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The Latest Breaking News from Recession

Yellen insists US not in recession as economy shrank 0.9 per cent in second quarter

Two negative quarters meets the informal definition of recession but many economists disagree

The Independent UK

When does a recession begin – and is the US in one now?

Question weighs on consumers, politicians and investors around the world as the Federal Reserve raises interest rates

The Guardian - US

U.S. economy shrinks for second straight quarter, igniting recession fears

It's not officially a recession yet, but the data shows the economy is on shakier footing as growth slows.

Axios

From analysis to the latest developments in health,
read the most diverse news in one place.

US economy shrinks in second quarter, signaling unofficial start of recession

The bad news will be a major blow for the Biden administration as it prepares for a tough midterm election season

The Guardian - US

Conservative leadership: Pragmatic Prime Minister is needed to navigate recession

City Voices: Candidates for PM must drop dogmatic approach to tax

Evening Standard

Powell: No recession right now, but anything's possible

Closely watched economic figures come out this morning.

Axios

Top economist David McWilliams sounds 'creeping' recession warning for Ireland

Finance guru Eddie Hobbs previously warned a 'firestorm' recession in autumn is 'likely'

Irish Mirror

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U.S. economy just had a 2nd quarter of negative growth. Is it in a recession?

GDP shrank for a 2nd quarter in a row. While two consecutive quarters of negative growth is often considered a recession, it's not an official definition. Parts of the economy are clearly struggling.

WEKU

Riyadh, Paris Keen on Strengthening Strategic Partnership

Amid fears that European economies would face a recession as a result of the Russian-Ukrainian war, economists expected that the Saudi-French talks would enhance strategic partnerships that will help stabilize global energy and oil markets, and reduce the challenges facing food supply chains. Dr.

Asharq Al-Awsat

US economy likely grew modestly, if at all, last quarter

After going backward from January through March, the U.S. economy probably didn’t do much better in the spring

The Independent UK

Australia forecasts high inflation for another 2 years

New forecasts by Australia’s government say runaway inflation will remain unacceptably high for the next two years and economic growth will slow without falling into recession

The Independent UK

Recession Ireland: Top economist warns 'creeping' recession will hit Ireland

There are many indicators that the country is headed for a recession

Dublin Live

US not yet in recession and 4 other takeaways from the Fed

Jerome Powell delivered a tough message at the start of a news conference Wednesday: Inflation is way too high, and the Federal Reserve is laser-focused on taming it with higher borrowing costs

The Independent UK

Treasurer warns Australians to brace for pain to escape recession in confronting economic statement to parliament

Forecasting a peak in inflation to 7.75 per cent by the year's end, the Treasurer says Australians must brace to take some "tough medicine" if the nation is to escape a recession.

ABC News

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The Conversation

A hawkish Fed signals further rate hikes and sees a slowing economy – but not recession

The U.S. Federal Reserve hiked its benchmark interest rate by a further three-quarters of a percentage point on July 27, 2022.

The Guardian - AU

Morning mail: challenges ahead amid soaring inflation, US lifts interest rate, farewell to Ramsay Street

Thursday: Treasurer trims economic growth prediction amid warnings the world is ‘on the edge’ of global recession. Plus: a deep dive into colonic irrigation clinics

StockNews.com

Should You Buy These 2 Stocks on the Dip?

Investors’ concerns over the Fed’s hawkish stance to lessen the inflationary pressure and rising odds of the economy tipping into a recession have kept the stock market highly volatile of late. While the market downturn creates attractive buying opportunities, avoiding fundamentally weak stocks, The Walt Disney (DIS) and Sea (SE)…

StockNews.com

3 Stocks to Help You Make Passive Income in 2022

Concerns over the Fed’s aggressive interest rate hikes and growing odds of the economy sliding into a recession are expected to keep the stock market highly volatile in the upcoming months. Amid these volatile market conditions, it could be wise to invest in high dividend-yielding stocks Texas Instruments (TXN), Visa…

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news in one place.

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StockNews.com

5 Reliable Stocks to Buy in a Volatile Market

Concerns over high inflation and the potential rate hikes are stoking recession fears and driving immense market volatility. So, dividend-paying stocks Coca-Cola (KO), Keurig Dr Pepper (KDP), Ennis (EBF), Constellation Brands (STZ), and Casey's General Stores (CASY) could be ideal picks now for ensuring a steady income stream. Read more….

The Guardian - US

Fed announces another three-quarter-point increase in interest rates

The move is intended to curb inflation though previous increases this year have had little effect so far

Axios

US Fed raises interest rates another 0.75 points, sees economy softening

A series of rate hikes, intended to bring down inflation, have increased the risk the United States will fall into recession.

Benzinga

Nervous About Interest Rate Hikes? These 3 Under-the-Radar, Tax-Advantaged Securities Offer Yield Up to 14%+

For 14 years, the federal funds rate has hovered around zero. The Federal Reserve or “Fed” maintained these low rates to stimulate the economy during two steep market downturns: the 2008 Great Recession and the 2020 COVID-19 pandemic sell-off.

Tribune News Service

US economy seen narrowly averting back-to-back contractions

The U.S. economy may have eked out modest growth in the second quarter, skirting back-to-back quarterly contractions, but rising at a tepid enough pace to feed concerns of an eventual downturn.

The Conversation

Why a universal job guarantee beats the basic income pipe dream

With the current cost-of-living crisis resulting in dramatic inflation, higher interest rates and a looming recession, people have been searching for solutions to the economic crisis. A universal job guarantee may just be the answer we’re looking for, especially since Canada lost 43,000 jobs in June.

Los Angeles Times

Fed announces another big interest rate hike to thwart inflation. When will it stop?

WASHINGTON — In the most aggressive back-to-back interest rate increases since the early 1980s economic crisis, the Federal Reserve on Wednesday announced another three-quarters of a percentage point hike and signaled that it wasn’t done in its effort to beat back inflation despite rising risks of triggering a recession.

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