“Very easily there’s a scenario where we potentially get to 6%” Fed funds rate, Brean Capital Chief Economic Adviser John Ryding says during an interview with Kriti Gupta and Jon Erlichman on Bloomberg Television.
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BREAKING: Recession News
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Brean’s Ryding, the chief economist at Brean Capital, has warned that the US economy could be headed towards a recession. This comes following the recent stock market turmoil which saw the Dow Jones Industrial Average plummet by over 1,000 points in a matter of days.
Ryding has cited several factors that could contribute to the economic downturn, including the ongoing trade war with China and the increasing levels of corporate debt. In addition, he has expressed concerns about the impact of rising interest rates and inflation, which could lead to a decrease in consumer spending and an overall slowdown in economic activity.
These concerns are not unfounded. The trade war with China has already led to increased tariffs on goods and services, which in turn could lead to higher prices for consumers and decreased demand for certain products. Additionally, corporate debt has reached record levels, with many companies taking out loans to finance share buybacks and dividends, which could leave them vulnerable to market volatility and economic downturns.
The Federal Reserve’s recent decision to raise interest rates has also raised concerns, with some experts voicing concerns that this could lead to increased borrowing costs for consumers and businesses alike, leading to decreased investment and overall economic activity.
Despite these warning signs, there are also reasons to remain optimistic about the economy’s future. Recent job growth numbers have been strong, with the unemployment rate at its lowest level in decades. Additionally, the recent tax cuts and deregulation measures implemented by the Trump administration have been credited with driving economic growth in recent years.
Ultimately, whether or not the US economy is headed towards a recession remains to be seen. However, the warning signs are there, and it is important for leaders in government and business to take steps to address these concerns and ensure that the economy remains healthy and strong in the years to come.
More like crash and burn…
IT'S BEEN SO ROUGH FOR ME TRADING ON MY OWN BECAUSE I HAVE HAD MUCH LOSSES. THINK THE REAL MARKET IS MANIPULATED. PLEASE, CAN ANYONE HELP ME OUT OR TELL ME WHAT I'M DOING WRONG.
The US plunge protection team is sure working overtime today.
They’ve been saying this for a long time. Seems likes they’re trying to push us into it through speculation. Idk tho
I think it will be worst. We will be headed to a major depression, not a recession.
Buy Now Pay Later companies making billions … the recession is happening now.
US is already in a recession no! The second quarter GDP is down = recession
“Headed”
Many are retired and living on fixed incomes. Many getting out of the rat race too. Many gypsies.
Too many potentiallies
He is contradicting himself
Nearly everybody is saying the fed is gone move 25BP in each of the next two FOMC.
This dude says the gone pause he is so wrong.
Inverted yield curve doesn't mean a recession all the time if happend twice that the inversion wasn't followed closely by an recession.
Let’s keep sending money to Ukraine
Whatever that can lead to conversion of money that can be used to chase goods and services, like bitcoin, stocks, real estate, Debt forgiveness, welfare spending, will be inflationary. This isn't decades of the past. Oh and government spending. That chases goods and services.
As more people participate in the stock market, more inflationary wealth effect becomes.