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Rate Hikes Needed to Reduce Eurozone Inflation Despite Recession, Top ECB Official Says – Finance Bitcoin News

Interest rates will continue to rise while the euro area falls into recession, a high-ranking executive at the European Central Bank (ECB) has indicated. His statements follow the latest rate increase announced by the monetary authority last week and revised projections showing higher than previously expected inflation in Europe ahead. ‘We

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Blackrock Warns of Unprecedented Recession for 2023, Bull Markets Not Returning – Finance Bitcoin News

Blackrock, one of the largest asset management companies in the world, has warned that 2023 will be a year of recession different from other recessions in the past. As part of its recently issued 2023 Global Outlook report, Blackrock states that a new economic playbook is required in a world

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Recession Will Be Greatly Amplified if the Fed Raises Rates Next Week – Economics Bitcoin News

Billionaire Elon Musk, the CEO of Tesla and Spacex, has warned that the recession will be “greatly amplified” if the Federal Reserve raises interest rates again next week. He added that things will “probably start looking better” in the second quarter of 2024. Tesla CEO Elon Musk on Recession and Fed’s

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‘Big Short’ Investor Michael Burry Warns of Extended Multi-Year Recession in US – Economics Bitcoin News

Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned about “an extended multi-year recession” in the U.S. He believes there isn’t a strategy to pull us out of “this real recession.” Michael Burry’s Recession Warning Famous investor and founder of investment firm Scion Asset Management, Michael Burry,

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Elon Musk Implores Fed to Cut Interest Rates or Risk Economy Tumbling into ‘Severe’ Recession

Tesla boss Elon Musk opines that the Fed’s attempts to stem inflation may inadvertently induce a full-blown recession.Elon Musk believes that the Federal Reserve must cut interest rates immediately or risk incurring a severe recession. The outspoken Tesla CEO made his opinion known in an early tweet Wednesday, which read:“Trend is concerning. Fed needs to

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Amazon Founder Jeff Bezos Advises What Consumers and Businesses Should Do as Recession Looms – Economics Bitcoin News

Amazon founder and former chief executive Jeff Bezos has given some advice to consumers and small businesses about what they should do given that the U.S. economy is either already in a recession or is headed into one “very soon.” The billionaire said: “The economy does not look great right

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White House Is Not Preparing for Recession — Chief of Staff Says US Economy Is Strong – Economics Bitcoin News

White House Chief of Staff Ron Klain says that the U.S. is not in a recession. “The economy is growing. It is strong,” he stressed. In addition, White House Press Secretary Karine Jean-Pierre said there are no meetings or anything happening in preparing for a recession. White House Dismisses Recession Concerns White

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