The Latest Breaking News from Recession

A day after celebrating the Federal Reserve’s signal that it wouldn’t be making any jumbo-sized moves, traders woke up on Thursday deciding that the central bank will struggle to fight high inflation amid the lingering threat of a recession.

Concerns over interest rate hikes and growing supply chain issues have led to the tech industry witnessing a significant sell-off. However, given the tech industry’s solid long-term growth prospects, tech giants Oracle (ORCL) and Alphabet (GOOGL) are well-positioned to withstand a potential recession and significant market volatility. But which of…

Were I the UK’s governing party, I would choose not to have my central bank raise interest rates, predict double-digit inflation and warn of a recession halfway through polling day. But such are the joys of Bank of England operational independence.

Experts are predicting further rates rises but warn it will be difficult for the Bank of England to control inflation without risking recession.

Many analysts believe that the U.S. economy is slipping into recession. We think investors looking to dodge the recessionary pressure could bet on discount retail stocks Costco (COST), Walmart (WMT), BJ’s Wholesale (BJ), PriceSmart (PSMT), and Target (TGT). So, let’s discuss.

Analysis: As the Bank of England raises interest rates the message is clear – the 1970s are back

UK interest rates have been raised amid warnings the economy​ will go into reverse and that inflation will peak at more than 10.

The Bank of England increased interest rates as it battles against rising inflation and warns that the economy will go into reverse this winter.

Inflation will top 10% by the end of the year, the highest rate since 1982, the Bank of England warned today.

America's central bank is hiking interest rates by half a percent in a bid to tame decades-high inflation in the US. But it’s also tempering its plan for future hikes to avoid sending the economy into recession. Meanwhile, French consumers are facing skyrocketing prices across a number of sectors.

WASHINGTON — For the first time in 22 years, the Federal Reserve on Wednesday pushed up interest rates by a full half-percentage point — a significant escalation of its efforts to get control of troublingly high inflation.