Larry Summers says increases in the Fed's preferred inflation gauge are `very troubling' as he warns of a likely recession

Tech Insider : Economy
Larry Summers
Lawrence Summers, then Director of President Barack Obama's National Economic Council, participates in a question-and-answer session during a luncheon with the Economic Club of Washington at the J.W. Marriott April 9, 2009 in Washington, DC.

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The stock market and the economy are stuck on different pages - but the Fed's going to get the last word

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Welcome back, Opening Bell crew. I'm Phil Rosen, reporting from New York City. 

This morning I'm thinking about Joseph Heller's 1961 book "Catch-22." Since it came out, the name's become a colloquial way of describing a snafu defined by conflicting ideas. 

Heller coined the term in describing a soldier who wishes to stop flying dangerous combat missions. 

But soldiers can only be grounded if they are found "unfit to fly." 

Why the resilient US economy is making it difficult for stock investors to thrive

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The stock market and economy are stuck in a Catch-22.

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Soft, hard, or no landing at all: Here's what 5 Wall Street experts are saying about the fate of the US economy in 2023

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Nobel laureate Paul Krugman sees only a 25% chance of a US recession

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Paul Krugman.

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The US economy may be inching closer to the cliff edge given these 4 troubling signs, Larry Summers says

Tech Insider : Economy
larry summers
Former Harvard University President Lawrence H. Summers attends a session at the World Economic Forum (WEF) in Davos January 26, 2008.

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Elon Musk weighs in on the Fed's monetary policy again: 'A bad Fed decision affects the lives of everyone'

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Elon Musk
Elon Musk has spoken up about the Fed again.

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Recession will grip the US economy within months - and Wall Street is lying about a 'no landing' scenario, top economist David Rosenberg says

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David Rosenberg.

Rosenberg Research & Associates

Janet Yellen now sees a chance the US economy will avoid a recession as inflation is coming down

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Janet Yellen, vice chair of the Board of Governors of the U.S. Federal Reserve System

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Fed economists say the central bank will have to cause serious pain to Americans and the economy if it sticks to its current path

Tech Insider

Hello! I'm Phil Rosen, reporting from New York City. 

Expect to see the market move today in response to the Fed's preferred inflation gauge, Personal Consumption Expenditures, which will be released at 8:30am. 

Economists surveyed by Bloomberg expect to see a rise of 0.5% in January from the prior month, which would be the biggest leap since the middle of last year.

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