Stock Market News Today: Fed Forecast Suggests Recession Is Already Here
The Federal Reserve Bank of Atlanta lowered its GDPNow forecast for second-quarter GDP growth to negative 1% on Thursday.
Source: businessinsider.com
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Stock Market News Today: Bond Yields Fall As Recession Fears Increase
Bad news like an economic growth slowdown could be good news for the stock market in the short-term, as slower growth likely means tamed inflation.
Source: businessinsider.com
Stock Market News Today: China Softens COVID-19 Travel Restrictions
"The COVID crisis appears to be rapidly retreating in China, with no major cities in widespread lockdown and a rapid drop in cases being reported."
Source: businessinsider.com
Stock Market News Today: Bear Market Rally Fizzles Out With Tech Drop
The decline came on a day when interest rates were rather stable and investors continued to guess if an economic recession is imminent.
Source: businessinsider.com
Stock Market News Today: Investors Await Day 2 of Fed Powell Testimony
"Worries about recession and its potential negative impact on demand [are ripping] through cyclical commodities like oil," Saxo Bank strategists said.
Source: businessinsider.com