Dimon says confluence of inflation, Ukraine war may ‘dramatically increase risks ahead’ for U.S.
Jamie Dimon's annual letter to JPMorgan shareholders, read widely in business circles, took a more downcast tone from his missive just last year.
81% of U.S. adults are worried about a recession hitting this year, survey finds
More than 80% of adults think the U.S. economy is likely to experience a recession in 2022, according to the CNBC + Acorns Invest in...
Home prices heated up to start the year, with huge surges in Arizona and Florida, says S&P Case-Shiller report
Home prices picked up steam again in January after a brief pullback, even as mortgage rates increased.
El-Erian warns of ‘cost-of-living crisis,’ says Fed rate hikes could cause recession
The Federal Reserve's efforts to fight inflation threaten to sink the U.S. into contraction, according to economist Mohamed El-Erian.
There are now a record 5 million more job openings than unemployed people in the U.S.
There were 11.27 million openings in the month, which left a record 5 million more openings than available workers.
Fed’s Patrick Harker says he thinks the U.S. can avoid a recession, even amid troubling signs
Philadelphia Federal Reserve President Patrick Harker said Tuesday that he doesn't think the U.S. is heading for recession.
Mortgage refinance demand plunges 60%, as rates hit their highest level since 2018
A sharp increase in mortgage rates causes a plunge in refinance demand.
The Fed’s preferred inflation gauge rose 5.4% in February, the highest since 1983
The personal consumption expenditures price index increased 5.4% from the same period in 2021, the biggest jump going back to April 1983.
Companies added 455,000 jobs in March, slightly more than expected, ADP says
Private payrolls expanded by 455,000 for the month, the firm said, about in line with the Dow Jones estimate of 450,000.