27961
US Expansion Shows Recession Not Near
World Economy

US Expansion Shows Recession Not Near

The fact that the current US economic expansion has gone on for six years does not mean a new recession is likely close, St. Louis Fed President James Bullard said on Tuesday, Reuters reported. “The probability of going into recession is no greater just because you have an expansion for six years,” Bullard said. Bullard, speaking in Washington, repeated his arguments for raising interest rates now. Bullard feels the economy is largely back to normal, and that unemployment will fall “deep” into the four percent range in coming months.

Short URL : https://goo.gl/TBDCwH
  1. https://goo.gl/OhntQK
  • https://goo.gl/vNJQtv
  • https://goo.gl/F25hU6
  • https://goo.gl/8ppLNx
  • https://goo.gl/hj0ZZG

You can also read ...

If both sides continue with tit-for-tat tariffs, the inflation would lead to further increases in interest rates  and give rise to disturbances in the currency markets.
The trade war between the US and China risks substantially...
Hong Kong’s GDP fell to 3.5% in the second quarter.
The outlook for Hong Kong’s economy is darkening as rising...
Norway to Surpass Sweden
Sweden’s economic prospects have dimmed in recent months and...
China Growth Momentum Slows
China’s economy hit a mid-year rough patch as efforts to curb...
Crypto Market Struggles as Bitcoin Dips Below $6,000
Bitcoin touched below $6,000 and dozens of smaller digital...
Many emerging market economies are better prepared now because they have a good international reserve position and they allow their exchange rates  to float more freely.
Italian economist Claudio Borio is considered an authority in...
Finnish GDP May Slow
The Finnish economy remained robust in the spring and early...
German Economy Beats Forecasts
Unfazed by a mounting number of uncertainties, Europe’s...

Trending

Googleplus