Morgan Stanley Says 27% Chance of a Recession, up From 5% in March
CIO Lisa Shalett said high inflation means the Fed has to move quicker to tame it. But there is concern the Fed could tip the economy into recession.
Source: businessinsider.com
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'Very Very High Risk' of Recession for the US, Former Goldman CEO Says
Blankfein, currently senior chairman at the Wall Street banking giant, praised the Federal Reserve and said it had the ability to avert a recession.
Source: businessinsider.com
Inflation Outlook: Prices Keep Rising and the Fed May Get Tougher
Some market watchers believe there's a case for the Fed to act even tougher on rates to cool down stubbornly high inflation.
Source: businessinsider.com
Stock Markets Today: Global Stocks up on Fed's Powell Comments
Federal Reserve chair Jerome Powell downplayed the chances of larger interest rate hikes ahead, giving equity investors some comfort.
Source: businessinsider.com
El-Erian Says Fed Must Be "Brutally Honest" and Open to Larger Hikes
Wednesday's consumer price index report did not show a much hoped-for cooling of inflation in April, putting pressure on the Fed.
Source: businessinsider.com