Catenaa, Tuesday, March 25, 2025- Americans’ expectations for the economy fell to a 12-year low in March, data showed on Tuesday, as consumers expect a recession ahead with uncertainty in Trump’s handling of the economy. The latest consumer confidence index reading from the Conference Board was 92.9 in March, below the 100.1 seen in February and […]
Catenaa, Saturday, April 12, 2025- Goldman Sachs economists withdrew a recession prediction Wednesday just over an hour after issuing it, following President Donald Trump announced a pause of new tariffs on multiple countries. The initial forecast, released shortly before 1 p.m., projected a 65% chance of recession within the next 12 months, citing country-specific tariffs […]
Catenaa, Tuesday, May 13, 2025- Goldman Sachs lifted its three-month S&P 500 index target to 5,900 points due to easing trade tension between the US and China, but it says there are still uncertainties. A note by Goldman Sachs analyst David Kostin and team, sent to clients, said that they have raised their three-month target […]
Catenaa, Monday, March 31, 2025– Goldman Sachs expects the Federal Reserve to have three 25 bps interest rate cuts in 2025 while it upgrades its 12-month recession probability to 35% as Liberation Day approaches. The Wall Street brokerage said in a note on Sunday that now it sees consecutive cuts in July, September, and November, […]
Catenaa, Monday, April 07, 2025- Goldman Sachs has raised its US recession forecast to 35%, up from 20%, citing economic uncertainty fueled by President Donald Trump’s proposed tariffs. The bank’s revised outlook aligns with warnings from Moody’s Analytics Chief Economist Mark Zandi, who described the situation as a “trade war” with escalating consequences. Major trading […]
Catenaa, Friday, April 04, 2025- JPMorgan has increased the US recession risk to 60% after US President Donald Trump implemented the largest cumulative tax hike in 57 years on Wednesday. In a research note to clients published on Thursday, JPMorgan warned that the risk of the global economy falling into a recession has increased from […]
Catenaa, Wednesday, March 12, 2025– US President Donald Trump’s tariff and other policies have increased the probability of a US recession as the markets unwind on their higher growth expectation, Standard Chartered said. Kaushik Rudra, Global Head of Fixed Income Research and Head of Asia Research at Standard Chartered, said that although they expect a growth in […]
Catenaa, Monday, March 10, 2025- US President Donald Trump refused to rule out a recession from his planned tariffs as the US economy is in a period of transition. In an interview with Fox News on Sunday, the president said his plans for bigger “reciprocal” tariffs will go into effect on April 2. The White House had […]
London, UK, Monday, February 19, 2024 – The UK economy officially entered a technical recession in the final quarter of 2023, according to data released on February 15 by the Office for National Statistics (ONS). Gross domestic product (GDP) contracted by 0.3% following a 0.1% decline in the previous quarter, marking the first back-to-back decrease […]
Catenaa, Tuesday, February 25, 2025– US consumer confidence tumbled to 98.3 in February, the largest monthly decline since August 2021, the Conference Board said on Tuesday, signalling the risk of recession. The report stated US consumer confidence index sank this month to 98.3 from 105.3 in January, falling far below the expectations of 103 by economists. Consumer […]
Catenaa, Monday, May 12, 2025- JPMorgan Chase could become the first bank to reach a $1 trillion market capitalization within the next three years, Wells Fargo said on Sunday. Wells Fargo analyst Mike Mayo and colleagues wrote in a May 11 note that if the largest US bank maintains its lead in returns, efficiency and […]