Senior Chairman of Investment Bank Goldman Sachs, Lloyd Blankfein said a US recession is, in fact, possible and consumers should be ready for it.
White House Economist Jared Bernstein is declining to dismiss the potential of an economic recession occurring in the near future.
Bill Clinton-era Treasury Secretary Larry Summers warned that recession will likely occur in the next two years. One America’s Cynthia Kaui has more.
The managing director of the International Monetary Fund (IMF) anticipates a deep recession in Russia as the nation’s economy continues its downward spiral. In an interview on Sunday, Kristalina Georgieva said the impact of sanctions have been quite severe for the Russian economy and the ruble has significantly depreciated.
The Labor Department released the Consumer Price Index for February, which shows it increased 7.9 percent from a year ago. Meanwhile, wages increased 5.1 percent. That’s almost a 3 percent difference, so if you did not get a 3 percent pay increase then you are essentially getting a pay cut. Are we headed into a recession? The Managing Director of the Market Gauge, Michele Schneider joined OAN’s Alicia Summers to discuss.