US Recession

With the US and Indonesian central banks seen approaching the end of their respective hiking cycles, inflows looking for higher carry returns are likely to keep increasing in the second quarter

According to Jefferies, analysts' consensus revenue growth estimates for CY24 have been lowered for top clients of all IT firms, barring Wipro, with the highest cuts for HCL Tech and Tech Mahindra

Revenue from Americas was 47.9 per cent in fiscal 2021-22, as compared to 47.5 per cent in fiscal 2021

Tamer rate hike expectations helped lower the dollar index, which supported oil prices as a weaker greenback makes the commodity cheaper for buyers holding other currencies

TCS Q3 results: QoQ decline of 2,200 employees in the total headcount and de-growth of 3.7 per cent in deal bookings at $7.8 billion are indicators that point towards a slowdown, analysts say

America's employers added a solid 223,000 jobs in December, evidence that the economy remains healthy yet also a sign that the Federal Reserve may have to raise interest rates more aggressively to slow growth and cool inflation. The December job growth, though a decent gain, amounted to the lowest monthly increase in two years. The unemployment rate remained fell to 3.5%, matching a 53-year low, the Labor Department said Friday. Last month's job growth capped a second straight year of robust hiring during which the nation regained all 22 million jobs it lost to the COVID-19 pandemic. Yet the rapid hiring and the hefty pay raises that accompanied it likely contributed to a spike in prices that catapulted inflation to its highest level in 40 years. The picture for 2023 is much cloudier. Many economists foresee a recession in the second half of the year, a consequence of the Fed's succession of sharp rate hikes. The central bank's officials have projected that those increases will

Software company Pegasystems is laying off 4 per cent of its over 6,000-strong workforce, as recession fears loom in 2023

While two of the eminent panelists - Ghosh and Nayar - said they expect a pause in the monetary cycle by the MPC, Chakraborty, Sagar, and Kapoor said the MPC could still hike by 25-50 basis points

After scaling 40-year highs, inflation in the United States has been slowly easing since summer. Yet the Federal Reserve seems decidedly unimpressed and unconvinced that its fight against accelerating prices is anywhere near over. On Thursday, stock markets buckled on the growing realisation that the Fed may be willing to let the economy slide into recession if it decides that's what's needed to drive inflation back down to its 2 per cent annual target. The S&P 500 stock index lost roughly 100 points 2.5 per cent in its worst day since early November. The losses came a day after the Fed raised its benchmark interest rate for the seventh time this year. The half-point hike the Fed announced to a range of 4.25 per cent to 4.5 per cent had been widely expected. What spooked investors was Wall Street's growing understanding of how much further the Fed seems willing to go to defeat high inflation. In updated projections they issued Wednesday, the Fed's policymakers forecast that ..

Benchmark steel prices are down more than 50% this year as surging inflation has crimped appetite for longer-term projects

They're also likely to signal another 50 basis points of tightening next year, according to economists, and an expectation that once they reach that peak, they'll stay on hold through all of 2023

The greenback rose 0.16% overnight against the Japanese yen, but erased some of those gains in early Asia trade and fell 0.04% to 136.97 yen

He said consumers should postpone buying big basket items and businesses should also go slow on acquisitions until the situation improves

'We're not anywhere near a recession right now, in terms of the growth,' said Biden at the White House on Wednesday

Would a championship win for the Philadelphia Phillies be a good thing for the nation's economy?

Jamie Dimon said the Federal Reserve probably can't cool the red-hot economy without bringing on a recession.

Economic contractions -- even modest ones -- traditionally lead to markedly higher unemployment as companies slash their payrolls by millions of workers in response to lower demand

While the US economy is doing well at the moment, a number of indicators and global issues are ringing alarm bells: Dimon

The pain is just beginning for investors in US credit markets after Federal Reserve tightening and recession angst sent investment-grade bonds, high-yield debt and leveraged loans spiraling in Sept

Despite the ongoing selloff and the global macroeconomic stress, analysts say that the IT sector still remains a preferred bet from a long-term perspective