With the Federal Reserve maintaining a hawkish stance, investors have been fleeing toward the safety of cash at a record pace. In the week through Nov. 2, investors poured in $62.1 billion into cash, a note from Bank of America (BofA) said citing EPFR Global Data. Since the beginning of October, fund flows into cash…
Investors Rush to Safety of Cash at Fastest Pace Since Pandemic Stock Rout
November 5, 2022
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More Americans Are Living Paycheck to Paycheck Amid High Inflation
October 25, 2022
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As inflation continues to remain elevated, Americans are struggling to make ends meet and finding that there isn’t much leftover after making monthly payments, according to a recent survey by LendingClub. As of September 2022, 63 percent of U.S. citizens were living paycheck to paycheck, up 5 percent from 57 percent in September 2021. Last…
Fed Playing a ‘Dangerous Game’ That May Lead to ‘Significant Recession’: Invesco Strategist
October 22, 2022
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As the Federal Reserve keeps raising interest rates in its attempt to bring down inflation, it’s running the risk of triggering a considerable economic slowdown, according to Invesco’s chief global market strategist Kristina Hooper. “When you are raising rates in 75-basis-point increments and you’re not giving any time for it to process through and make…
Another Recession Red Flag Raised as Leading Economic Index Drops Deeper Into Negative Territory
October 21, 2022
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Indications that the United States will soon enter a recessionary period are strengthening as a prominent economic indicator dropped further into negative territory in September. The Conference Board’s Leading Economic Index (LEI) declined by 0.4 percent to 115.9 in September after remaining unchanged in August, according to an Oct. 20 press release. During the six-month…
Inflationary Pressures Leading to ‘Weak Demand,’ Expensive Housing, and Food Insecurities: Fed’s Beige Book
October 20, 2022
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U.S. economic activity was mostly flat, while some regions showed a decline with low spending following interest-rate hikes, said a recent report from the Federal Reserve, indicating an overall pessimistic outlook underlined by weekend demand. “Four districts noted flat activity and two cited declines, with slowing or weak demand attributed to higher interest rates, inflation,…
Microsoft Cutting Jobs as Recession Fears Mount
October 18, 2022
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Microsoft is laying off additional workers following a declining pace of revenue from software products, in a move adopted by several technology companies lately to curb costs as recession looms ahead. “Like all companies, we evaluate our business priorities on a regular basis, and make structural adjustments accordingly,” a Microsoft spokesperson told multiple media outlets….
Americans’ Spending Expectations Plummet, Fresh Warning Sign for the Economy
October 12, 2022
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Household spending expectations have fallen in the month of August amid elevated inflation rates, signaling potentially bad days ahead for the American economy. “Median household spending growth expectations fell sharply to 6.0 percent from 7.8 percent in August, its steepest one-month decline since the series’ inception in June 2013, and its lowest reading since January…
Americans’ Household Wealth Falls by Record $6.1 Trillion
September 12, 2022
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The net worth of American households dropped by $6.1 trillion in the second quarter of 2022, triggered by a decline in the stock market, according to a latest report by the Federal Reserve. Total net worth of households and nonprofit organizations at the end of the second quarter was at $143.8 trillion, according to the…
Three-Quarters of Americans Making Plans for Dealing With Impending Recession: Poll
August 26, 2022
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More than three-quarters of American citizens are planning out steps to deal with a potential economic recession, results of the latest Bankrate poll show. While 69 percent of survey respondents were “worried” about the possibility of a recession before the end of 2023, 40 percent were “somewhat worried” about the possibility and 29 percent were…
‘Housing Recession’ Is Here as Homebuilder Sentiment Plunges: NAHB
August 16, 2022
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Homebuilder confidence fell for the eighth straight month in August, with experts blaming elevated mortgage rates and construction expenses for the crisis. According to data from the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), builder confidence for newly built single-family homes declined by six points, to 49, this month, the first…
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