Central banks – One America News Network

A person pushes a shopping cart in a supermarket in Manhattan, New York City, U.S., March 28, 2022. REUTERS/Andrew Kelly

US consumers could become discouraged without rate cuts, Bank of America CEO says

If the U.S. Federal Reserve does not start cutting interest rates relatively soon, U.S. consumers could become dispirited.

NEW YORK, NEW YORK - JUNE 14: Traders work on the floor of the New York Stock Exchange (NYSE) on June 14, 2022 in New York City. The Dow was up in morning trading following a drop on Monday of over 800 points, which sent the market into bear territory as fears of a possible recession loom. (Photo by Spencer Platt/Getty Images)

Economist Predicts ‘Crash Of A Lifetime’ Will Be Worse Than 2008 Recession

Harry Dent, the outspoken financial author and economist, is not reversing course from his bold “crash of a lifetime” declaration from this past December.

A man shops for produce at Best World Supermarket in the Mount Pleasant neighborhood of Washington, D.C., U.S., August 19, 2022. REUTERS/Sarah Silbiger/File Photo

Markets underestimate risk of inflation re-accelerating, says PIMCO

Equity and fixed income markets may be too optimistic on how quickly central banks will cut interest rates.

FILE PHOTO: A bitcoin is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. REUTERS/Benoit Tessier

Bitcoin climbs above $45,000 to 21-month peak as new year kicks off

Bitcoin galloped past $45,000 for the first time since April 2022, buoyed by optimism around the possible approval of exchange-traded spot bitcoin funds.

A street sign for Wall Street hangs in front of the New York Stock Exchange May 8, 2013. REUTERS/Lucas Jackson

Market bets for 2024 thrown into chaos by US recession conundrum

Investment banks and asset managers have wildly varying stock market and currency calls for 2024, reflecting deep division over whether the U.S. economy will enter a long-heralded recession.