The Latest Breaking News from Recession

Base rate raised by 0.5 percentage points to 1.75%, as Bank says inflation will hit 13% in October

Economists say bleak new GDP and inflation forecasts are a “horror show.”

WASHINGTON— Federal Reserve leaders pledged the central bank would continue an aggressive fight to cool an inflation rate that’s at a four-decade high, even if higher rates cause the risk of recession.

The economic growth forecasts are truly dire and point to rising unemployment and falling wages growth

The stock market has been under pressure amid soaring prices and widespread recession fears. Amid the volatile market scenario, buying dividend stocks BHP Group (BHP), Rio Tinto (RIO), and Lumen Technologies (LUMN), which yields over 5%, could be a wise strategy to ensure a stable income stream. Read on….

The Fed’s tightening monetary policy raises concerns that the economy might be on the cusp of a recession. However, robust corporate earnings this season is providing some relief in the gloomy outlook. Given this scenario, here are two growth stocks, AmerisourceBergen (ABC) and Civeo (CVEO), which have demonstrated stable momentum…

The US has technically entered a recession in the second quarter 2022 as the economy contracted 0.9% year over year, following a 1.6% decline in the first quarter.

A chilling warning about the state of the economy - and how it affect vulnerable households - has been issued.

Growing concerns over sky-high inflation, the Fed’s aggressive interest rate hikes, the decline in GDP for two consecutive quarters, and increasing odds of a recession are expected to keep the stock market under tremendous pressure in the near term. Amid this backdrop, investing in fundamentally sound stocks AbbVie (ABBV), Acuity…