Why a US recession is probably coming | CNN Business

Want to know what the future holds for the US economy? You’ll have to consult your crystal ball. But if that doesn’t work, Jake Jolly, head of investment analysis at BNY Mellon Investment Management, has outlined three possible scenarios, each considering the impact of the banking crisis, the “stickiness” of inflation, and the path of rate hikes by the Federal Reserve. Each year, Jolly and his team debate scenarios for the economy going forward.

Job loss is minimal as wage growth decelerates alongside inflation. China’s reopening has positive spillover effects and is, on balance, disinflationary for core goods. “This is a challenging business cycle to read,” said Jolly. “There are dynamics in the post-Covid world that are weird: The labor market not behaving in ways we would have expected it to at this point. It’s possible that the economy sees disinflation in a way that it hasn’t in previous cycles.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Wall Street wants clarity from Fed meeting and jobs data | CNN BusinessAfter a jam-packed week of earnings, bank drama and mixed inflation data, Wall Street doesn’t have time for a breather just yet.
La source: CNN - 🏆 4. / 95 Lire la suite »

Big banks are bidding for troubled First Republic as FDIC deadline looms | CNN BusinessFederal regulators are holding an auction for ailing regional bank First Republic, a person familiar with the matter tells CNN.
La source: CNN - 🏆 4. / 95 Lire la suite »

US Chamber of Commerce warns of major increase in risks for businesses in China | CNN BusinessThe United States Chamber of Commerce has warned that rising scrutiny of American firms in China “dramatically increases” the uncertainties and risks of doing business in the country.
La source: CNN - 🏆 4. / 95 Lire la suite »