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US heading for shallow recession, no respite yet from rate hikes: Reuters poll

US heading for shallow recession, no respite yet from rate hikes: Reuters poll

BENGALURU, Dec 9 (Reuters) – The U.S. economy is heading for a short and shallow recession over the coming year, according to economists polled by Reuters who unanimously expected the Federal Reserve to US opts for a lower interest rate hike of 50 basis points in December. 14. The Fed still has at least half …

US heading for shallow recession, no respite yet from rate hikes: Reuters poll Read More »

The S&P 500 and the Nasdaq chain losses following the rise in unemployment insurance claims

The S&P 500 and the Nasdaq chain losses following the rise in unemployment insurance claims

Weekly jobless claims rise in line with estimates Moderna and Pfizer in place as FDA clears updated COVID boosters Exxon climbs after strengthening its buyback program Indices up: Dow 0.55%, S&P 0.75%, Nasdaq 1.13% Dec 8 (Reuters) – The S&P 500 (.SPX) ended higher on Thursday, ending a five-game losing streak as investors interpreted data …

The S&P 500 and the Nasdaq chain losses following the rise in unemployment insurance claims Read More »

The US service industry is picking up;  factory orders are accelerating

The US service industry is picking up; factory orders are accelerating

Activity in the services sector picks up in November Employment rebounds; supplier deliveries are improving Factory orders rise 1.0% in October WASHINGTON, Dec 5 (Reuters) – U.S. service-sector activity unexpectedly accelerated in November, with employment rebounding, offering further evidence of underlying economic dynamics. economy as it prepares for an anticipated recession next year. Monday’s Institute …

The US service industry is picking up; factory orders are accelerating Read More »

Column: Dodging the Recession Could Whip the Markets: Mike Dolan

Column: Dodging the Recession Could Whip the Markets: Mike Dolan

LONDON, Dec 2 (Reuters) – A recession of sorts next year is quickly becoming a consensus – so much so that financial markets could find themselves whipped if they don’t materialize. The crux of most outlooks for 2023 is a year of contraction in activity at some point, disinflation and interest rate spikes. The result …

Column: Dodging the Recession Could Whip the Markets: Mike Dolan Read More »

As Fed plans to 'rise and hold,' new projections could show cost

As Fed plans to ‘rise and hold,’ new projections could show cost

WASHINGTON, Dec 2 (Reuters) – New projections from the U.S. Federal Reserve, released later this month, alongside an expected half-point hike in interest rates, could show that the target rate for the central bank is heading towards levels last seen on the eve of the 2007 financial crisis, and will also reveal policymakers’ best estimate …

As Fed plans to ‘rise and hold,’ new projections could show cost Read More »

US job growth likely slowed further in November;  labor market still tight

US job growth likely slowed further in November; labor market still tight

Non-farm payrolls forecast to increase by 200,000 in November Unemployment rate unchanged at 3.7% Average hourly wage forecast up 0.3%; up 4.6% year-on-year WASHINGTON, Dec 2 (Reuters) – U.S. job growth was likely the weakest in nearly two years in November as growing fears of a recession dampened demand for labor, which could give the …

US job growth likely slowed further in November; labor market still tight Read More »

US weekly jobless claims at 3-month high;  resilient capital expenditure

US weekly jobless claims at 3-month high; resilient capital expenditure

Weekly jobless claims increase from 17,000 to 240,000 Continuing claims rise by 48,000 to 1.551 million Core capital goods orders rebound 0.7% in October Shipments of basic capital goods jump 1.3% WASHINGTON, Nov 23 (Reuters) – The number of Americans filing new claims for unemployment benefits hit a three-month high last week amid rising tech …

US weekly jobless claims at 3-month high; resilient capital expenditure Read More »

The Fed will raise rates by 50 basis points, but the key rate could be higher

The Fed will raise rates by 50 basis points, but the key rate could be higher

BENGALURU, Nov 18 (Reuters) – The Federal Reserve will downgrade in December to propose a 50 basis point interest rate hike, but economists polled by Reuters say a longer period of U.S. central bank tightening and a higher policy rate peak are the biggest risks to the current outlook. U.S. consumer price inflation unexpectedly fell …

The Fed will raise rates by 50 basis points, but the key rate could be higher Read More »