Federal Reserve Chair Jerome Powell signaled on Wednesday that rising tariffs could stall progress on inflation and growth, cautioning that the central bank cannot act preemptively amid ongoing uncertainty over their scope and scale.Speaking during a press briefing, Powell noted that elevated trade...
United States President Donald Trump said in an interview on NBC News that everything would be "ok" in response to recession concerns, calling this a "transitional period," and expressing his belief that the US would "do fantastically."When asked if he was worried about a recession, Trump stated "no,"...
European Central Bank Governing Council Member and Latvian Central Bank Governor Martins Kazaks (pictured) warned in a blog post on Monday that the euro area's recession probability is increasing due to trade wars triggered by United States President Donald Trump's tariff policies. "Recession is...
The United Nations Conference on Trade and Development (UNCTAD) said on Wednesday that the global economy is on a "recessionary trajectory" and its growth could slow to 2.3% in 2025.UNCTAD warned in a new report that global growth is affected by constant uncertainty and intensifying trade...
BlackRock CEO Larry Fink told CNBC on Friday that the United States economy has deteriorated significantly in recent months."I think we're very close, if not in, a recession now," Fink shared in the interview. He explained that a slowdown is expected until there is more certainty. "And we now have a...
The odds of the United States economy plunging into recession this year increased to 70% on Wednesday, according to the latest information from the financial exchange and prediction market Kalshi.It marks a notable increase in the chances of the world's biggest economy heading into recession in...
Fitch Ratings warned on Thursday that United States tariffs significantly increase the risk of the country entering a recession, as the newly imposed levies reached a level "last seen in 1909."Fitch insisted that US economic growth is likely to be slower than the 1.7% projected in March. "Tariff hikes...
Federal Reserve Bank of Richmond President Tom Barkin noted Tuesday that the bond market is increasingly signaling recession risks.Speaking at the Council on Foreign Relations, Barkin emphasized the prevailing uncertainty in the economy, stating, "We are all driving in the fog." He highlighted that...
United President Donald Trump responded to a question about the possibility of a recession during an interview on Fox, saying that now that he's elected "we're going to have the strongest economic country in the history of the world."When asked again if he is ruling out a recession in 2025,...
Federal Reserve Chair Jerome Powell said Wednesday that while forecasters have slightly raised the probability of a recession, the risk remains low.Speaking at the FOMC press conference, Powell emphasized that the Fed is closely monitoring economic data for signs of weakness but believes its...
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