Topline Growing evidence emerged this week that the Federal Reserve's interest rate hikes, which have already caused a sudden collapse in the formerly red-hot housing market, have fueled an unprecedented slowdown for manufacturers—setting the stage for what could lead to a prolonged downturn in industrial production. Key Facts Though the slowdown in the U.S. economy
Posts published by “Jonathan Ponciano”
Updated Dec 2, 2022, 11:30am EST Topline Just days after Federal Reserve Chair Jerome Powell signaled a slowdown in the central bank’s aggressive economic tightening campaign, the job market posted a vastly stronger-than-expected report for last month—signaling employment, which has remained one of the economy’s strongest pillars during the pandemic recovery, may still not be
Updated Nov 2, 2022, 03:39pm EDT Topline The Federal Reserve on Wednesday signaled it may soon ease up on its most aggressive economic tightening campaign in three decades as it raised interest rates by another 75 basis points—further pushing borrowing costs to the highest level since the Great Recession in order to help temper the…
Economists increasingly fear the Fed is now pushing the U.S.—and world–into a deeper than needed recession, risking millions of jobs and market stability. During Volcker's reign, unemployment stayed above 10% for nine straight months and the mortgage rate hit nearly 17%. S ome months after Jerome Powell became Federal Reserve Chair in early 2018, the…
Topline The U.S. economy shrank for a second quarter in a row this year, a third and final estimate from the Bureau of Economic Analysis confirmed Thursday—once again signaling the start of a technical recession even as economists predict signs of a slowdown will only grow in the coming quarters, likely prompting the official scorekeeper…
Topline A growing rash of economists are warning the odds of a recession have increased amid a historic inversion of the yield curve—a telltale sign of a looming economic slowdown after the Federal Reserve on Wednesday raised rates to the highest level since the Great Recession and signaled its policy would be more aggressive than…
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…
Updated Aug 25, 2022, 02:58pm EDT Topline President Joe Biden’s historic plan to forgive up to $20,000 in student loans for millions of borrowers quickly drew criticism for potentially threatening to tack on to inflation that’s already reached a decades-long peak, but new analysis concludes his plan likely won’t hike up prices—and could actually help…
Topline The U.S. economy shrank for a second quarter in a row this year, a second estimate from the Bureau of Economic Analysis confirmed Thursday—once again signaling the start of a technical recession even as economists predict signs of a slowdown will only grow in the coming quarters, likely prompting the government to officially declare…
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…