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Search resuls for: "Jim Paulsen"


2 mentions found


☆ As the 3rd-quarter reporting season begins, markets are bracing for signs of a recession that could send stocks into a deeper bear market
  + stars: | 2022-10-11 | by ( Jason Ma | ) www.businessinsider.com   time to read: +6 min
The Fed's aggressive tightening is setting off more warnings about a recession and fallout for the stock market. Ahead of JPMorgan's quarterly report, CEO Jamie Dimon said the economy is on the verge of a recession, and the stock market could fall another 20%. But most importantly, it's Russia's war against Ukraine that is most unsettling to markets and poses a great risk. Meanwhile, billionaire hedge fund manager Paul Tudor Jones said a "recession playbook" could see stocks fall 10% further. PayPal stock fell after a botched roll-out of an acceptable use policy update that included big fines for the promotion of misinformation.
☆ The Fed is now expected to keep raising rates then hold them there, CNBC survey shows
  + stars: | 2022-09-20 | by ( Steve Liesman | ) www.cnbc.com   time to read: +5 min
That is, the Fed will hike and hold, not hike and cut as many in the markets had been forecasting. The September CNBC Fed Survey shows the average respondent believes the Fed will hike 0.75 percentage point, or 75 basis points, at Wednesday's meeting, bringing the federal funds rate to 3.1%. The new peak rate forecast represents a nearly 40 basis-point increase from the July survey. Ryding sees a potential need for the Fed to hike as high as 5%, from the current range of 2.25%-2.5%. Respondents put the recession probability in the U.S. over the next 12 months at 52%, little changed from the July survey.
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