The latest recession probability models by Bloomberg economists Anna Wong and Eliza Winger forecast a higher recession probability across all timeframes, with the 12-month estimate of a downturn by October 2023 hitting 100%, up from 65% for the comparable period in the previous update.
But tightening financial conditions, persistent inflation and expectations of a hawkish Federal Reserve pressing ahead with rate hikes are raising the risk of a contraction. But inflation, which has hovered near a four-decade high, has been a drag on Democrats’ prospects in an election where polls indicate the economy is voters’ top issue.
Won't bother zelensky..
It's the WAR U.S. must STOP fueling RUSSIA ukraine
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Business Maverick: Chip Delivery Times Shrink in Sign That Supply Crunch Is EasingChip delivery times shrank by four days in September, the biggest drop in years, in a sign that the industry’s supply crunch is easing.
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Business Maverick: China stocks slide as Xi disappoints on Covid Zero policyTraders in China hoping for signs of a shift away from Covid Zero and further support for the ailing property sector were disheartened by President Xi Jinping’s speech, spurring a decline in stocks. The benchmark CSI 300 Index slid as much as 0.9% on Monday, after anticipations ahead of the twice-a-decade Party Congress contributed to a jump on Friday. A gauge of Chinese equities listed in Hong Kong slumped as much as 2.2%. 0.9%?
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Business Maverick: Asian stocks drop, dollar slips amid wary trading: markets wrapAsian equities fell while major currencies made gains against the dollar in a cautious open to the week following further weakness on Wall Street and a defiant message to the world from China’s Communist Party congress.
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