MarketWatch weekly recession gauge rises in troubling fashion
Fears of a U.S. recession fears rose in a big way this week, in part because of how resilient the economy seems at the moment.
Welcome to the counterintuitive world of worrying about a recession. Here’s the concern in a nutshell. With the job market strong and “workmanlike” growth in consumer spending seemingly impervious to Federal Reserve interest rate hikes so far, some economists think that the Fed will have to raise rates much higher – and ultimately create the conditions for a much harder landing for the economy.Steve Blitz, chief U.S.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
I-95 reopening: NE Philly drivers express concern over speed of reopeningAfter a crash that collapsed a portion of I-95 in Northeast Philly, the reconstructed highway is set to reopen temporary lanes Friday.
Read more »
Titan’s experimental design drew concern even before its doomed diveThis week, and for years, experts have voiced concern about the design and upkeep of OceanGate's Titan submersible. Now, five people aboard vessel have died.
Read more »
Build begins on Wyoming-to-California power line amid growing wind power concernWyoming and federal officials formally kicked off construction Tuesday of a massive transmission line project to export wind power from Wyoming to southern California.
Read more »
Pot producer Canopy raises going concern doubts, shares tumbleShares of Canada's Canopy Growth fell 6.5% on Friday after the pot producer posted a wider quarterly loss over the previous year and raised doubts about the company's ability to continue as a going concern.
Read more »
Biden proposal limiting boat speeds to protect right whales triggers concernThe Biden administration's proposed rule under NOAA, limiting boat speeds to protect an endangered whale species, raises concerns among East Coast business owners.
Read more »
Despite drought, mosquitoes are still a concern this summerWhile the drought has delayed the start of mosquito season in the suburbs, experts warn residents not to let their guard down.
Read more »