Notable Weekly News


September 2023

09/29/2023

Stagflation is ‘the big bogeyman out there’ — and many increasingly fear its return

Oil prices surging to the brink of $100 a barrel and the specter of higher-for-longer inflation has reignited concern about stagflation risks.
09/29/2023

Billionaire Ray Dalio warns of impending debt crisis as government shutdown looms

Ray Dalio believes the US is going to have a debt crisis and is closely watching the “risky” fiscal situation, CNBC reported on Thursday, citing an interview with […]
09/29/2023

Fed’s Kashkari says there’s a 40% chance interest rates need to go ‘meaningfully higher’

Minneapolis Fed President Neel Kashkari wrote that he sees a 40% chance the Fed will need to raise interest rates “meaningfully higher” to achieve its target […]
09/29/2023

Moody’s warns government shutdown could hurt US credit rating

Moody’s is warning that a government shutdown could hurt the U.S.’ credit rating, raising the threat of a downgrade as lawmakers rush to avoid a disruption.
09/29/2023

Investors should shun stocks and bonds as U.S. economy shows shades of 2008, top JPMorgan strategist warns

A top JPMorgan Chase & Co. markets strategist is urging clients to shun both bonds and stocks in favor of cash after spotting shades of 2008 […]
09/29/2023

Dimon Warns 7% Fed Rate Still Possible, Times of India Says

(Bloomberg) — Markets may be predicting the end of the Federal Reserve’s tightening cycle, but Jamie Dimon is still telling clients to prepare for a worst-case […]
09/29/2023

A recession is coming and investors should be defensive, TCW CEO says

“We are going to have a recession, because that’s the way the world works,” TCW CEO Katie Koch said at CNBC’s “Delivering Alpha” conference.
09/29/2023

ANALYSIS | It’s going to be a rough winter for Canada’s economy | CBC News

Growth has already slowed considerably. Job growth has moderated. Inflation remains stubbornly high. But the pain households are feeling today is only going to get worse.
09/22/2023

Why can’t we shake the gloom? It’s more than inflation or higher prices.

What should be good news for people seems to be falling flat even relative to prior times with high inflation.
09/22/2023

‘An economic divide that is widening’: Almost a third of Americans earning $150,000 a year or more say they’re living paycheck to paycheck and many rely on credit cards to close the gap

Some say they won’t be able to pay off their credit cards by the end of the year.
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