US Economy

US, UK, Europe, Japan will be in recession over next 12 months: Nomura

Thomas Calomiris, a third generation producing vendor, weighs an onion at Eastern Market as the US struggles with rising inflation May 20, 2022, in Washington, DC. Brendan Smialowski | AFP | Getty Images Many of the world’s leading outbreak will fall into a recession within the next 12 months as central banks move to aggressively …

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There’s a massive pile-up of car, furniture exports bound for US

Labor slowdowns and strikes at the German and Netherland ports are creating a massive pile-up of export containers bound for the US that will take months to clear out. According to the bills of lading found through ImportGenius, some of the items that are exported out of these ports are critical components to the auto …

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Fed could cut interest rates in 2023, analysts say, after rate hikes this year

Some central bank watchers believe the Fed and the ECB will have to stop their tightening cycles because of an upcoming recession. Olivier Douliery | AFP | Getty Images Central banks around the world might have embarked upon a path of aggressive rate hikes — but not everyone is expecting this approach to last. The …

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