When the Fed begins its long-awaited bond-tapering program as it seeks to tame red-hot inflation, the clock starts ticking on when the U.S. might see another recession. Or so says strategists at Deutsche Bank. The investment bank predicts the Federal Reserve will accelerate the purchase of its bond purchases in 2022 (and then quickly), opening the door for the first interest rate hike of this economic cycle as early as March. With that first hike and the end of the tapering program —… Source link
Read More »Redditors cheering on market mayhem recall growing up amid the Great Recession
TipRanks These 2 Penny Stocks Could Rally All the Way to $11, Say Analysts At its January FOMC meeting, the Federal Reserve held interest rates steady – they are near rock-bottom now, and to no one’s surprise, the Fed is keeping them there. Fed Chairman Jerome Powell may have fed some market pessimism when he spoke after the meeting, and pointed out that unemployment, which has been rising in recent months. For market watchers seeking support, there is solace in the Fed’s monetary… Source link
Read More »Will it be the shortest recession in history?
The coronavirus pandemic has created one of the worst recessions the world has seen since the 1930’s Great Depression – but it is also shaping up to be one of the shortest. According to research from Commonwealth Bank’s international economics team, the global economy is already showing signs of bouncing back, following a “very deep [contraction] but very quick at only a few months”. “The months-long lockdown in the first half of 2020 means most economies will contract in 2020. But… Source link
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