Economics News Results

  • Can Big Banks Survive A Recession? Here's What Fed's Stress Test Reveals

    Big U.S. banks' strong capital levels equip them to continue lending to households and businesses during a severe recession, the Federal Reserve has revealed. What Happened:  All banks held capital above the minimum capital requirement even as they are expected to report an aggregate loss of $612 billion, the results of a Fed stress test showed on Thursday.

  • Is The US On The Brink Of A Recession?

    Financial Times in partnership with the Initiative on Global Markets at the University of Chicago's Booth School of Business expect the US economy to fall into a recession in 2023. Of those that expect the next US recession to begin next year, most predict the downturn to start in the first and second quarters.

  • Cathie Wood Says US Already In Recession, Slams The Fed For Worrying More About Legacy Than Economy

    Close on the heels of the Federal Reserve raising interest rates by 75 basis points, money manager and Ark Invest founder Cathie Wood came down hard on the central bank and also stated that the U.S. is already in a recession. Recession Has Set In: The U.S. economy went into a recession in the first quarter, Wood said on Sunday as part of a tweetstorm.

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