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BRUCE KASMAN
Global Market Today | Asian shares slide, oil surges on risk of lengthy Middle East conflictSurging oil prices are fueling inflation fears and potentially higher interest rates globally, causing Asian share markets to slide. Invest...
Asian shares bounce as markets count on US rate cutsAsian markets surged, buoyed by expectations of U.S. rate cuts and anticipation surrounding Nvidia's earnings report. Investors are optimis...
Tariff Effect: Will US face recession this year? JPMorgan has the answer to this question. Read on to find outJPMorgan now sees a 60% chance of a US recession this year, up from 40%. This follows new tariffs announced by President Trump. The bank wa...
“There will be blood”: JPMorgan warns of 60% global recession odds under Trump tariffsDonald Trump’s sweeping new tariffs are raising alarms about a potential U.S. and global recession. Economists from JPMorgan, Goldman Sachs...
Is the US headed for recession? Donald Trump, Elon Musk, and White House allies debate the economy as Wall Street signals trouble aheadRising recession fears clash with Trump’s tariff strategy as economists warn of 50/50 odds. Explore the global trade war risks and Wall Str...
J.P. Morgan economist sees 40% US recession chance and risks to 'exorbitant privilege'J.P. Morgan's chief economist Bruce Kasman suggests there is a 40% chance of a U.S. recession this year, with risks of lasting damage to th...
Asia shares cautious as inflation dashes rate cut hopesA holiday for U.S. markets also made for thin trading, while the latest surge in tech stocks is set to be tested by results from AI diva Nv...
Hard landing is here for trade, roiling world export champsUS exports, followed by Germany have also contracted over the year to June.
Asia stocks feel rate pain, dollar on a rollChina has manufacturing surveys and the National People's Congress kicks off at the weekend and will see new economic policy targets and po...
Asia stocks ease, bonds brace for U.S. data testMarkets have already sharply raised the profile for future tightening by the Federal Reserve, with rates now seen peaking up around 5.15% a...
Asia shares slip, dollar up as U.S. rate outlook shiftsA host of Fed officials are set to speak this week, led by Chair Jerome Powell on Tuesday, and the tone could be hawkish. Policy makers fro...
US is poised to beat China’s V-shaped recovery: JPMorganIndications of resilience in global industry, a surge in American retail spending, along with fiscal stimulus around the world, especially ...
Morgan Stanley economists double down on V-shape global recoveryMorgan Stanley noted three reasons for why the recession will be short.
Geopolitical risks, not local issues, put US in a limboPowell is expected to deliver his latest thinking on the outlook when he speaks to the National Association for Business Economics in Denve...
This year looks different for inflation’s course in USUS inflation is showing signs that it might begin to stage a comeback in 2018.
India may be third biggest economy by 2030: ReportIndia, ranked eighth for 2015, will climb past Brazil, the United Kingdom, France, Germany and Japan to take third place in the world ranki...
- US services growth hits the slow lane in June
Service industries in the US expanded at a slower pace in June, indicating the economy started to cool entering the second half, economists...
- Total US jobless rolls drop sharply to nearly 6.7 mn
Total number of people on unemployment insurance rolls dropped for first time since early January, government said, while new claims for be...
- US to emerge from recession in third quarter: Bank economists
The United States should emerge from recession in the third quarter of this year but will continue to reel from high unemployment and budge...
- Surging bond yields do Bernanke, Trichet a service
The higher market rates, if they continue, mean pricier loans for homes and credit cards, and will make it more expensive for companies to ...