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Economic Shocks

All articles tagged with #economic shocks

economy2 years ago

"U.S. Braces for Simultaneous Economic Shocks: Experts Sound the Alarm"

The U.S. economy is facing multiple economic shocks that could jeopardize the possibility of a soft landing, according to Federal Reserve Chairman Jerome Powell. These shocks include the potential government shutdown, rising oil prices, the ongoing UAW strike, the resumption of student loan payments, and nearing 8% mortgage rates. These factors could lead to reduced economic growth, increased inflation, and a slowdown in consumer spending, posing significant challenges for the economy. The impact of these shocks on the economy remains uncertain, but they are causing concerns among economists and experts.

via Fortune|
#economic-shocks#economy#federal-reserve
economy2 years ago

"U.S. Braces for Simultaneous Economic Shocks: Experts Sound the Alarm"

The U.S. economy is facing the convergence of five economic shocks that could disrupt the anticipated "soft landing." These shocks include the potential government shutdown, rising oil prices, the United Auto Workers' strike, the resumption of student loan payments, and nearing 8% mortgage rates. These factors pose risks to economic growth, inflation, consumer spending, and the housing market, creating uncertainty for the Federal Reserve's monetary policy.

via Yahoo Finance|
#economic-shocks#economy#federal-reserve
finance2 years ago

ECB Slams Italy's Controversial Bank Windfall Tax

The European Central Bank (ECB) has criticized Italy's plan to impose a windfall tax on banks, stating that it would harm financial institutions that are already vulnerable to economic shocks. The ECB expressed concerns that the tax amount might not align with the long-term profitability and capital generation capacity of credit institutions. The widespread application of the tax could particularly impact banks with lower solvency positions, a focus on lending activity, or challenging capital projections. The ECB urged Italy to conduct a thorough analysis of the potential negative consequences of the tax on the banking sector.

via Euronews|
#bank-windfall-tax#ecb#economic-shocks