Recession

Fed Governor: Inflation Still at ‘Uncomfortable’ Level
Fed Governor: Inflation Still at ‘Uncomfortable’ Level
August 11, 2024  |  Economy

Despite some progress, Federal Reserve Governor Michelle Bowman says inflation remains “uncomfortably above” 2%. “Should the incoming data continue to show that inflation is moving...

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Maersk: Demand for Shipping Shows No Signs of Potential Recession
Maersk: Demand for Shipping Shows No Signs of Potential Recession
August 07, 2024  |  Shipping

Contrary to widespread worries about a potential economic slowdown, shipping giant Maersk has reportedly seen no signs of a U.S. recession. Judging by the demand for...

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Employment Trends Index Points to Gloomier Times Ahead for Already-Stretched Households
Employment Trends Index Points to Gloomier Times Ahead for Already-Stretched Households
August 05, 2024  |  Economy

On a day when a stock market rout promised to become a full-fledged bloodbath, and as recession fears mounted, the latest spate of economic data...

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JPMorgan Chase CEO Jamie Dimon Says US Economic Boom ‘Unbelievable’
JPMorgan Chase CEO Jamie Dimon Says US Economic Boom ‘Unbelievable’
April 23, 2024  |  Economy

JPMorgan Chase CEO Jamie Dimon reportedly said Tuesday (April 23) that the U.S. economic boom is “unbelievable.” Speaking at an event at The Economic Club of New York, Dimon...

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Dimon Says Commercial Real Estate Owners Are Handling Stress
Dimon Says Commercial Real Estate Owners Are Handling Stress
February 26, 2024  |  Real Estate

JP Morgan Chase CEO Jamie Dimon said Monday (Feb. 26) that most owners of commercial real estate will be able to “muddle through” the current economic environment. Those...

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Economists Trade Recession Predictions for ‘Growth Stop’ Warnings
Economists Trade Recession Predictions for ‘Growth Stop’ Warnings
January 14, 2024  |  Economy

The good news: Economists are less confident the U.S. will see a recession. The less good news: They also expect the economy to grow at...

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Analysts and Money Managers Divided on Economic Growth Prospects 
Analysts and Money Managers Divided on Economic Growth Prospects 
December 20, 2023  |  Economy

As 2024 approaches, analysts are reportedly reassessing their predictions for a U.S. recession that had been anticipated for the past two years.  While investment bank...

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Bank of America CEO Brian Moynihan Says Economy Has Normalized
Bank of America CEO Brian Moynihan Says Economy Has Normalized
December 05, 2023  |  Economy

Bank of America CEO Brian Moynihan said Tuesday (Dec. 5) that there are signs of the economy slowing down but expressed optimism that it will experience a soft...

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Bank of America CEO Predicts Soft Landing for US Economy
Bank of America CEO Predicts Soft Landing for US Economy
November 08, 2023  |  Economy

Bank of America CEO Brian Moynihan is reportedly optimistic about the U.S. economy and the bank’s growth prospects. Speaking Wednesday (Nov. 8) at the Reuters NEXT conference, Moynihan said he...

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