White House Is Not Preparing for Recession — Chief of Staff Says US Economy I...
White House Chief of Staff Ron Klain says that the U.S. is not in a recession. “The economy is growing. It is strong,” he stressed. In addition, White House Press Secretary Karine Jean-Pierre said there are no meetings or anything happening in preparing for a recession. White House Dismisses Recession Concerns White House Chief of Staff Ron Klain, President Joe Biden’s top aide, shared his economic outlook in an interview with MSNBC Thursday. He said: We are not in a recession … Unemployment claims remain at a historical low … The economy is growing. It is strong.....
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The Conference Board has found that 98% of chief executives surveyed are preparing for a U.S. recession while 99% of CEOs are preparing for an EU recession. “CEO confidence sunk further to start Q4 and is at its lowest level since the Great Recession,” the organization said. 98% of CEOs Expect Recession in the US The Conference Board published its Measure of CEO Confidence on Thursday. The board is a global, non-profit research group with over 1,000 public and private corporations and organizations as members in 60 countries. The Measure of CEO Confidence is “a barometer....
Politicians continue to argue about whether the U.S. economy is in recession, even as data highlights two consecutive quarters of negative growth. Meanwhile, BTC holds $19,000, for now. Bitcoin (BTC) wobbled in its narrow trading range at the Sep. 29 Wall Street open as official data put the United States economy in recession. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewU.S. meets technical definition of recessionData from Cointelegraph Markets Pro and TradingView showed BTC/USD still hovering just above $19,000 at the time of writing.The pair weathered gloomy figures for....
Bitcoin has proven itself time and again to recover from any kind of storm and with this, Anthony Scaramucci – the former White House chief of communications and founder of Skybridge Capital – said he stays positive amid all the gloom and negativity in the bear market. Fears of recession continue to spread among investors […]
The U.S. economy has declined for the second-straight quarter as the country’s gross domestic product (GDP) declined by 0.9% in Q2. The Bureau of Economic Analysis’s summary of the U.S. GDP follows the recent debate over the technical definition of a recession.
America’s Q2 GDP Data Points to a Recession
One of the principal agencies of the U.S. Federal Statistical System, the Bureau of Economic Analysis (BEA), released the commerce department’s latest gross domestic product (GDP) statistics on Thursday. The report notes that the GDP data shows a 0.9%....
Financial services firm Deloitte has conducted a survey of chief financial officers (CFOs) and found that nearly 50% of respondents expect the U.S. economy to be in recession this year. Furthermore, 39% expect the North American economy to be in a period of stagflation by year-end.
CFOs on Recession and US Economy
Deloitte, one of the Big Four accounting firms, published the results of its CFO Signals Survey for the third quarter earlier this week. The survey, conducted between Aug. 1 and 15, had the participation of 112 chief financial officers (CFOs) across the U.S., Canada,....