World Nov 16 European Central Bank says a recession ‘has become more likely’ By David McHugh, Associated Press
World Nov 11 EU forecasts recession this year amid persistent inflation The European Union's executive commission slashed its forecast for economic growth next year. It says spreading the message that the countries that use the euro currency will slide into recession over the winter will erode consumer purchasing power. By David McHugh, Associated Press
Economy Nov 02 Federal Reserve unleashes another big rate hike but hints at a pullback soon It was the Fed's sixth rate hike this year — a streak that has made mortgages and other loans increasingly expensive and heightened the risk of a recession. By Christopher Rugaber, Associated Press
Politics Oct 12 More Americans feel financially vulnerable, AP-NORC poll finds More U.S. adults are now feeling financially vulnerable amid high inflation. That's a political risk for President Joe Biden and fellow Democrats a month before the midterm elections. By Josh Boak, Emily Swanson, Associated Press
Economy Oct 07 Stocks slump on fears about rates, recession after jobs data Good news on the economy remains bad news for Wall Street, as stocks fell sharply Friday on worries a still-strong U.S jobs market may actually make a recession more likely. By Stan Choe, Associated Press
Oct 04 Haiti reaches a breaking point as the economy tanks and violence soars By Evens Sanon, Dánica Coto, Associated Press Daily life in Haiti began to spin out of control last month just hours after Prime Minister Ariel Henry said fuel subsidies would be eliminated, causing prices to double. Continue reading
Oct 03 UK scraps tax cut for wealthy that sparked market turmoil By Jill Lawless, Associated Press The British government has dropped plans to cut income tax for top earners. The move was part of a package of unfunded cuts that sparked turmoil on financial markets and sent the pound to record lows. Continue reading
Sep 29 UK’s Prime Minister Liz Truss defends economic plan that sent pound tumbling By Jill Lawless, Danica Kirka, Associated Press British Prime Minister Liz Truss has defended her economic plan that roiled financial markets, saying she's willing to make "difficult decisions" to get the economy growing. Continue reading
Sep 28 Bank of England intervenes in market to halt economic crisis By Danica Kirka, Jill Lawless, Associated Press The move Wednesday comes after the government spooked investors with a program of unfunded tax cuts, sending the pound tumbling and the cost of government debt soaring. Continue reading
Sep 26 The British pound has taken a plunge. What’s the impact? By Kelvin Chan, Associated Press The British currency has taken a plunge, sliding against the U.S. dollar to touch an all-time low. Financial markets are alarmed at new Prime Minister Liz Truss' emergency budget measures to jump-start the economy. Continue reading