Recession
Stay current with all the latest and breaking news about Recession, compare headlines and perspectives between news sources on stories happening today. In total, 3,689 stories have been published about Recession which Ground News has aggregated in the past 3 months.Stay current with all the latest and breaking news about Recession, compare headlines and perspectives between news sources on stories happening today. In total, 3,689 stories have been published about Recession which Ground News has aggregated in the past 3 months.
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Joe BidenThis week the Biden administration moved swiftly to contain the fallout from the collapse of Silicon Valley Bank, reassuring depositors and other wobbling institutions.Biden wants to head off a financial crisis, which could spark a recession and potentially harm millions of people. The government's ...
Help for depositors? Yes. Help for debtors? No.
100% Left coverage: 1 sources
BusinessThe gloom cloaking the UK economy is starting to lift, giving another potential boost to Prime Minister Rishi Sunak.
UK Outlook Brighter as Recession and Cost of Living Fears Recede
Coverage: 2 sources
GoogleGoogle Layoffs 2023: Due to the recession, many tech companies have laid off their employees on a large scale in the last few months. Many victims of layoffs are sharing their pain on social media.
Layoffs happened after promotion and transfer 2 weeks ago! Indian Google employee expressed pain
Federal ReserveJeffrey Gundlach, DoubleLine Capital’s chief executive and chief investment officer, predicts the Fed will have to cut rates substantially soon. He zeroed in on what he called red alert recession signals, pointing out that the yield on the 10-year Treasury yield TMUBMUSD10Y, 3.353% versus the 2-year treasury yield TMubMUSD02Y,. 3.695% is now inverted by 40 basis points. The Fed Funds rate currently stands at a nearly 16-year high of 4.75% to 5%, from close to zero a year ago.
'Red alert recession signals.' Gundlach expects the Fed to cut rates substantially 'soon.'
100% Center coverage: 2 sources
Recession · EnglandAndrew Bailey also said that there is a ‘pretty strong likelihood’ that the UK avoid a recession this year.
Bank governor warns of inflation danger as he pleads with firms on prices
Coverage: 2 sources
RecessionThe Federal Open Market Committee will meet March 21-22.
How will the banking crisis impact the Fed? Higher rates and recession may be imminent
56% Center coverage: 23 sources
RecessionThe Conference board of Canada predicts the country will see very little improvement in the economy this year. The think tank says the worst-case scenarios of a protracted recession or highly destabilized labour and capital markets are becoming less likely. Newfoundland and Labrador will have the fastest-growing economy as the Terra Nova offshore oil platform returns to production.
Canadian provinces to see limited growth: Report
44% Left coverage: 9 sources
Business · New YorkA majority of the nation’s business economists expect a U.S. recession to begin later this year than they had previously forecast, after a series of reports have pointed to a surprisingly resilient economy despite steadily higher interest rates.
Survey: Business economists push back US recession forecasts
76% Center coverage: 54 sources
