zurich Savoy Amid Rumors
Credit Suisse spooked investors yet again when on Thursday it announced it was selling the renowned Savoy Hotel in Zurich’s financial district. The announcement comes amid a flurry of rumors…
Stocks Nosedive, As Jobs Report Stokes Fed Fears
US stocks plummeted Friday, making for the worst day since the sell-off in September. Traders were driven to the doors when the monthly unemployment report showed continuing tightness in the…
91 Percent Of CEOs Say A Recession Will Happen In 12 months
A recent KPMG survey revealed most American CEOs do not see a robust economic outlook going forward. During an interview with Fox Business, KPMG CEO Paul Knopp said, “Ninety-one percent…
Fed’s Favorite Inflation Measure, Core PCE, Still Rising In August
Despite an aggressive series of interest rate hikes by the Federal Reserve, Core PCE, the Fed’s preferred measure of inflation, went up in August. In August, there was a small…
BEA Final Data Shows US Economy In Technical Recession
In the three months ending in June the US economy contracted for a second consecutive quarter, according to the final estimate of the Bureau of Economic Analysis, released Thursday. These…
Stocks Endure Broad Sell-Off, Led Down By Apple
US stocks experienced a broad sell-off in Thursday, with Apple leading the slide, as recession fears returned, and Wall Street wiped out the gains from a brief rally the previous…
