economics

At Least 7 Major Economies Will Hit Recession in Next 12 Months, Nomura Says

Text size The Federal Reserve’s Jerome Powell will err on the side of more rate hikes for now, but will have to cut rates starting next year, Nomura says. Barron’s Advisor; Getty Images; Dreamtime Six major to falling will join the US in recession in the coming year, according to new research by Nomura . …

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Stop Using Defense Production Act, Antitrust to Fix Government-Created Economic Problems

Democrats in Washington have a problem, and not because polls indicate they’ll be swept from power in Congress this November. They acknowledge that rapidly rising inflation combined with a mangled supply chain keeps the economy listless. And yet, the only solutions they seem capable of coming up with are using the Defense Production Act and …

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Stocks Had a Nasty 6 Months. The Second Half Could Be Ugly Too.

Text size Bond markets are pricing in significant additional interest-rate hikes this year, but some stock analysts’ earnings forecasts remain optimism. Michael Nagle/Bloomberg It was a first half destined to haunt investors. The past six months were historically bad for stocks, bonds, cryptocurrencies, and practically every other asset class outside of commodities. Despite its late …

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Manufacturing Growth Slows. It Could Be a Warning Sign.

Text size The Institute for Supply Management’s manufacturing index dropped to 53.0, down from 56.1 in May. Suzanne Cordeiro/AFP via Getty Images If you’ve been combing economic data for clues about whether a recession is looming, a little-noticed manufacturing index offered another one on Friday. Growth in the manufacturing sector decelerated in June to its …

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