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Survey: Job Market Slowdown And Unemployment Surge On Horizon

Employers are expected to add roughly 29,000 new positions each month on average between now and June 2024, while unemployment is expected to hit 4.5 percent.

United statesScott andersonGregory dacoDante deantonioAbbey omodunbiBernard baumohlEugenioj alemLawrence yunMike fratantoniBernard marksteinPatrick horanYelena maleyevOdeta kushiMark hamrickRobert frickTuan nguyen

Survey: Recession By July 2024 Likely Despite Resilient Economy

Experts put the odds of a recession between now and July 2024 at 59 percent, showing a downturn is more likely than not.

United statesRobert bruscaJoell naroffNayantara henselMike englundJohne silviaLindsey piegzaTuan nguyenRobert frickMark hamrickOdeta kushiYelena maleyevPatrick horanBernard marksteinMike fratantoniLawrence yun

Survey: Economists See Two More Rate Hikes And No Cuts This Year

Economists' average forecast for the Fed's peak interest rate is 5.6 percent, reflecting a target range of 5.5-5.75 percent, the highest since 2001.

United statesBernard marksteinPatrick horanEugenioj alemBernard baumohlLawrence yunMike fratantoniDante deantonioAbbey omodunbiScott andersonGregory dacoJoell naroffRobert bruscaLindsey piegzaJohne silviaNayantara hensel

Survey: Higher Inflation Could Persist Through At Least 2024

Economists are split on whether inflation will settle back in at the Fed’s preferred level of 2 percent by the end of 2024 or the end of 2025.

United statesPatrick horanMike fratantoniBernard baumohlDante deantonioRobert bruscaJoell naroffMike englundJohne silviaTuan nguyenMark hamrickYelena maleyevBernard marksteinLawrence yunEugenioj alemAbbey omodunbi

What Do Regional Bank Failures Mean for CD Rates?

The collapse of Silicon Valley, Signature, and First Republic regional banks in March and May put upward pressure on CD rates, experts say.

United statesRaymond jamesEugenioj alemFederal reserveDeposit insurance corporationSilicon valley bankAlly bankSilicon valleyFirst republicUnited states todayFederal deposit insurance corporation

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