New York CNN Business — The CEO of one of the nation’s largest banks is preparing for an economic downturn in 2023. But he’s also hopeful that the likely recession
Tag: economic conditions
Mortgage rates fall for the second week in a rowMortgage rates fall for the second week in a row
Mortgage rates dropped again this week, after plunging nearly half a percentage point last week. The 30-year fixed-rate mortgage averaged 6.58% in the week ending November 23, down from 6.61%
Home sales drop for 9th monthHome sales drop for 9th month
Home sales in the United States declined for the ninth month in a row in October as surging mortgage rates and high prices pushed buyers out of the market. Sales
Inflation is cooling, and Wall Street loves itInflation is cooling, and Wall Street loves it
New York CNN Business — Stocks were mostly higher on Tuesday after the US government reported that wholesale prices rose at a far less dramatic rate than expected. That news
Key inflation report indicates the Fed’s rate hikes may be starting to cool pricesKey inflation report indicates the Fed’s rate hikes may be starting to cool prices
Minneapolis CNN Business — A key measure of inflation, wholesale prices, rose by 8% in October from a year before, according to the latest report from the Bureau of Labor
Japan’s economy shrinks for the first time in a yearJapan’s economy shrinks for the first time in a year
Japan’s economy unexpectedly shrank for the first time in a year in the third quarter, stoking further uncertainty about the outlook as global recession risks, a weak yen and higher
Jeff Bezos’ top tips for managing the economic downturnJeff Bezos’ top tips for managing the economic downturn
Washington CNN Business — Amazon founder Jeff Bezos recently warned consumers and businesses they should consider postponing large purchases in the coming months as the global economy contends with a
One award from the Fed got markets all worked up. Then Powell spoke.One award from the Fed got markets all worked up. Then Powell spoke.
Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. New York CNN Business — The
Janet Yellen: Treasury secretary says she’s not seeing signs of a recession in the US economyJanet Yellen: Treasury secretary says she’s not seeing signs of a recession in the US economy
CNN — Treasury Secretary Janet Yellen said Thursday in an exclusive interview with CNN that she did not see signs of a recession in the near term as the US
Stock market keeps rallying even though consumers feel lousyStock market keeps rallying even though consumers feel lousy
New York CNN Business — Consumers may be worried about inflation and rising interest rates. But don’t tell that to Wall Street. Stocks rose again Tuesday, putting the market on