IMF Expects the US Economy to Experience High Inflation for at Least Another Year or Two
The International Monetary Fund (IMF) expects the U.S. economy to experience high inflation. It would be for at least another year or two. “I would be careful when looking at a data point for the United States,” warned the IMF’s first deputy managing director, Gita Gopinath. IMF on the US Economy and Global Inflation The […]
The Fed’s GDP tracker shows the economy could be on the brink of a recession
A widely followed Federal Reserve indicator indicates the U.S. economy. The Fed’s GDP tracker shows the economy could be on the brink of a recession. The U.S. economy heading for a second consecutive quarter of negative growth, meeting a general definition of a recession. In recent updates, the Atlanta Fed’s GDPNow tracker now points to […]
The US economy is going into the toilet
JPMorgan Chase CEO Jamie Daman says an economic hurricane is coming. It seems like the US economy is going into the toilet. Tesla’s Elon Musk says he has a very bad feeling about the decline. Companies are reducing their earnings forecasts. Oh, and we’re in the midst of an energy and inflation crisis, and stocks […]