With prices skirting a 17-month low, Dr Copper’s prognosis about the global economy is downbeat

With prices skirting a 17-month low, Dr Copper’s prognosis about the global economy is downbeat

Dr Copper has graded the global economy, and noted: “must do better.” The red metal is wryly considered by commodity watchers to hold a Ph.D in economics, because its use in a range of sectors, including home appliances, power generation and cars, helps it predict the trajectory of global growth. So, copper’s price initial drop … Read more

Opinion: The Federal Reserve can’t even get the direction of the economy right

Opinion: The Federal Reserve can’t even get the direction of the economy right

A year ago, the Federal Reserve turned a blind eye to the gathering storm of inflation. Now the Fed is missing another big problem: A rapidly slowing economy. In an effort to appear strong on inflation, the central bank can’t recognize that the economy is already downshifting to a slower growth rate. If it doesn’t … Read more

Recession fears are slamming the stock market. This GDP tracker explains why.

Recession fears are slamming the stock market.  This GDP tracker explains why.

Fears of a sharp slowdown are getting the blame for the stock market’s renewed slide while also driving a retreat in Treasury yields. A look at a regional Fed bank’s closely followed economic-growth indicator may justify investor jitters, said a top Wall Street researcher. The Federal Reserve Bank of Atlanta’s GDPNow model on Friday forecast … Read more

Stock Futures Suggest More Losses as Markets Wrap Worst First Half Since 1970

Stock Futures Suggest More Losses as Markets Wrap Worst First Half Since 1970

Text size As they begin July, traders are still stuck in a bear market. NYSE After a bruising first half for investors, the start of July isn’t promising any big breaks. US stock futures were down in after-hours trading after the major indexes closed lower on Thursday, capping the S&P 500’s worst first half in … Read more

Opinion: Why are Americans so grumpy about the economy? They’ve never lost so much purchasing power in one year, as the stimulus dries up and inflation boils over

Opinion: Why are Americans so grumpy about the economy?  They’ve never lost so much purchasing power in one year, as the stimulus dries up and inflation boils over

If you want to know why Americans are so grumpy about the economy, let’s start with the fact that despite strong job growth and sizable increases in wages, their incomes are simply not keeping up with inflation. Americans just don’t feel poorer—they are poorer. In fact, they have never lost so much purchasing power in … Read more

UK economy teetering on the edge of recession, says Goldman Sachs

UK economy teetering on the edge of recession, says Goldman Sachs

The UK is teetering on the edge of recession, say economists at Goldman Sachs, as inflation-battered Britons curtail spending and the Bank of England raises interest rates. The bank’s economists Steffan Ball and Ibrahim Quadri forecast a 0.7% contraction for the second quarter and a 0.1% increase for the third quarter. (GDP data in the … Read more

S&P 500 falls for 3rd straight day after Powell says no guarantee of soft landing for US economy, JP Morgan warns of recession risk

S&P 500 falls for 3rd straight day after Powell says no guarantee of soft landing for US economy, JP Morgan warns of recession risk

US stock indexes end mixed Wednesday, as investors focused on remarks by central bankers and from corporate executives, while fretting that soaring inflation is damaging the world’s biggest economy. How did stock indexes do? The Dow Jones Industrial Average DJIA rose 82 points, or 0.3%, to end at 31,029.31. The S&P 500 SPX edged down … Read more

Financial markets seen unprepared for risk that inflation resists Fed rate hikes in second half of 2022

Financial markets seen unprepared for risk that inflation resists Fed rate hikes in second half of 2022

Investors and traders attempting to navigate one of the most treacherous periods in financial markets in years are all but sure to face more volatility during the second half of this year. One major reason is that few seem to be prepared for the risk that US inflation, already at an almost 41-year high of … Read more

China’s Economic Recovery Is Limping Along

China’s Economic Recovery Is Limping Along

China’s economic performance isn’t looking strong, according to Beige Book. Hector Retamal/AFP/Getty Images Text size China’s economic performance in the second quarter isn’t looking strong, according to a strategist’s new report. Results for the three months ending this week will be officially released in July, but an early number-crunching assessment by China Beige Book argues … Read more

China’s Economic Recovery Looks Worse Than Expected, This Strategist Says.

China’s Economic Recovery Is Limping Along

Text size China’s economic performance isn’t looking strong, according to Beige Book. Hector Retamal/AFP/Getty Images China’s economic performance in the second quarter isn’t looking strong, according to a strategist’s new report. Results for the three months ending this week will be officially released in July, but an early number-crunching assessment by China Beige Book argues … Read more