The Latest Breaking News from Recession

Markets have turned volatile over fears higher interest rates and oil and gasoline prices will force the economy into a major recession. It's not clear how big a recession is ahead or if it's coming at all.

“Looking back at previous housing recessions, we think the 1980s are a better analogy for today's market than the 2008 housing crash,” BofA economists said.

Société Générale’s Albert Edwards said that while some economists are expecting a soft landing his “view is that a recession still lurks.”

Higher interest rates and potential recession fears drive major crypto market decline

Economic arm of UN says pro-growth stance needed, with interest rate rises increasing inequality

Recession is imminent, no recession on the horizon, a soft landing…or small recession…has been the constant and contradictory litany flowing from Wall Street the past year. The combination of interest rates and oil both spiking recently certainly lends credence to some form of recession in 2024. Stocks that have some…

Treasury Secretary Janet Yellen is sounding the alarm about the damage a government shutdown could do to the U.S. economy. "It's really reckless and will impose immediate harm," Yellen told NPR.

Recessions can be challenging to predict, and experts use economic data and trends to make informed judgments about when a recession has begun or is likely to occur. But why predict when a consistent pattern ultimately illustrates when a recession starts?

Mike Wilson fears that investors have become overly optimistic after so many 'erroneous' recession predictions, and more stock market pain is coming.