Christina Locopo | CNBCFor economists, harbingers of a recession can include a slowdown in consumer spending and rising unemployment.For the chronically online, indicators can range from the perceived fall of fake eyelashes to more commercials for online colleges. Or, maybe, it's a skin care company selling eggs.And for Sydney Brams,...
Category: Economy
Former Treasury Secretary Janet Yellen to join global advisory board for bond giant Pimco
Treasury Secretary Janet Yellen speaking with CNBC's Sara Eisen (not shown) at the U.S Treasury Department on Jan. 8, 2024.CNBCFormer Treasury Secretary Janet Yellen will be joining an advisory board for bond giant Pimco, CNBC has learned.Joining other prominent officials in the world of economics and finance, Yellen, who also...
The probability of a recession is approaching 50%, Deutsche markets survey finds
U.S. dollar banknotes and a label with the word "Recession" are seen in this illustration taken March 19, 2025.Dado Ruvic | ReutersChances that the U.S. is heading for a recession are close to 50-50, according to a Deutsche Bank survey that raises more questions about the direction of the U.S....
U.S. households are running out of emergency funds as pandemic cash runs out, inflation takes its toll
Vithun Khamsong | Moment | Getty ImagesIt is becoming harder for Americans to raise funds in case of an emergency, according to a recent survey from the New York Federal Reserve.The bank's Survey of Consumer Expectations for February found that the average likelihood of Americans being able to come up...
Chicago Fed President Goolsbee sees rate cuts depending on inflation progress
Chicago Federal Reserve President Austan Goolsbee said Friday he still sees interest rate cuts in the cards though risks are rising to that outlook.Speaking two days after he and his colleagues again voted to keep short-term rates steady, Goolsbee told CNBC that he's been hearing more concerns from businesses in...