What US still needs to be wary of even as economic risks from internal factors recede

What US still needs to be wary of even as economic risks from internal factors recede

Just a quarter of business economists and analysts expect the United States to fall into recession this year. And any downturn would likely result from an external shock – such as a conflict involving China – rather than from domestic economic factors such as higher interest rates. But respondents to a National Association of Business … Read more

US revises down last quarter’s economic growth to 2.6% rate

US revises down last quarter’s economic growth to 2.6% rate

The U.S. economy maintained its resilience from October through December despite rising interest rates, growing at a 2.6% annual pace, the government said Thursday in a slight downgrade from its previous estimate. But consumer spending, which drives most of the economy’s growth, was revised sharply down. The government had previously estimated that the economy expanded … Read more

IT sector: Is it out of the doldrums?

IT sector: Is it out of the doldrums?

It was feared that the economic slowdown in Europe and the US would affect the IT sector, but that has not happened. Contrarily, the majority of businesses have reported strong growth, even in Europe. While the situation is volatile, companies are confident of navigating the same successfully. Source link

US enters ‘technical recession’. But why is Dalal Street rallying?

US enters ‘technical recession’. But why is Dalal Street rallying?

The US economy entering a ‘technical recession’ is not good news for India and the world. But analysts said one should not see too much into the GDP print, as other data points in the world’s largest consumer economy still suggest resilience. If anything, the GDP print could persuade the Fed to go slow on … Read more

Powell seen slowing Fed hikes after 75 basis points next week

Powell seen slowing Fed hikes after 75 basis points next week

Federal Reserve Chair Jerome Powell is likely to slow the pace of interest-rate increases after front-loading policy with a second straight 75 basis-point hike next week, economists surveyed by Bloomberg said. They expect the Federal Open Market Committee to lift rates by a half percentage point in September, then shift to quarter-point hikes at the … Read more

Indian bonds will suffer most in Asia in a US recession scenario

Indian bonds will suffer most in Asia in a US recession scenario

US recession risks are reverberating across the emerging Asian debt complex and nowhere is this more apparent than in Indian sovereign bonds. Rupee debt has proven to be the most sensitive to an inversion of the US curve in the past and this time is unlikely to be different, according to a Bloomberg study which … Read more

US recession not expected but Europe ‘more vulnerable’: Janet Yellen

US recession not expected but Europe ‘more vulnerable’: Janet Yellen

The United States is unlikely to fall into a recession as interest rates rise quickly to fight inflation, the US treasury secretary said Wednesday, but warned against the economic risks for Europe from the war in Ukraine. “I really don’t expect the United States to fall into a recession,” Janet Yellen said at a press … Read more