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Search resuls for: "National Association for Business Economics"


6 mentions found


☆ Corporate economists say recession odds are greater than 50-50
  + stars: | 2022-10-24 | by ( Alicia Wallace | ) edition.cnn.com   time to read: +2 min
Minneapolis CNN Business —Almost two-thirds of corporate economists believe the United States is already in a recession or will be within the next 12 months, according to the latest survey from the National Association for Business Economics. The survey also showed that sales growth is slowing, wages are rising and capital spending is dropping. The Federal Reserve has stepped up its efforts to tamp down high prices via a series of blockbuster interest rate hikes. A total of 9% of respondents indicated prices were falling, the largest share reported since January 2021. Shortages of raw materials and labor continue to hinder businesses’ operations, according to the survey.
☆ Recession: Biden acknowledges a 'slight recession' is possible, even if he doesn't think it'll happen
  + stars: | 2022-10-11 | by ( Maegan Vazquez | ) edition.cnn.com   time to read: +4 min
That is we’ll move down slightly,” Biden told Tapper in his first exclusive interview with CNN since taking office, adding later, “It is possible. Look, it’s possible. I don’t anticipate it.”Investors, economists and banks, however, are all warning that the US is likely to enter a recession in the coming months. “Every six months they look down the next six months and say what’s going to happen. “I mean … so much has been accomplished that the idea that … there’s an automaticity to recession is just not … there,” Biden remarked.
☆ Fed's Brainard says rates to stay restrictive, but attentive to risks
  + stars: | 2022-10-10 | by ( Howard Schneider Ann Saphir | Howard Schneider | Ann Saphir | ) www.reuters.com   time to read: +5 min
Register now for FREE unlimited access to Reuters.com Register"There is clarity that monetary policy will be restrictive for some time, until there is confidence inflation comes down. The (Federal Open Market) Committee has said policy rates will increase further," Brainard said. But "we also will be learning as we go and that assessment will reflect incoming data and also risks domestically and globally ... The Fed has raised rates rapidly this year, using three-quarter point increments of late to bring the target federal funds rate to a range between 3% and 3.25%. "We're headed for this four and a half percent-ish federal funds rate by March," Evans said, with little time left for data to shift officials' views.
☆ Evans: close alignment on rate hikes, still chance for soft landing
  + stars: | 2022-10-10 | by ( Howard Schneider | Thomson Reuters | Covers The U.S. Federal Reserve | ) www.reuters.com   time to read: +3 min
The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, D.C., U.S., June 14, 2022. "There's not really a lot of difference" at this point among Fed officials' views about appropriate policy, Evans said. Evans called that "a pretty good looking soft landing." "While this does represent a noticeably softer labor market when compared with today's, these certainly are not recession-like numbers," Evans said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Howard Schneider; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.
☆ Fed's Brainard: Policy taking hold on economy, with full impact still months ahead
  + stars: | 2022-10-10 | by ( Howard Schneider Ann Saphir | Howard Schneider | Ann Saphir | ) www.reuters.com   time to read: +2 min
CHICAGO, Oct 10 (Reuters) - Tighter U.S. monetary policy has begun to be felt in an economy that may be slowing faster than expected, but the full brunt of Federal Reserve interest rate increases still won't be apparent for months, Fed Vice Chair Lael Brainard said Monday. Still, the Fed vice chair gave no indication that economic weakness was at a point where it would change Fed plans to continue raising interest rates. "Uncertainty remains high, and I am paying close attention to the evolution of the outlook as well as global risks," that could stress financial markets Brainard said. Still "monetary policy will be restrictive for some time to ensure that inflation moves back to target over time," Brainard said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Howard Schneider; Editing by Andrea RicciOur Standards: The Thomson Reuters Trust Principles.
☆ Premarket stocks: White-collar workers are feeling the brunt of the Fed's rate hikes
  + stars: | 2022-10-10 | by ( Nicole Goodkind | ) edition.cnn.com   time to read: +7 min
Stocks fell sharply as investors evaluated the report, which showed more jobs than expected were added to the US economy and indicated that more pain-inflicting interest rate hikes from the Federal Reserve lie ahead. White-collar office workers appear to be feeling the brunt of the Fed’s actions: The financial and business sector saw a large decline in employment last month. What’s happening: The US economy added 263,000 jobs in September, higher than analyst estimates of 250,000. Business support services — such as telemarketing, accounting and administrative and clerical jobs — are also bleeding jobs. Meanwhile, legal services lost 5,000 jobs, and advertising services also dropped 5,000 jobs.
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