by Bloomberg.com | Mar 7, 2023 | alerts, Markets/Economy
Billionaire Ken Griffin said the setup for a US recession is unfolding, with the Federal Reserve needing to raise interest rates further after Americans were stung with “traumatic” levels of inflation. The founder of Citadel and Citadel Securities said the Fed is...
by Bloomberg.com | Mar 7, 2023 | alerts, Markets/Economy
‘Even the cyclical names that have gone too far’ could tumble Lack of cash coming in the door is an earnings vulnerability Morgan Stanley’s Michael Wilson says he still sees some 20% downside on some of the big technology and meme stocks, without specifying which...
by Bloomberg.com | Mar 6, 2023 | alerts, Markets/Economy
Geopolitical factors will add to high inflation, Roubini says The RBA is expected to lift rates by 25 basis points Tuesday Economist Nouriel Roubini warned that the global economy is at risk of a “hard landing” due to central bank efforts to gain control over...
by Bloomberg.com | Mar 3, 2023 | alerts, Markets/Economy
In recessionary sign, shoppers trading down to cheaper goods Consumer sector did well last quarter, but bearish on 2023 One of the biggest questions for investors over the past year has been when Americans will pull back on spending and trigger a recession. In the...
by Bloomberg.com | Mar 1, 2023 | alerts, Markets/Economy
Consumer prices rose 9.3% from year ago in February; est. 9% ECB set for half-point March hike with focus on months ahead German inflation surprisingly accelerated in February, further complicating the European Central Bank’s task after overshoots this week in other...
