The former Federal Reserve Bank of New York president William C. Dudley has warned the US could be heading toward a recession.
“He’s saying, every single time the US unemployment rate is risen by more than half a per cent, we’ve seen the US go into recession,” The Motley Fool Chief Investment Officer Scott Phillips told Sky News Australia.
“That’s a pretty stark one – now we should say the data is only 100 and something years old … but every time the unemployment rate has gone up that much, we have had trouble.”
He pointed out the current unemployment rate has risen by two-tenths of a per cent but is expected to rise a full 1.1 per cent on the Federal Reserve’s “own forecast”.
“On the flip side, US GDP is really strong and I got to say it’s probably the shining light globally at the moment at least for economic growth.”…(read more)
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The US Federal Reserve has recently issued a warning of a looming recession, causing concerns among investors and policymakers alike. The warning came in the form of a statement from the central bank, citing weakening economic indicators and the potential impact of ongoing trade tensions.
The Federal Reserve has been closely monitoring the state of the US economy, and its latest warning suggests that the current economic expansion may be reaching its limits. This is an important signal to the markets and could potentially lead to increased volatility and uncertainty in the coming months.
One of the key indicators that the Federal Reserve pointed to was the inversion of the yield curve, which has historically been a reliable predictor of economic downturns. The yield curve inversion occurs when short-term interest rates exceed long-term rates, signaling a lack of investor confidence in the long-term health of the economy.
In addition to the yield curve, the Federal Reserve also highlighted concerns about slowing global growth and ongoing trade tensions as potential triggers for a recession. The US-China trade war has had a significant impact on global trade and economic activity, and the uncertainty surrounding future trade agreements may continue to weigh on business investment and consumer confidence.
The warning from the Federal Reserve has sent shockwaves through financial markets, with stock prices dropping and bond yields falling in response. Investors are now bracing for the potential impact of a recession, and policymakers are facing increased pressure to take action to prevent a downturn.
It’s important to note that while the warning from the Federal Reserve is a cause for concern, it is not a definitive prediction of a recession. Economic indicators can be influenced by a variety of factors, and the central bank’s statement should be viewed as a signal to be vigilant and prepared for potential economic challenges.
In response to the warning, some analysts have called for the Federal Reserve to consider cutting interest rates to stimulate economic growth and prevent a recession. Lower interest rates can encourage borrowing and investment, which can help to boost economic activity and job creation.
Overall, the warning of a looming recession from the US Federal Reserve has raised alarm bells across the financial industry. It’s a stark reminder of the fragility of the current economic expansion, and it underscores the importance of proactive and cautious policymaking to ensure the continued health of the economy. As we move forward, it will be crucial for investors and policymakers to closely monitor economic developments and take appropriate action to mitigate the potential risks of a recession.
Economic need to stop chucking around the term “recession “ to measures that are not related to GDP. It instills fear in people unnecessarily
Thank goodness you brought this up! Truly, investing has changed my perspective on how one can succeed in life; working multiple jobs isn't the optimal way to attain financial freedom and unfortunately, we discover this later in life. Currently earn as much as 10 grand weekly and this has improved my financial life. Great piece!
Stop IMMIGRATION for few years let us recover FIRST
Absolutely recession Australia next to have in 2024
I will forever be indebted to you you've changed my whole life continue to preach about your name for the world to hear you've saved me from a huge financial debt with just little investment, thanks so much Mrs.Sarah Kyles.
Your either paying 5.5% right now or earning it . Good job if your earning it and your not a retiree.
What’s that smell?
Oh dear, UTRINQUE PARATUS this is fun eh?
Looming ! I think it's about time they admitted that they're in one. TRUMP 2024.
WTF the US has been in recession for 12 months except they changed the definition of what a recession was last year.
They are already in a damn recession, they just don't tell you the real figures! 🙁
Transitory still ?
(Daniel 9:27 was fulfilled on August 13 2023 also when the woman began travailing in birth to fulfill the time of the gentiles for the mystery of Revelation 12 to be completed, Daniel 12:1 next, three riders released within 2020 and 2023. These words are true and worthy, he who has ears to hear let him hear, blessed is he who understands.)
“And as he sat upon the mount of Olives, the disciples came unto him privately, saying, Tell us, when shall these things be? and what shall be the sign of thy coming, and of the end of the world?”
Gospel of Matthew, chapter 24, verse 3.
“And he said, Take heed that ye be not deceived: for many shall come in my name, saying, I am Christ; and the time draweth near: go ye not therefore after them. But when ye shall hear of wars and commotions, be not terrified: for these things must first come to pass; but the end is not by and by. Then said he unto them, Nation shall rise against nation, and kingdom against kingdom: and great earthquakes shall be in divers places, and famines, and pestilences; and fearful sights and great signs shall there be from heaven.”
Gospel of Luke, chapter 21, verse 8 to 11.
“All these are the beginning of sorrows. Then shall they deliver you up to be afflicted, and shall kill you: and ye shall be hated of all nations for my name's sake. And then shall many be offended, and shall betray one another, and shall hate one another.”
Gospel of Matthew, chapter 24, verse 8 to 10.
“And there shall be signs in the sun, and in the moon, and in the stars; and upon the earth distress of nations, with perplexity; the sea and the waves roaring; men's hearts failing them for fear, and for looking after those things which are coming on the earth: for the powers of heaven shall be shaken. And then shall they see the Son of man coming in a cloud with power and great glory. And when these things begin to come to pass, then look up, and lift up your heads; for your redemption draweth nigh.”
Gospel of Luke, chapter 21, verse 25 to 28.
“For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. For God sent not his Son into the world to condemn the world; but that the world through him might be saved. He that believeth on him is not condemned: but he that believeth not is condemned already, because he hath not believed in the name of the only begotten Son of God.”
Gospel of John, chapter 3, verse 16 to 18.
“For I delivered unto you first of all that which I also received, how that Christ died for our sins according to the scriptures; And that he was buried, and that he rose again the third day according to the scriptures: And that he was seen of Cephas, then of the twelve: After that, he was seen of above five hundred brethren at once; of whom the greater part remain unto this present, but some are fallen asleep.”
First Corinthians, chapter 15, verse 3 to 6.
“Repent therefore of this thy wickedness, and pray God, if perhaps the thought of thine heart may be forgiven thee.”
Acts, chapter 8, verse 22.
“Jesus answered and said unto him, Verily, verily, I say unto thee, Except a man be born again, he cannot see the kingdom of God.”
Gospel of John, chapter 3, verse 3.
“From that time Jesus began to preach, and to say, Repent: for the kingdom of heaven is at hand.”
Gospel of Matthew, chapter 4, verse 17.
“After two days will he revive us: in the third day he will raise us up, and we shall live in his sight.”
Hosea, chapter 6, verse 2.
“But, beloved, be not ignorant of this one thing, that one day is with the Lord as a thousand years, and a thousand years as one day.”
Second Peter, chapter 3, verse 8.
“knowing this first, that there shall come in the last days scoffers, walking after their own lusts, and saying, Where is the promise of his coming? for since the fathers fell asleep, all things continue as they were from the beginning of the creation.”
Second Peter, chapter 3, verse 3 to 4.
“For when they shall say, Peace and safety; then sudden destruction cometh upon them, as travail upon a woman with child; and they shall not escape.”
First Thessalonians chapter 5, verse 3.
“For the Lord himself shall descend from heaven with a shout, with the voice of the archangel, and with the trump of God: and the dead in Christ shall rise first: then we which are alive and remain shall be caught up together with them in the clouds, to meet the Lord in the air: and so shall we ever be with the Lord.”
First Thessalonians, chapter 4, verse 16 to 17.
“in a moment, in the twinkling of an eye, at the last trump: for the trumpet shall sound, and the dead shall be raised incorruptible, and we shall be changed.”
First Corinthians, chapter 15, verse 52.
“I tell you, in that night there shall be two men in one bed; the one shall be taken, and the other shall be left. Two women shall be grinding together; the one shall be taken, and the other left. Two men shall be in the field; the one shall be taken, and the other left.”
Gospel of Luke, chapter 17, verse 34 to 36.
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We already were in a recession. Remember, they tried changing the definition.
They ought to know they helped cause the recession.
I think we are in a great depression…history will tell.
Depression more like. They are systemically destroying our country
Of course there is too much immigration, you can't keep bringing in record numbers of people without having anywhere to put them. They need to immediately lower the immigration numbers and immediately open up more land for development, including new schools, parks and hospitals.
Bidenomics. Crash the economy for my Globalist pals.
Technically, we're already in a recession, so technically we're going over the cliff in a technical great depression.
Watch the Biden administration do 100 billion of foreign war aid about it
They’re trying to bring on a recession so they can dish out our stimulus money via CBDC.
The likelihood of a US recession falls daily, but the Murdochs propaganda machine keeps pushing out the Murdoch propaganda.
I live an a weathy area in the USA. I can tell you personally, people are struggling. Cost of food going up. Gas going up. Insurance going up. I went out Saturday night and hit a few popular brew pubs and nobody was out. Places were dead. The first thing to go in a recession is going to be $6.00 beers.
The MURDOCH MEDIA has been pushing the RECESSION BLUES NARRATIVE year after year
Be aFRAID BE VERY aFRAID….. SHEEP
Another Joe Biden accomplishment Americans are broke !
A depression is coming, not a recession
Higher inflation will lead to higher interest rates too; the thing Labor govts specialise in!