Recession

While the U.S. economy has held up seemingly well despite high interest rates, some market experts don't believe everything is as good as it seems. Scott Shellady, aka ‘The Cow Guy,' joined Benzinga's PreMarket Prep Friday morning, and argued that government-reported labor data has not reflected a...

Ahead of the highly anticipated Jackson Hole Symposium, a leading strategist has warned of an impending U.S. recession, despite potential Federal Reserve rate cuts. What Happened: BCA Research predicts an impending U.S. recession, asserting that anticipated Federal Reserve rate cuts will not avert...

Neil Irwin, Chief Economic Correspondent at Axios, has identified various economic “warning signs” but assures recession is not yet here. What Happened: During CNBC’s “Squawk Box” on Wednesday, Irwin highlighted the “warning signs” such as credit card and...

Goldman Sachs has revised its U.S. recession forecast, reducing the probability of a recession within the next 12 months to 20%. This revision comes just two weeks after the investment bank increased the odds from 15% to 25% following a weaker-than-expected July jobs report. In a note authored by...

Mary Daly, the President of the San Francisco Federal Reserve, expressed her support for a cautious approach to interest rate cuts, in a recent interview. This comes amid mounting confidence in inflation control. What Happened: Daly, a voting member of the Federal Open Market Committee, has...

In the wake of promising retail sales and jobless claims data, Goldman Sachs Group Inc. economists have revised the risk of a U.S. recession in the next year from 25% to 20%. What Happened: The team of economists at Goldman Sachs reassessed the recession risk due to positive economic data released...

Prominent economist and vocal Bitcoin (CRYPTO: BTC) critic Peter Schiff cautioned that a combination of lower interest rates and a recession could lead to a surge in inflation. This, he believes, could be triggered by increased federal deficits and a weaker dollar. What Happened: On Tuesday, Schiff...

Jeremy Siegel, a prominent finance professor at the Wharton School, has backtracked on his earlier call for an emergency interest rate cut by the Federal Reserve. However, he is still advocating for a rapid and aggressive rate reduction. What Happened: Siegel retracted his previous suggestion for...

Jason Furman, former Chairman of the White House Council of Economic Advisers during Barack Obama‘s tenure, dismissed fears of an imminent U.S. recession but urges the Federal Reserve to act decisively if unemployment rises. What Happened: On Thursday, Furman spoke during CNBC’s “...

Claudia Sahm, the economist who developed the Sahm Rule, has stated that the U.S. is not currently in a recession. However, she has warned of an increased risk of recession, advocating for potential interest rate cuts by the Federal Reserve. What Happened: Sahm, in a post on X on Wednesday,...

JPMorgan Chase & Co CEO Jamie Dimon has reiterated his prediction of a looming recession in the U.S. economy, despite the current economic stability. What Happened: Dimon maintained that the odds of a “soft landing” for the U.S. economy are around 35% to 40%, making a recession the...

The weak July jobs report released on Aug. 2 sent the markets into a sell-off. The SPDR S&P 500 ETF Trust (NYSE:SPY) erased over 5% in a now-rare pullback before regaining ground on Tuesday and Wednesday. While recent unemployment data points to a recession, many experts say this go-around is...

Despite the recent market turmoil, Jim Cramer has offered a reassuring perspective, suggesting that the current corporate earnings do not indicate an impending recession. What Happened: CNBC host Cramer shared his insights on the corporate earnings reports, indicating that they do not signal a...

Claudia Sahm, the economist who invented the Sahm Rule, has contradicted claims of a recession in the U.S. economy. This comes amid mounting fears of a recession due to recent market instability. What Happened: Sahm, who is known for developing the Sahm Rule, a key indicator used to predict the...

Veteran Wall Street investor Ed Yardeni challenged fears of a U.S. recession on Monday, opposing the prevailing market sentiment that unsettled global equities. “A weak July employment report does not make a recession,” wrote Ed Yardeni, president of Yardeni Research, in a morning note...