Signs of recession worry Donald Trump ahead of 2020
5 years, 4 months ago

Signs of recession worry Donald Trump ahead of 2020

Live Mint  

Washington: President Donald Trump is warning of an economic crash if he loses reelection, arguing that even voters who personally dislike him should base their ballots on the nation's strong growth and low unemployment rate. But consumers interpreted that as a precautionary move ahead of a downturn rather than as part of an effort to keep the economy growing, according to the University of Michigan's consumer sentiment survey released Friday. There are a few steps the government could take to help manufacturing and the economy, said Linda Dempsey, vice president of international economic affairs at the National Association of Manufacturers. Most economists — including Fed officials — still expect the economy to grow this year, just at a slower pace than last year's 2.9 per cent.

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History of this topic

5 reasons to be optimistic about the 2025 economy
1 week, 2 days ago

5 reasons to be optimistic about the 2025 economy

CNN  

New York CNN — The world faces a plethora of serious problems entering 2025. “The US economy, as it’s done for many years, continues to chug along at a very steady pace,” said David Kelly, chief global strategist at JPMorgan Asset Management. “You’re going to need a shock to put the economy in recession,” Kelly said, “and I don’t see …

Trump was poised to inherit a strong economy. Then things got rocky and he added to the uncertainty
2 weeks, 6 days ago

Trump was poised to inherit a strong economy. Then things got rocky and he added to the uncertainty

Associated Press  

▶ Follow live updates on federal funding negotiations as a government shutdown looms. Trump vowed on social media Wednesday to “fight ’till the end” unless Democrats agreed to lift the debt ceiling as a condition for the short-term funding to keep the federal government open. By Thursday, Trump was claiming on social media that a new deal reached among Republicans …

Trump isn’t president yet. He’s already spooking the Fed.
3 weeks ago

Trump isn’t president yet. He’s already spooking the Fed.

Live Mint  

The Federal Reserve can no longer deny that it is beginning to think about what Donald Trump will do as president. These showed that Fed policymakers’ median expectation is now for inflation, as measured by the core personal-consumption expenditures index, to come in at 2.5% next year, up from September’s projection of 2.2%. “It’s hard to justify trimming the number …

Wall Street witnesses a sharp fall after US federal reserve signals lower cuts in 2025
3 weeks ago

Wall Street witnesses a sharp fall after US federal reserve signals lower cuts in 2025

Firstpost  

Wall Street witnessed a major drop after the Federal Reserve announced final cuts before US President-elect Donald Trump comes to power. However, the American central bank warned that there will be fewer cuts in 2025 Wall Street witnessed a sharp fall after the US Federal Reserve cut interest rates but warned that there will be fewer rate cuts in 2025. …

'The next recession starts here': Trump team weighs abolishing bank regulators
3 weeks, 6 days ago

'The next recession starts here': Trump team weighs abolishing bank regulators

Raw Story  

President-elect Donald Trump and his advisers are reportedly considering plans to weaken—or abolish altogether—top bank regulators, including the Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency. The Wall Street Journal reported Thursday that members of Trump's transition team and the new Elon Musk-led Department of Government Efficiency have asked nominees under consideration to head the FDIC …

'Crisis is real': Analyst warns Trump of looming plight that could doom presidency
1 month, 2 weeks ago

'Crisis is real': Analyst warns Trump of looming plight that could doom presidency

Raw Story  

Donald Trump managed to win a second term in large part due to the frustration of the electorate over prices — but there's a big economic crisis looming over the president-elect's head that could end up defeating him, Heather Long wrote for The Washington Post. Trump has boasted that under his presidency, people will be able to get 2 percent …

"All bets are off": How Trump's economy could affect your money
1 month, 3 weeks ago

"All bets are off": How Trump's economy could affect your money

Salon  

Presidents don't have the ultimate say in how the economy performs. It is rarely the case that political rhetoric lines up with economic realities.” Most experts agree that if enacted, Trump’s changes could have a chaotic impact on the global economy and spark a rise in inflation and consumer prices, particularly if tariffs rise to the higher range he has …

Trump 2.0: How high spending, tax cuts could rock global markets, end dollar dominance, warns analyst
1 month, 3 weeks ago

Trump 2.0: How high spending, tax cuts could rock global markets, end dollar dominance, warns analyst

Live Mint  

The second term of Donald Trump, often referred to as "Trump 2.0," could bring heightened volatility to global stock and bond markets, highlighted a report by LLama Research. The report highlighted that Trump's economic agenda, which is expected to include high public spending, tax cuts, and rising government deficits, could drive up bond yields and create turbulent conditions in financial …

The stock market is loving Trump’s return. The bond market has some concerns though
1 month, 4 weeks ago

The stock market is loving Trump’s return. The bond market has some concerns though

CNN  

CNN — Donald Trump is returning to the White House, and the stock market is loving it. And yet the bond market has some concerns that Trump’s tax cuts could add trillions to the national debt and his massive tariffs and other policies could stoke inflation. ‘The regime change’ For now, stock market investors don’t seem bothered by the jump …

Markets hail Trump’s economics
1 month, 4 weeks ago

Markets hail Trump’s economics

Live Mint  

Twenty-three Nobel laureates in economics warned two weeks ago that Donald Trump’s economic agenda would be disastrous for the U.S. Mr. Trump’s election drove the largest single-day increase in the U.S. dollar in more than two years, and third largest in the last decade. The combination of the steepening yield curve, stable inflation expectations and the rise in stocks indicates …

The new Trump Trade looks scarier than the old one
1 month, 4 weeks ago

The new Trump Trade looks scarier than the old one

Live Mint  

Stocks notched their biggest week of the year after Donald Trump’s victory. Treasury yields, which rise when bond prices fall, climbed after Tuesday’s election, lifted by bets that a second round of Trump tax cuts will boost growth, inflation and budget deficits. Stocks and Treasury yields similarly surged eight years ago when Trump claimed his first electoral win—a major part …

'Wrong direction': CNN analyst says Trump win is already hitting Americans in the pocket
2 months ago

'Wrong direction': CNN analyst says Trump win is already hitting Americans in the pocket

Raw Story  

President-elect Donald Trump's imminent ascent to the White House is already making it more difficult for Americans to buy homes, an economic analyst says. Home loan interest rates have seen an steep uptick to a 6.8 percent average for 30-year fixed mortgages as the bonds market prepares for Trump's economic policies, CNN business reporter Matt Egan said Thursday. Those plans …

How are world economies reacting to Trump's imminent return as U.S. president?
2 months ago

How are world economies reacting to Trump's imminent return as U.S. president?

NPR  

How are world economies reacting to Trump's imminent return as U.S. president? “This is quite a complex network of supply chains, and increased tariffs by the U.S. — which would probably lead to retaliation by other major trading powers — would disrupt those existing supply chains, which leads to uncertainty, increased costs, and therefore has a knock-on effect on companies.” …

What a Trump administration would mean for the global economy and the Reserve Bank
2 months ago

What a Trump administration would mean for the global economy and the Reserve Bank

ABC  

Some see it as a potential flashpoint. The discontent across middle America and the deep distrust in US institutions follows 40 years of trickle-down economics and globalisation that have laid waste to much of the nation's heartland. What the US election result might mean for Australia Photo shows Vice President Kamala Harris and Australia's Prime Minister Anthony Albanese toast The …

A recession in America by 2024 looks likely
4 months, 4 weeks ago

A recession in America by 2024 looks likely

Live Mint  

Not long ago recessions seemed to strike America roughly once a decade. But because the world economy, asset markets and America’s politics are all fragile, it may yet have nasty and unpredictable consequences. An American recession would land another blow on vulnerable parts of the global economy by curbing demand for their exports. But after over a decade of cheap …

Experts are warning of a global recession. Here’s what that actually means
5 months ago

Experts are warning of a global recession. Here’s what that actually means

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors …

Fears US economy headed towards recession spark jitters across global markets
5 months ago

Fears US economy headed towards recession spark jitters across global markets

ABC  

There are genuine concerns the world's largest economy is heading toward a recession, and the fear is gripping global financial markets. "Shares went sky high into July on the back of better news on inflation, increasing optimism about lower interest rates ahead and optimism about IT and AI-related earnings," Mr Oliver, who manages $3 billion in investments, said. The US …

Who will be the next US president? The financial markets have a bet placed firmly on one candidate
5 months, 3 weeks ago

Who will be the next US president? The financial markets have a bet placed firmly on one candidate

ABC  

Can you predict who will win the presidential race? First debate bond sell-off The first presidential debate bought some, well, interesting moments Biden was heard saying to Trump, "You're the sucker, you're the loser," in response to the former president mocking his son. "The reason the bond markets are worried about it is because Trump's policies to cut taxes or …

'Worldwide economic warfare': Ex-Treasury secretary's doomsday prediction spurs fear
6 months, 3 weeks ago

'Worldwide economic warfare': Ex-Treasury secretary's doomsday prediction spurs fear

Raw Story  

Lawrence Summers, who served as the 71st Secretary of the Treasury under former President Bill Clinton, warned of “worldwide economic warfare” if Donald Trump implements his policy proposals, Bloomberg reports. Summers spoke with Bloomberg Television’s Wall Street Week with David Westin on Friday, describing Trump’s policy ideas as “a prescription for the mother of all stagflations.” According to Bloomberg, Summers’ …

Right-wingers plot to give Trump control over Federal Reserve if reelected
8 months, 2 weeks ago

Right-wingers plot to give Trump control over Federal Reserve if reelected

Raw Story  

Right-wing allies of former U.S. President Donald Trump are reportedly crafting a plan to give the executive branch control over Federal Reserve policy decisions, an effort that comes as the presumptive GOP nominee continues to signal his authoritarian intentions for a potential second term. "A small group of the president's allies—whose work is so secretive that even some prominent former …

Trump says he hopes the US economy crashes this year for his own benefit
1 year ago

Trump says he hopes the US economy crashes this year for his own benefit

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. “What we’re seeing now I think we can describe as a soft landing, and …

Market bets for 2024 thrown into chaos by US recession conundrum
1 year, 1 month ago

Market bets for 2024 thrown into chaos by US recession conundrum

The Hindu  

Investment banks and asset managers have wildly varying stock market and currency calls for 2024, reflecting deep division over whether the U.S. economy will enter a long-heralded recession and drag the world with it. Amundi, Europe's largest asset manager, now expects a U.S. recession in the first half of 2024, meaning the group is negative on the dollar and likes …

Banking CEOs warn of economic uncertainty: Is a US recession on the horizon?
1 year, 1 month ago

Banking CEOs warn of economic uncertainty: Is a US recession on the horizon?

Hindustan Times  

Wall Street is buzzing with concerns as top banking executives, including Jamie Dimon of JPMorgan, Brian Moynihan of Bank of America, and Jane Fraser of Citigroup, testify before the U.S. Senate Banking Committee. REUTERS/Lucas Jackson/File Photo Soaring inflation has plagued the nation, decreasing from 9 percent in June 2022 to 3.2 percent in October 2023 but still exceeding the Fed's …

Economists predict US inflation will keep cooling and the economy can avoid a recession
1 year, 1 month ago

Economists predict US inflation will keep cooling and the economy can avoid a recession

Associated Press  

NEW YORK — Most business economists think the U.S. economy could avoid a recession next year, even if the job market ends up weakening under the weight of high interest rates, according to a survey released Monday. Most of the surveyed economists expect inflation to continue to slow in 2024, though many say it may not get all the way …

US recession a growing fear as Fed plans to keep rates high
2 years ago

US recession a growing fear as Fed plans to keep rates high

Associated Press  

WASHINGTON — After scaling 40-year highs, inflation in the United States has been slowly easing since summer. We’re going to break inflation or we’re going to break the economy.’’ Many investors had convinced themselves that with inflation pressures gradually easing, the Fed might soon declare some progress in their fight and perhaps even reverse course and cut rates sometime in …

Biden sees economy avoiding recession, but risks remain
2 years, 1 month ago

Biden sees economy avoiding recession, but risks remain

Associated Press  

WASHINGTON — President Joe Biden assured Americans on Friday that the U.S. economy is chugging along in the holiday season, but the very strength of a new jobs report showed that high inflation remains a recession threat. “I’ve supported paid sick leave for a long time,” said the president, a staunch labor union supporter. “I’m going to continue that fight …

Don’t expect the bounce-back in the US economy to quiet recession calls
2 years, 2 months ago

Don’t expect the bounce-back in the US economy to quiet recession calls

CNN  

New York CNN Business — Don’t expect the bounce-back in the US economy in the third quarter to quiet the chorus of recession calls. “That’s why I’ve tried to wave people off of this whole question about whether there was a recession or has been a recession in the first half because inflation is bad enough,” Mark Hamrick, senior economic …

5 signs the world is headed for a recession
2 years, 3 months ago

5 signs the world is headed for a recession

CNN  

New York CNN Business — Around the world, markets are flashing warning signs that the global economy is teetering on a cliff’s edge. The dollar’s strength also creates destabilizing effects for Wall Street, as many of the S&P 500 companies do business around the world. “Companies are hanging back and waiting to see what conditions hold.” Welcome to bear territory …

BofA CEO: Struggling Americans feel they are in a recession
2 years, 4 months ago

BofA CEO: Struggling Americans feel they are in a recession

Associated Press  

NEW YORK — The CEO of Bank of America said the recent debate over whether the U.S. economy is technically in a recession or not is missing the point. It’s what it feels like for the people going through this,” Brian Moynihan told The Associated Press during an interview at the Bank of America Tower in midtown Manhattan, where he …

United States recession fears grow as economy contracts for second quarter
2 years, 5 months ago

United States recession fears grow as economy contracts for second quarter

ABC  

The United States economy has unexpectedly contracted in the second quarter, with consumer spending growing at its slowest pace in two years and business spending declining, raising speculation the economy is on the cusp of a recession. Key points: Prices for groceries, petrol and other basics increased at the fastest pace since 1981 Job growth averaged 456,700 per month in …

40 Per Cent Chance Of Recession In US, Other Key Economies Face High Risk: Report
2 years, 5 months ago

40 Per Cent Chance Of Recession In US, Other Key Economies Face High Risk: Report

ABP News  

A latest poll of economists have hinted that the global economy is facing serious threats of a slowdown with some key economies at high risk of recession. The US inflation which is at a four-decade high of 9.1 per cent, is not expected to cool to the Fed's 2 per cent target until at least 2024. According to the Reuters …

Yellen downplays US recession risk as economic reports loom
2 years, 5 months ago

Yellen downplays US recession risk as economic reports loom

Associated Press  

WASHINGTON — Treasury Secretary Janet Yellen on Sunday said the U.S. economy is slowing but pointed to healthy hiring as proof that it is not yet in recession. Yellen spoke on NBC’s “Meet the Press” just before a slew of economic reports will be released this week that will shed light on an economy currently besieged by rampant inflation and …

US president Joe Biden says recession is 'not inevitable'
2 years, 6 months ago

US president Joe Biden says recession is 'not inevitable'

Firstpost  

In an interview, the president emphasised the battered economy that he inherited and the lingering psychological scars caused by a pandemic had disrupted people’s sense of identity Washington: President Joe Biden said on 16 June, 2022, the American people are “really, really down” after a tumultuous two years with the coronavirus pandemic, volatility in the economy and now surging gasoline …

Former Treasury secretary warns recession is ‘more likely than not’ in next two years
2 years, 6 months ago

Former Treasury secretary warns recession is ‘more likely than not’ in next two years

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Former Treasury Secretary Larry …

EXPLAINER: Recession fears grow. But how high is the risk?
2 years, 8 months ago

EXPLAINER: Recession fears grow. But how high is the risk?

Associated Press  

WASHINGTON — Inflation is at a 40-year high. And when Federal Reserve Chair Jerome Powell spoke at a news conference last week, he reinforced the central bank’s determination to do whatever it might take to curb inflation, including raising interest rates so high as to weaken the economy. “Recession risks are low now but elevated in 2023 as inflation could …

What is a recession, and how scared should we be?
2 years, 8 months ago

What is a recession, and how scared should we be?

CNN  

New York CNN Business — Around the world, warning signs of a recession are flashing. “We will get a major recession,” Deutsche Bank economists warned last month, staking out the more bearish position on Wall Street. Bank of America, in the still-grim-but-less-dire camp, said the mood in financial markets has been “recessionary.” Goldman Sachs is among the more optimistic of …

If the economy is booming, why is there also fear of recession ahead of the 2022 election?
2 years, 8 months ago

If the economy is booming, why is there also fear of recession ahead of the 2022 election?

ABC  

Put your hand up if you remember "the recession we had to have". According to Dudley, if the Fed wants to contain runaway prices — which at 8 per cent is a 40-year high — it is going to have to raise interest rates to a point that triggers a stock market rout and forces unemployment higher. On cue, St …

Despite Widespread Pain, Economy Remains Strong Selling Point For Trump
4 years, 4 months ago

Despite Widespread Pain, Economy Remains Strong Selling Point For Trump

NPR  

Despite Widespread Pain, Economy Remains Strong Selling Point For Trump Enlarge this image toggle caption Brendan Smialowski/AFP via Getty Images Brendan Smialowski/AFP via Getty Images Almost 30 million people are now collecting unemployment benefits. As Republicans focus on "opportunity" at their convention Tuesday, the economy remains one of the president's strongest selling points. Although the unemployment rate that year never …

Trump’s pitch to voters: Trust me, economy will soar in 2021
4 years, 7 months ago

Trump’s pitch to voters: Trust me, economy will soar in 2021

Associated Press  

WASHINGTON — President Donald Trump has a new pitch to voters for this fall: Trust me. “It’s a transition to greatness,” Trump says over and over, predicting a burgeoning economy come the fall. “You’re going to see some great numbers in the fourth quarter, and you’re going to end up doing a great year next year.” His chief economic adviser, …

Trump’s bizarre wish list: Higher oil prices and negative interest rates
4 years, 7 months ago

Trump’s bizarre wish list: Higher oil prices and negative interest rates

CNN  

New York CNN Business — President Donald Trump, never shy about shattering norms, is actively rooting for financial outcomes that few other White House occupants would have ever imagined. Cheerleading higher prices is tone deaf.” Greg Valliere, chief US policy strategist at AGF Perspectives “You don’t want to do something that is trying to help the patient but actually scares …

Trump economy faces long-term disaster as jobs data looms
4 years, 8 months ago

Trump economy faces long-term disaster as jobs data looms

CNN  

CNN — The first blow Thursday in a one-two gut punch of official data showing that another 3.2 million people filed for unemployment insurance underscores the horrific human cost of the unprecedented decision to close down the economy to fight the coronavirus. The snapshot of economic agony unfolding across the country is certain to boost calls to fully reopen the …

U.S. economy, in clear sign of recession, shrinks 4.8% in first quarter due to coronavirus
4 years, 8 months ago

U.S. economy, in clear sign of recession, shrinks 4.8% in first quarter due to coronavirus

LA Times  

In the broadest measure so far of COVID-19’s economic damage, the government said Wednesday that total U.S. output in the first quarter fell at a 4.8% annual pace — faster than at any time since the Great Recession. “Overall economic activity will likely drop at an unprecedented rate in the second quarter,” said Federal Reserve Chair Jerome Powell. “It’s just …

Donald Trump is hoping a strong US economy will ensure his re-election, but the numbers show a less sunny projection
4 years, 10 months ago

Donald Trump is hoping a strong US economy will ensure his re-election, but the numbers show a less sunny projection

ABC  

In Donald Trump's America there are three realities. Unemployment in America now stands at 3.6 per cent, the lowest it's been since 1969 — a time that most people remember as truly "great" for the economy. Trump's trade showdown It's almost inconceivable that the immediate future of the global economy hangs on the erratic whims of Donald Trump, writes Ian …

Trump blames Fed's policy for capping economic gains
5 years, 1 month ago

Trump blames Fed's policy for capping economic gains

India TV News  

US President Donald Trump has criticised the Federal Reserve's monetary policies, saying the central bank's hesitation in lowering the interest rates capped gains in the US economy and stock market. In a speech delivered on Tuesday at the Economic Club of New York, Trump emphasised the country's economic strength, citing improving labor market data, Xinhua news agency reported. "If we …

Recession is not right around the corner, Fed official says
5 years, 2 months ago

Recession is not right around the corner, Fed official says

CNN  

New York CNN Business — The American economy is experiencing turbulence. “Negative interest rates are very hard on institutions like community banks that rely heavily on deposit taking,” Daly said. “That really makes their profitability suffer…That would be a pretty heavy lift, in my mind.” Jerome Powell, the chairman of the Federal Reserve, said in September that he doesn’t think …

Wall Street’s favorite recession signal suggests the economy is in trouble
5 years, 4 months ago

Wall Street’s favorite recession signal suggests the economy is in trouble

CNN  

New York CNN Business — Wall Street’s favorite fortuneteller is telling an ominous story about the fate of America’s economy. If things continue to escalate, that poses a real threat to the business cycle.” James McCann, senior global economist at Aberdeen Standard Investments “Anything over 30% is very bad,” said Nicholas Colas, co-founder of DataTrek Research. “Everyone either looks at …

Why people should not get too worked up about recession fears
5 years, 4 months ago

Why people should not get too worked up about recession fears

CNN  

New York CNN Business — Trade war fears are rattling investors. There is not enough evidence to suggest we are on the immediate verge of recession,” said Steve Chiavarone, a portfolio manager and equity strategist at Federated Investors. “Fears of a near-term recession are overblown,” said KC Mathews, chief investment officer with UMB Bank. “It’s extremely important for investors to …

History suggests a recession may doom Trump's re-election chances
5 years, 4 months ago

History suggests a recession may doom Trump's re-election chances

Salon  

President Donald Trump is worried that there will be a recession before the 2020 election. Thanks to Trump's trade war and tax policies, America is almost certainly headed toward an economic recession. If his disastrous economic policies lead to a recession before Election Day 2020, the chances are that America's next president will be Joe Biden, Elizabeth Warren or Bernie …

74% of economists in survey see US recession by end of 2021
5 years, 4 months ago

74% of economists in survey see US recession by end of 2021

Associated Press  

WASHINGTON — A strong majority, 74%, of U.S. business economists appear sufficiently concerned about the risks of some of President Donald Trump’s economic policies that they expect a recession in the U.S. by the end of 2021. The economists surveyed by the National Association for Business Economics, in a report released Monday, mostly didn’t share Trump’s optimistic outlook for the …

Trump calls on Federal Reserve to cut interest rates
5 years, 4 months ago

Trump calls on Federal Reserve to cut interest rates

Associated Press  

WASHINGTON — President Donald Trump is calling on the Federal Reserve to cut interest rates by at least a full percentage point “over a fairly short period of time,” saying that such an action would make the U.S. economy even better and would also “greatly and quickly” enhance the global economy. In two tweets Monday, Trump kept up his pressure …

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