According to Jahnavi Prabhakar who authored the report, a lot is at stake for Federal Reserve now, as it considers the next rate action given the stubbornly high inflation, elevated wage growth, credit crunch scenario and uncertainty in global growth.
Minutes of the latest monetary policy meeting of the US Federal Reserve showed some of the participants noted that the probability of the economy entering a recession in 2023 remained elevated.
New Delhi [India], September 15 (ANI): The European gas crisis, high inflation and the pace of global monetary policy tightening are taking a heavy toll on economic prospects, rating agency Fitch Ratings' September 2022 Global Economic Outlook (GEO) said. European wholesale gas and electrici
New York [US], June 16 (ANI/Xinhua): Nearly seven out of 10 economists believe there will be a recession in the United States next year amid geopolitical tensions and soaring inflation, Newsweek on Tuesday cited a new poll.