Page 11 - Recession Risks News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Now the u.s. economy and growing concerns that russia's war in ukraine could drive inflation even higher. remember, it's already at a 40-year high. moody's chief economist mark zandy told clients the fallout from the war has become meaningfully more problematic. mark zandy joins me now. you put the odds at a recession beginning in the next 12 months at a 1 in 3 chance. are the odds getting better or worse as you're looking out there, mark? >> well, kate, 1 in 3 is pretty high. comfortably high. as long as the russian aggression continues and the potential for higher prices remains and as long ...

Need to come back and the good ones remain. >> dana: they really give those students a leg up in life and we need them so we can stay competitive. thank you and happy easter to you. thank you for being here. >> blessed easter to you. thank you very much, dana. >> gillian: president biden's approval rating hit a new low as economists are warning as increasing recession risks. will it come to this? plus seattle residents are saying the rising rate of violent crime and crime among the city's booming homeless population is pushing them out of the city. our next guest is one of them. stick with us....

Lumber prices have been tracking lower, and the fundamental backdrop continues to worsen. Prices may see rebounds, but those are unlikely to last as the economic backdrop deteriorates amid rising r...

The energy is a huge business for them. 43% of russia's annual revenue came from oil and natural gas, and the u.s. is essentially trying to take away their best customer. >> so no residual impact here for the u.s. let me ask but this new sal sis from moody's. a grim outlook for the u.s. >> yeah. i talked to the chief economist and he said that he thinks recession risks are uncomfortably high and going higher. he thinks there's about a one in three chance of a recession in the united states. that's alarming, especially because this recovery is not even two years old. the big concern is inflatio...

Sudden? >> look, the economy is coming in full employment. inflation is very high, way too high. inflation expectations, what people think inflation will be in the future is way too high, and of course the federal reserve is trying to keep unemployment low and keep inflation down is working to raise interest rates very very aggressively, we're seeing interest rates jump: in this kind of an environment where recession risks become high, and often occur, so that's why recession risks are high. the yield curve is an indicator that comes out of financial markets that has in the past been very pres...