The Fed's own economists are sounding the recession alarm — and warning that more interest-rate hikes could tank the US economy
Federal Reserve's staff economists said pressure on consumer spending, overseas turmoil, and higher borrowing costs have made a recession more likely.
Fed Staff Warn Chance of Recession In Next Year Is Now Near 50%
(Bloomberg) -- Federal Reserve staff economists briefed policymakers this month that the chances of a US recession in the next year had risen to almost 50% on risks of slower consumer spending, global economic risks and further interest-rate hikes.
Fed Staff Warn Chance of Recession Now Near 50%
“Federal Reserve staff economists briefed policymakers this month that the chances of a US recession in the next year had risen to almost 50% on risks of slower consumer spending, global economic risks and further interest-rate hikes,” Bloomberg reports.Wall Street Journal: “Most Federal Reserve officials thought they should slow the pace of interest-rate increases after approving a 0.75-percentage-point rate rise at their meeting earlier this m…
Talk of slower pace of Fed rate hikes sends stocks higher
Stock-market investors appeared to cheer minutes of the Federal Reserve's early November policy meeting released Wednesday afternoon. The detailed summary showed that a majority of policy makers thought smaller rate rises would
Fed Minutes Show Most Officials Favored Slowing Rate Rises Soon
Policy makers have signaled plans to dial back the pace of interest-rate increases, while warning rates could rise to somewhat higher-than-anticipated levels next year