Tuesday, May 07, 2024

"The US may already be in recession as job cuts accelerate, research CEO says"

"Oh, my goodness, there's already been 22,000 job loss announcements in the month of May and it's still a fairly young month...."-"veteran forecaster Danielle DiMartino Booth (Bloomberg TV)

 

The U.S. economy is headed for a hard landing, and Fed rate cuts won’t be enough to rescue it, Citi says (Fortune)