With latest rate hike, US Fed signals willingness to accept recession to crush inflation

HOUSTON – Federal Reserve officials gave their clearest signal yet that they’re willing to tolerate a recession as the necessary trade-off for regaining control of inflation. Policy makers, criticised for being too late to realize the scale of the US inflation problem, are moving aggressively to catch up. They raised interest rates by 75 basis […]

Many major economies to enter recession in next 12 months: Nomura

TOKYO (BLOOMBERG) – Many major economies will enter “multiple recessions” over the next 12 months amid tightening government policies and rising living costs, pushing the global economy into a synchronised growth slowdown, according to Nomura Holdings. The brokerage expects the euro zone, Britain, Japan, South Korea, Australia and Canada to fall into recession along with the […]

US Fed chief Powell warns US recession ‘certainly a possibility’

WASHINGTON (BLOOMBERG) – Federal Reserve chair Jerome Powell gave his most explicit acknowledgement to date that steep interest rate hikes could tip the United States economy into recession, saying one is possible and calling a soft landing “very challenging”, “The other risk, though, is that we would not manage to restore price stability and that […]