The Latest Breaking News from Recession

Editorial: Workers should not be paying for a recession that they did not cause

The U.S. labor market burned red-hot in January as hiring unexpectedly surged and unemployment fell to a 53-year low, defying recession forecasts and adding pressure on the Federal Reserve to keep raising interest rates.

Despite the cooling inflation, the Fed is not expected to cut rates in 2023 as it is committed to achieving its 2% inflation target. Continued rate hikes, albeit at a lower rate, could potentially push the economy into a recession this year. Amid lingering recession fears, it could be wise…

As inflation shows signs of cooling, the Fed has significantly slowed its aggressive rate hike policy. Moreover, given a tight labor market, experts believe the economy might avoid a recession. Amid the rising optimism, we think quality stocks Merck (MRK), PepsiCo (PEP), and Limbach (LMB) are ideal buys for long-term…

Barely more than a year ago, interest rates were just 0.1 per cent. Following yesterday’s 50 basis points rise — the 10th hike in succession — they stand at four per cent. Still low by historical standards, but little comfort for homeowners preparing for skyrocketing repayments.

It's down to sweaters, small businesses, and Russian oil.

Generous incentives have supported business investment in recent years but further interest rate rises could "unnecessarily" tip Australia into recession.

While the better-than-expected GDP growth in the last quarter and declining inflationary pressures are raising optimism, macro uncertainties remain. With interest rate hikes expected to continue, recession possibilities cannot be ruled out. Therefore, fundamentally sound dividend-paying stocks, AbbVie (ABBV), Gilead Sciences (GILD), and Sisecam Resources (SIRE), could be worth investing…

In a move in line with City forecasts, the Bank of England has raised interest rates by 50 basis points to 4 per cent, the highest level since October 2008.

We can avoid a recession if companies invest wisely in their future; our mood will be the crucial determinant.

The Bank of England warned that an economic slump is looming but it will be shorter and shallower than predicted thanks to falling energy prices and inflation starting to ease