• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Thursday, July 10, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home News

US Federal Reserve staff warns of recession in United States

by Thomas Babychan
November 25, 2022
in News
Reading Time: 2 mins read
0
The Cato Institute, a libertarian think tank based in Washington, D.C., has released a report warning that central bank digital currencies (CBDCs) CBDCs threaten America's freedom
TwitterWhatsappLinkedin

Amidst a slowing economy and the possibility of additional interest rate hikes, economists at the Federal Reserve of the United States have informed policymakers that the chances of the USA entering recession by next year have risen to 50 percent. The details about warnings by economists were accessed from the latest meeting minutes of the Federal Open Market Committee.

You might also like

Trump Unleashes New Tariffs, Sri Lanka Among Seven Nations Facing 30% US Duties

Starlink Clears Final Regulatory Hurdle, Poised for Launch in India

Nvidia Shatters Records with $4 Trillion Market Value Amidst AI Supremacy

The last meeting of the Federal Open Market Committee was on November 1st and 2nd where it was decided to increase the key interest rates by 75 basis points.

“Sluggish growth in real private domestic spending, a deteriorating global outlook, and tightening financial conditions were all seen as salient downside risks to the projection for real activity; in addition, the possibility that a persistent reduction in inflation could require a greater-than-assumed amount of tightening in financial conditions was seen as another downside risk,” the minutes said.

The majority of the staff working with the Federal Board of Governors are highly acclaimed economists who have a significant influence on the decision-making bodies. Policymakers at the Federal Reserve of the United States look into the briefings and forecasts prepared by these economists before taking key policy decisions related to the macroeconomic condition.

It is also important to note that, this is the first time in March 2022, staff at Federal Reserve have warned policymakers regarding a possible recession in the economy of the United States of America. Federal Reserve which is the central bank of the United States has been following an aggressive interest rate hike policy for the last few months to bring down high inflation in the economy.

The energy crisis triggered by the Russian special military operation in Ukraine had pushed up prices of essential commodities in the market. Heightened fuel prices and skyrocketing prices for essential commodities pushed inflation in the United States to a 40-year-high level. Foreseeing high inflation rates, US Federal Reserve had begun increasing interest rates in March 2022. US Fed has now hiked the key interest rate by 75 basis points for the fourth time in a row this year.

A survey of economists conducted by Bloomberg News stated that there is a 65 percent chance for the US economy to fall into recession by next year. An analysis by Bloomberg News states that US Economy will surely fall into a recession in the next fiscal year.

As the latest inflation and job data are showing signs of easing inflation in the economy, market, and analyst expects US Feds to slow down its aggressive rate hike policy. US Federal Reserve Chairman, Jerome Powell said a few days ago that no one knew whether a recession will happen or not.

Tags: #Federal Reserve#Jerome PowellUS Federal Reserve
Tweet54SendShare15
Previous Post

Twitter closes its whole operation in Brussels due to regulatory changes

Next Post

Ford is recalling over 6 lakh SUVs worldwide over fire risks from possible fuel injectors

Thomas Babychan

Thomas Babychan is an experienced business and economic journalist with a focus on international trade, stock market, banking, and multilateral organizations. He also has expertise in international relations and diplomacy.

Recommended For You

Trump Unleashes New Tariffs, Sri Lanka Among Seven Nations Facing 30% US Duties

by Anochie Esther
July 10, 2025
0
NRIs

US President Donald Trump on Wednesday, July 9, 2025, announced a fresh wave of tariff demand letters, signaling a renewed and assertive push in his administration's trade policy....

Read more

Starlink Clears Final Regulatory Hurdle, Poised for Launch in India

by Anochie Esther
July 10, 2025
0
Starlink

After years of anticipation and navigating a complex regulatory landscape, Elon Musk's satellite internet venture, Starlink, has finally received the definitive green light to launch commercial operations in...

Read more

Nvidia Shatters Records with $4 Trillion Market Value Amidst AI Supremacy

by Anochie Esther
July 10, 2025
0
Nvidia

Nvidia, the undisputed leader in graphics processing units (GPUs) and a pivotal force in the artificial intelligence (AI) revolution, achieved a historic milestone on Wednesday, July 9, 2025....

Read more
Next Post
Ford to eliminate 3,000 jobs in an effort to cut costs

Ford is recalling over 6 lakh SUVs worldwide over fire risks from possible fuel injectors

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?