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US Economy and Markets

Nobel economist Paul Krugman says minting a $1 trillion coin to prevent a debt ceiling crisis wouldn't be inflationary

Wed, 05/03/2023 - 13:39

Tech Insider : Economy

paul krugman — Franck Robichon/Reuters

Markets, MI Exclusive, Paul Krugman, Debt ceiling 2023, US debt ceiling, Debt Deal, Trillion Dollar Coin

Here's what Jerome Powell's critics and defenders have been saying as the Fed gets ready to possibly raise rates for the last time in the current cycle

Sun, 04/30/2023 - 08:30

Tech Insider

Jerome Powell — Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on his nomination to become chairman of the U.S. Federal Reserve in Washington, U.S., November 28, 2017.
Joshua Roberts/Reuters

Markets, MI Exclusive, Jerome Powell, Fed, Inflation, Recession, recession 2023

A notorious recession indicator says that an economic downturn will begin this quarter, Bank of America says

Fri, 04/28/2023 - 10:57

Tech Insider

trader worried — Don Emmert /AFP/GettyImages

Markets, MI Exclusive, Recession, Recession indicator, inverted yield curve, US Economy and Markets, recession outlook 2023

The US economy is slowing down. Just look at the freight recession that's sent diesel prices tumbling.

Wed, 04/26/2023 - 10:45

Tech Insider

truck driver uber freight — Courtesy of Uber Freight
Truck drivers move 70% of America's goods by weight.

Markets, MI Exclusive, Truck, freight, Recession, downturn, economic outlook

A US debt default could spark mass unemployment, payment failures, and catastrophe that would raise interest rates 'into perpetuity,' Treasury Secretary Janet Yellen warns

Tue, 04/25/2023 - 13:41

Tech Insider

Treasury Sec. Janet Yellen — U.S. Treasury Secretary Janet Yellen speaks during a news conference at the IMF and World Bank Annual Meetings at IMF headquarters, October 14, 2022 in Washington, DC.
Drew Angerer/Getty Images

Markets, MI Exclusive, US debt ceiling, US debt limit, debt default, Debt Deal, Default Risk

Up to 40% of the US economy is set to be squeezed by tighter financial conditions as credit crunch worsens, strategist says

Thu, 04/20/2023 - 11:40

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Th

sad NYSE trader — REUTERS/Brendan McDermid

Markets, MI Exclusive, Credit Crunch, bank crisis, US Economy and Markets, Recession, Interest Rates

Elon Musk predicts a year of 'stormy weather' for the US economy - and warns Tesla faces a raft of headwinds

Thu, 04/20/2023 - 06:59

Tech Insider

Elon Musk attends The 2022 Met Gala Celebrating — Elon Musk.
Theo Wargo/WireImage

Markets, MI Exclusive, Stocks, Elon Musk, tesla, Electric Vehicles, Autos

The US economy is barreling toward a 'student loan cliff' as borrowers may soon owe $18 billion in monthly repayments, Jefferies analyst says

Thu, 04/20/2023 - 06:45

Tech Insider

student loans — The US economy is barreling toward a 'student loan cliff' as borrowers may soon owe $18 billion in monthly repayments.
Eric Raptosh Photography/Getty Images

Markets, MI Exclusive, US Economy and Markets, Student Loans, U.S. economy, Joe Biden, student loan forgiveness

Wall Street's recession forecasts for 2023 are wrong and the economy is poised to keep growing, Fed President James Bullard says

Tue, 04/18/2023 - 11:11

Tech Insider

james bullard — REUTERS/Brian Snyder

Markets, MI Exclusive, Recession, recession 2023, recession outlook, Fed, fed inflation

Nobel economist Paul Krugman says there's no real risk to the dollar - unless the US defaults on its debt

Mon, 04/17/2023 - 10:34

Tech Insider

Paul Krugman — Princeton economics and international affairs professor Paul Krugman listens during his introduction as the 2008 Nobel prize winner in economics at a new conference on the campus of Princeton University in Princeton, New Jersey.
Reuters/Tim Shaffer

Markets, MI Exclusive, Paul Krugman, Dollar dominance, US Dollar, Yuan, China

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