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Jamie Dimon says the banking crisis was ‘hiding in plain sight’ and will now be felt 'for years to come’The JPMorgan Chase CEO also outlined his thoughts on a potential recession in his annual shareholder letter this week, and discussed consumers’ fading savings.

Bond-market's most deeply inverted gauge is pointing to 'large slowdown in economic growth' and 'deep recession'The 3-month Treasury yield stands 155 basis points above the 10-year note yield, producing “a big, serious inversion,” said Duke University's Campbell Harvey.

Sunbelt Cities Nashville and Austin Are Nation’s Hottest Job MarketsYoung job-seekers are heading to the hiring boom in Southern cities with robust service industries, a relatively low cost of living and vibrant music scenes.

Consumer Spending Growth Slowed and Core Inflation Eased in FebruaryConsumer spending increased a seasonally adjusted 0.2% in February, compared with January’s revised 2% increase, which was the largest one-month gain in nearly two years.

‎Moody's Talks - Inside Economics: Housing Recession, Homeownership Retreats on Apple Podcasts‎Show Moody's Talks - Inside Economics, Ep Housing Recession, Homeownership Retreats - Feb 10, 2023

‎Moody's Talks - Inside Economics: Financial Fragility & the Fed on Apple Podcasts‎Show Moody's Talks - Inside Economics, Ep Financial Fragility & the Fed - Mar 24, 2023

'Already past the point of no return': JPMorgan says the U.S. is probably headed for a recession as economic 'engines are about to turn off'If the U.S. economy does enter a downturn, it may have been long overdue, JPMorgan analysts say.

SVB crisis shows Fed needs to slow down or a 'lot more stuff is going to break,' Altimeter's Gerstner saysAltimeter Capital's Brad Gerstner said that rate hikes need to slow in order to avert an ongoing crisis at regional banks.

Historic move in Treasury yields signals high inflation but maybe not a recession anytime soonThe shape of the Treasury yield curve is flashing the biggest recession warning in nearly 42 years, but some strategists say a recession may not be coming soon.

Bars, Hotels and Restaurants Become the Economy’s Fastest-Growing EmployersHospitality companies are reviving their hiring after making pandemic cuts, offsetting slower jobs growth in the technology industry.

Fed, other central banks set joint liquidity operationA number of central banks around the world worked in coordination to enhance the provision of liquidity through the standing U.S. dollar swap line arrangements.

What is the US national debt and how has it grown over time?The national debt grew by more than $4 trillion in 2020 alone.

Bond traders haven’t been this scared of a recession since 1981It’s time to brush up on yield curve inversions (again). They’ve predicted every recession since 1955.

Unemployment Falls to 3.4%, Lowest in 53 Years, Jobs Report ShowsPayroll gains were the largest since July 2022 and snapped a string of five straight months of slowing employment growth. The unemployment rate fell to 3.4%, the lowest in more than 53 years.

U.S. consumer is soldiering on despite soaring inflation and recession risk, credit card giants sayAmerican Express and Bank of America said U.S. consumers have demonstrated a willingness to continue to pay higher prices.

Forecast for US Recession Within Year Hits 100% in Blow to BidenA US recession is effectively certain in the next 12 months in new Bloomberg Economics model projections, a blow to President Joe Biden’s economic messaging ahead of the November midterms.

Fed approves 0.75-point hike to take rates to highest since 2008 and hints at change in policy aheadMany are hoping for a "step-down" in policy that could see a rate increase of half a point at the December meeting and then a few smaller hikes in 2023.

Three Hidden Words From Fed Insiders Point to Much Higher Rates

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Core US Inflation Rises to 40-Year High, Securing Big Fed HikeA closely watched measure of US consumer prices rose by more than forecast to a 40-year high in September, pressuring the Federal Reserve to raise interest rates even more aggressively to stamp out persistent inflation.

Federal Reserve Data

GDPNowProvides a "nowcast" of the official GDP growth estimate prior to its first release.

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