Page 16 - Recession

US dollar, Japanese Yen find support as investors put safety first

The dollar and Japanese yen both found support in a choppy Asia session on Monday, benefiting from a bid for safety as investors worried rising interest rates and softening economic data

Global dealmaking braces for dry spell as boardrooms put expansion on hold

Russia's invasion of Ukraine in February and fears that an economic recession is looming dealt a blow to merger and acquisition (M&A) activity in the second quarter.

Oil rises almost $2 a barrel, still set for weekly drop on recession fears

U.S. Federal Reserve Chair Jerome Powell said the central bank's focus on curbing inflation was "unconditional", adding to fears about more interest rate hikes that have weighed on financial markets

Sensex rises 443 pts; Nifty rebounds nearly 1% as auto, IT shares advance

Experts said a fall in oil prices and other key commodities are a silver lining in the domestic market

Citi sees chances of global recession nearing 50% due to Ukraine war, Covid

Recession is an 'increasingly palpable risk' for the economy, Citigroup analysts wrote in a note on Wednesday

Fed aims to avoid recession, but it certainly is a possibility: Powell

He said the pace of future rate hikes will depend on whether and how quickly inflation starts to decline, something the Fed will assess on a meeting by meeting basis.

Fed will decide on rate hikes 'meeting by meeting', says Jerome Powell

Its decision-making will be based on the incoming data and the evolving outlook for the economy, Powell said in prepared testimony to the Senate Banking Committee

5 reasons why BofA Securities has cut year-end Nifty target to 14,500

Clarity on macro and monetary policy outlook in the US/India, it said, is the silver lining that could see markets bottom out by August/September 2022., it said

No let-up in market sell-off as recession fears build for world economies

Experts said risk aversion among investors is due to scepticism over whether policymakers will be able to achieve aggressive monetary tightening to tame inflation without triggering recession

Sensex falls 710 pts, Nifty holds 15,400; Metal index drops 5%, RIL 3%

CLOSING BELL: In the broader markets, the Nifty MidCap100 and SmallCap100 indices fell up to 1.6 per cent.

IT analysts in wait-and-watch mode as experts see mild recession in the US

Analysts predict that if a slowdown does happen by 2022-end, the impact will be seen only in second half of FY23

Risk of US recession now higher and more front-loaded, warns Goldman

The Goldman economists now see a 30% probability of entering a recession over the next year, compared to 15% previously, and a 25% conditional probability of entering a recession in the second year

Markets need tourniquet fix: Metal stocks melt down amid fears of recession

BSE Metal Index now down 35% from 2022 highs

US economy will slow but recession not inevitable, says Janet Yellen

Treasury Secretary Janet Yellen said Sunday that she expects the US economy to slow in the months ahead, but that a recession is not inevitable. Yellen offered a dose of optimism even as economists grow increasingly worried about a recession fuelled by skyrocketing inflation and the Russian invasion of Ukraine. She also expressed an openness, during an interview on ABC's This Week, to a federal gas tax holiday to help give motorists some relief at the pump. Several lawmakers have floated the idea as the average price of gasoline hovers around $5 per gallon; the tax is 18.4 cents per gallon. That's an idea that's certainly worth considering, Yellen said when asked if the administration is weighing it. She added that President Joe Biden wants to do anything he possibly can to help consumers. And Energy Secretary Jennifer Granholm said it's one of the tools, but told CNN's State of the Union that part of the challenge with the gas tax, of course, is that it funds the roads. Yellen sa

Coinbase lays off 18% of workforce; firm entering recession, says CEO

Leading crypto exchange Coinbase has announced that it is laying off 18 per cent of its workforce, or about 1,100 jobs amid the economic downturn

What is stagflation?

Global asset management firm Bernstein has said that markets should brace for tough days ahead, as India was staring at stagflation. It is marked by high inflation and stagnant economic growth

StanChart CEO sees shallow and short recession by early 2023: Here's why

"I think central banks have to take this inflation problem head on," Winters told the Reuters Global Markets Forum (GMF) on Wednesday

A global recession and its likely fallout on India's economic growth

While foreign fund inflows could ebb and exports could take a beating, the Indian economy is unlikely to suffer recession again

World Bank warns of recession as Ukraine war hits already rocked economies

Countries around the world are facing recession as the Ukraine war hits economies already rocked by the Covid pandemic, the World Bank has warned, BBC reported.

Global recession can stay for up to 18 months, says Tesla CEO Elon Musk

Breaking his silence over the current global meltdown, Elon Musk said the recession the world is now experiencing owing to multiple macro-economic factors could last up to 18 months