Financial market investors are concerned that the US is on the brink of economic downturn as central bankers in Jackson Hole reaffirmed their intention to raise interest rates to control inflation. Steve Hanke, professor of applied economics at Johns Hopkins University, said he thinks the US is heading for a “massive” recession next year, but …
Financial market investors are concerned that the US is on the brink of economic downturn as central bankers in Jackson Hole reaffirmed their intention to raise interest rates to control inflation. Steve Hanke, a professor of applied economics at Johns Hopkins University, said he believes the US is headed into a “massive” recession next year, …
Still reeling from Fed Chair Jerome Powell’s longer-term higher comments last week, it appears that riskier assets like stocks are poised for another blow, on Monday. “The stock market can’t collapse more than 5% based on one man’s words,” grumbled Chris Robke, chief economist at FWDBONDS, who sees a major credibility problem for the central …