U.S. teetering on brink of recession as GDP contracts in second quarter
The U.S. economy unexpectedly contracted in the second quarter, with consumer spending growing at its slowest pace in two years and business spending declining, raising the risk that the economy was on the cusp of a recession.
Federal Reserve again increases interest rate, amid continuing inflation, recession fears
The Federal Reserve on Wednesday announced a three-quarters of a percentage point rate hike, in an attempt to cool record-high inflation.
Federal Reserve again increases interest rate, amid continuing inflation, recession fears
The Federal Reserve on Wednesday announced a three-quarters of a percentage point rate hike, in an attempt to cool record-high inflation.
World may enter new global recession says IMF
The International Monetary Fund (IMF) on Tuesday attested that the world is in danger of falling into another global recession, the Times of Israel (TOI) reports. The IMF gave its grim view in its latest World Economic Outlook (WEO), amid surging infla…
Fed set to impose another big rate hike to fight inflation
Conflicting signs about the health of the U.S. economy have thrust the Federal Reserve into a difficult spot.
US inflation reaches 40-year high as global inflation crisis grinds on
Inflation in the US hit a 40-year high in May, as America joined the UK, the Eurozone, and countries in Africa, South America, and Asia fighting massive consumer prices against a backdrop of the pandemic and the Russian invasion of Ukraine.
Featured
