CNBC’s Steve Liesman and Stephen Stanley, chief US economist at Santander, join ‘Power Lunch’ to discuss their takeaways from the Fed minutes. For access to live and exclusive video from CNBC subscribe to CNBC PRO:
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BREAKING: Recession News
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Santander’s chief economist Stephen Stanley has recently made headlines with his prediction that a recession is likely to occur in 2024. This forecast has sparked a lot of discussion and concern among economists and the general public. So, what exactly does this prediction mean, and what are the potential implications for the economy?
According to Stanley, several factors are contributing to his belief that a recession may be on the horizon. One of the main reasons is the expected tightening of monetary policy by the Federal Reserve. As the economy continues to recover from the impact of the COVID-19 pandemic, the Fed is likely to raise interest rates to curb potential inflation. This could lead to a slowdown in economic growth and potentially trigger a recession.
Additionally, Stanley pointed to the potential for fiscal policy to shift away from the stimulus measures that have been in place to support the economy. As government spending decreases and stimulus measures expire, there is a risk that this could also contribute to a slowdown in economic activity.
It’s important to note that economic forecasts are not set in stone, and there are always variables and uncertainties that can influence the trajectory of the economy. However, Stanley’s prediction has raised concerns about the potential impact of a recession on businesses and individuals.
A recession could lead to higher unemployment rates, reduced consumer spending, and increased financial strain on businesses. This, in turn, could lead to a decrease in investment and overall economic activity. These effects could be particularly challenging for individuals and families who are already facing financial hardships due to the pandemic.
In response to these concerns, it’s important for individuals and businesses to consider potential strategies for navigating a potential recession. This may include building up emergency savings, diversifying investments, and seeking out new opportunities for growth and stability.
At the same time, policymakers and government leaders will need to carefully consider their approach to economic policy in the coming years. Balancing the need to control inflation with the need to support economic growth will be a delicate task, and the decisions made in this context could have far-reaching implications for the economy.
While it’s impossible to predict the future with certainty, it’s clear that Stanley’s forecast has brought attention to potential challenges on the economic horizon. By staying informed and proactive, individuals and businesses can better position themselves to weather potential economic turbulence and work towards a more stable and prosperous future.
Less Taxation on the American People would stimulate the economy !!!
Less Taxes would equal more money in the American People's pockets in my opinion they would inject that extra money back into the economy
BUT we already know the Government won't cut Taxes they'd prefer to keep they're boots on our necks
IF . All Trumpers want a Recession.
Every GOP President since Hoover has had a Recession ALL of THEM different weak excuse each time but ALWAYS a RECESSION ALWAYS.
It's joever. #TRUMP2024
They need a kick-in-the-ass!
Fed Reserve causes recession again. Either complete idiots or doing it on purpose; what's more likely?
Lol
If we have a recession in 2024. The election will definitely be handed over to the republican party.
MEANS LIBERAL DOGS GOD FATHER JOE BIDEN CAN'T SAVE THE WORLD ECONOMY.
lol well we dont need some wall street expert to know that if there is a recession, it is likely in 2024. zzzzzzzzz
everything popped in april 2022
Oh no! Strong GDP and wage growth! We can't have that, let's crash the economy!
@2:01 "… consumer is very strong.."
— The GOP needs a recession, as they have no policies or programs for regular ppl
What will they do if the economy continues to have great job numbers ?
Expect all the numbers to be fudged in Biden's favor and the recession actually be reported in 2025 after the carcass of Biden is placed in the white house again.
We need rate cuts
Ah yes let's move the goal post every quarter. You'll be right eventually!
Remember when they changed the term of recession?
hahahahahahahahahahahahahahahahaha they said this in 2022 that it would happen in 2023
Student loans tops 1 trillion. Credit card debt tops 1 trillion. Car debt at all-time high. Consumer debt at all-time high. Consumer spending continues to dwindle. Record low for houses on market because nobody can afford to move. People having to pick up second jobs to survive, which government spins and brags about job creation. We have been in a recession and will continue to spiral down. The more you insult people and pretend like it's all good, the more you will obliterate your audience. They are going to get Biden and Trump out of the way, and Newsome and Mrs. Obama will be your next administration.
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