Timothy Sumer

Federal Reserve Chair Jerome Powell says the US central bank's staff economists are no longer forecasting a recession given recent resilience in the economic data. He speaks at a news conference following the decision by the Fed's policy-setting Federal Open Market Committee to raise its benchmark interest rate by 0.25%. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: Connect with us on... Twitter: Facebook: Instagram: ... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing Powell: Fed Staff No Longer Forecasting Recession In a recent statement, Jerome Powell, the chairman of the Federal Reserve, revealed that the Federal Reserve staff is longer forecasting a recession in the foreseeable future. This news comes as a welcome relief to financial markets and the general pub...

Katy Kaminski of Alpha Simplex sees equity markets disjointed from fixed income. Earl Davis of BMO Asset Management sees 2024 as a cyclical bull market. Holger Schmieding of Berenberg expects upside for Europe next year. Former FDIC Chair Sheila Bair says more banks are going to fail. Get the Bloomberg Surveillance newsletter, delivered every weekday. Sign up now: ( See omnystudio.com/listener ( for privacy information. Tom Keene, Jon Ferro, Lisa Abramowicz, and Paul Sweeney have the economy and the markets "under surveillance" as they cover the latest in finance, economics and investment, and talk with the leading voices shaping the conversation around world markets. Subscribe to Bloomberg Podcasts: Listen to more Bloomberg Surveillance: #Bloomberg #Podcast #Surveillance #News #Markets Visit us: Follow Bloomberg Podcasts on Twitter: Visit our other YouTube channels: Bloomberg Television: Bloomberg Originals: Quicktake: For coverage on news, mar...

Treasury Secretary Janet Yellen sees a lower risk for the US to fall into recession, suggesting that there may instead be a slowdown in consumer spending to finish the fight against inflation. Jill Disis reports on Bloomberg Television. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: Connect with us on... Twitter: Facebook: Instagram: ... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing Yellen Sees Diminishing Risk of a US Recession Janet Yellen, former Federal Reserve Chair, has expressed optimism about the US economy, saying that the risk of a recession is diminishing. Yellen's comments come at a time when the global economy has been hit hard by the coronavirus pandemic, raising concerns of a global recession. Yellen, who led the Federal Reserve from 2014 to 2018, has ...

Federal Reserve Chair Jerome Powell says there is a significant chance of a recession in the US but it is not the most likely case during a panel discussion at the ECB Forum on Central Banking in Sintra, Portugal. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: Connect with us on... Twitter: Facebook: Instagram: ... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing Federal Reserve Chairman Jerome Powell has recently stated that a recession is not the most likely scenario for the United States. Amidst growing concerns about an economic downturn, Powell's reassuring remarks have provided some relief to investors and business leaders. Addressing the financial markets in a carefully-worded statement, Powell acknowledged the risks associated with ongoing trade tensions, global ...

Citigroup Inc. Chief Executive Officer Jane Fraser says she expects a US recession at the back-end of the year, but she expects it to be manageable. She speaks to Bloomberg's Sonali Basak the Milken Institute Global Conference in Beverly Hills, California. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: Connect with us on... Twitter: Facebook: Instagram: ... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing Citigroup CEO Fraser Expects US Recession by End of Year Citigroup CEO Jane Fraser has raised concerns over the potential of a US recession by the end of this year. Fraser, who assumed the role as the first female CEO of a major Wall Street bank in March of this year, shared her views during an interview with CNN. Fraser expressed her belief that although the US econo...

Federal Reserve Bank of Richmond President Thomas Barkin discusses the path of monetary policy, the recent banking crisis and the state of the labor market with Mike McKee on "Bloomberg Markets." Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: Connect with us on... Twitter: Facebook: Instagram: ... ( read more ) LEARN ABOUT: Investing During Inflation REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Federal Reserve Bank of Richmond President Thomas Barkin recently made some insightful comments on inflation, banks, and rate policy, shedding light on the Federal Reserve's current stance amidst the changing economic landscape. Regarding inflation, Barkin acknowledged that the recent surge in prices has caught the attention of policymakers and raised concerns among the public. However, he e...

David Rosenberg, Rosenberg Research founder, says a US recession has been delayed, not derailed. He speaks on BNN Bloomberg on Aug. 17 about his outlook for the economy. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: Connect with us on... Twitter: Facebook: Instagram: ... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing Rosenberg: The Recession Has Been Delayed, Not Derailed The ongoing COVID-19 pandemic has undoubtedly shaken the global economy, leaving it in a state of uncertainty. As countries around the world grapple with the effects of lockdowns, travel restrictions, and shrinking markets, economists and financial experts have been carefully observing the situation. One prominent voice in this realm is David Rosenberg, the renowned economist known for his accurate predi...

Henry Kravis, KKR co-founder and co-executive chairman, says he expects inflation to stay sticky. He speaks about the US labor market as well with Jason Kelly at Bloomberg Invest New York 2023. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: Connect with us on... Twitter: Facebook: Instagram: ... ( read more ) LEARN ABOUT: Investing During Inflation REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Kravis, one of the leading economic research firms, recently released a report on inflation, predicting that it will remain persistent in the near term. In this article, we will discuss Kravis' insights and explore the factors contributing to the sticky inflation. For years, economists and policymakers have been keeping a close eye on inflation rates, particularly due to its impact on the economy and th...

"I think a soft landing is still possible -- if the Fed sees the light," Jeremy Siegel, University of Pennsylvania Wharton School professor emeritus, says during an interview on "Bloomberg Markets: The Close."... ( read more ) LEARN ABOUT: Investing During Inflation REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Inflation Down, Fed Will Pivot Soon: Wharton's Siegel Inflation, as measured by consumer prices, has been on a downward trajectory in recent months, indicating that price pressures on goods and services are easing. This development has led many economists to predict that the Federal Reserve will soon shift its focus from controlling inflation to stimulating economic growth. One prominent economist who shares this viewpoint is Jeremy Siegel, a finance professor at the Wharton School of the University of Pennsylvania. Siegel believe...

All three major Wall Street benchmarks finished lower in a broad sell-off after the downgrading of several lenders by credit rating agency Moody's reignited fears about the health of US banks and the economy. Read here: Keep up with the latest news from around the world: #News #Reuters #newsfeed #business #stocks #stockmarket #moodys #economy Subscribe: Reuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy and impartiality is unparalleled. Get the latest news on: Follow Reuters on Facebook: Follow Reuters on Twitter: Follow Reuters on Instagram: ... ( read more ) LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing US Stocks Fall After Downgrade of Bank Shares US stock markets experienced a significant decline today after major banks were downgraded by leading...

Oct.01 -- Peter Kraus, Aperture Investors Chairman & CEO and Nancy Davis, Quadratic Capital Founder and CIO discuss ways to protect your portfolio with David Westin on Bloomberg Wall Street Week.... ( read more ) HOW TO: Hedge Against Inflation REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing Investors Need to be On Guard for Inflation Inflation is a constant concern for investors as it erodes the purchasing power of their assets over time. As economies recover from the pandemic-induced slump, there are growing fears that inflation may rear its head once again. Investors need to be vigilant and guard against this potential threat to their portfolios. Inflation refers to the general increase in prices of goods and services in an economy over time. When inflation rises, the value of money decreases as it can buy fewer goods or services. This is particularly troubling f...

Simon Chamorro has a radical idea for cryptocurrency. His startup Valiu uses blockchain to offer digital exchange in the hopes of protecting fellow Venezuelans from hyperinflation. If the experiment succeeds, it could be a template for struggling economies everywhere. #Blockchain #Gamechangers #BloombergQuicktake -------- Like this video? Subscribe: Become a Quicktake Member for exclusive perks: Subscribe to Quicktake Explained: QuickTake Originals is Bloomberg's official premium video channel. We bring you insights and analysis from business, science, and technology experts who are shaping our future. We’re home to Hello World, Giant Leap, Storylines, and the series powering CityLab, Bloomberg Businessweek, Bloomberg Green, and much more. Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world. Visit our partner channel QuickTake News for...

Germany suffered its first recession since the start of pandemic, extinguishing hopes that Europe's top economy could escape such a fate after the war in Ukraine sent energy prices soaring. Oliver Crook reports on Bloomberg Television. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: Connect with us on... Twitter: Facebook: Instagram: ... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing Germany Latest: Economy Suffers First Recession Since Covid Pandemic Germany, Europe's largest economy, has officially entered a recession for the first time since the Covid-19 pandemic hit the global stage. The country's GDP (gross domestic product) contracted by 2.2% in the first quarter of 2021, following a 0.9% decline in the last quarter of 2020. The economic decline can be attribute...

Doubleline Capital's Jeffrey Gundlach expects a US recession will start in a few months, and that the Federal Reserve will need to respond "very dramatically." He made the comments in an interview on CNBC on Monday. Valerie Tytel reports on Bloomberg Television. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: Connect with us on... Twitter: Facebook: Instagram: ... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing Gundlach Warns Recession to Start in Few Months, Fed to Cut Rates Renowned investor Jeffrey Gundlach recently sounded the alarm, warning that a recession is imminent and could hit the global economy within the next few months. Gundlach, who is the CEO of DoubleLine Capital and known for his accurate predictions, cautioned investors to brace themselves for an ec...

Goldman Sachs Group Inc. Chief Operating Officer John Waldron says the US may avoid a recession that many economists have predicted. "This is the best predicted recession that hasn't happened yet and may not happen," he says at Bloomberg Invest New York 2023. Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: Connect with us on... Twitter: Facebook: Instagram: ... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing Goldman COO Waldron Says US Recession 'May Not Happen' The chief operating officer of Goldman Sachs, John Waldron, recently made a statement suggesting that a recession in the United States may not be inevitable. This remark comes as many economists and analysts express growing concerns over the possibility of an economic downturn in the near future. Wald...

"I'm not so sure that Wall Street has the patience to see that the recession is going to maybe unfold a little bit slower and longer than they think," Bianco Research founder and CEO Jim Bianco says during an interview with Jonathan Ferro on "Bloomberg The Open." Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: Connect with us on... Twitter: Facebook: Instagram: ... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing Recession May Not Start Until Mid-2024, Jim Bianco Says As the global economy continues to recover from the devastating impacts of the COVID-19 pandemic, economists and analysts are closely monitoring the possibility of an impending recession. However, according to Jim Bianco, a prominent financial expert, the world might not see another economic dow...

Mohamed El-Erian, chief economic adviser at Allianz and Bloomberg Opinion columnist, says a US economic downturn is a "possibility, but not a 100% probability" despite the Federal Reserve's efforts to meet its "arbitrary" 2% inflation target. "We can avert a recession. And the last few weeks of data suggest that we can still avert a recession," he says on "Blomberg The Open." Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: Connect with us on... Twitter: Facebook: Instagram: ... ( read more ) BREAKING: Recession News LEARN MORE ABOUT: Bank Failures REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing El-Erian Says Data Shows US Recession Can Still Be Averted Mohamed El-Erian, the widely respected economist and Chief Economic Advisor at Allianz, believes that the United States can still avoid a recession despite re...