New York state manufacturing plunges in January

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JPMorgan Continues to See 25% Chance US Avoids Recession in 2023 or 2024

January 18, 2023 9:17 AM EST

JPMorgan analyst Nikolaos Panigirtzoglou comments "While there has been an improvement in sentiment towards risk assets given greater optimism over the soft-landing scenario, we are reluctant to chase the past few weeks rally as a lot of good news are already in the price. And while signs of declining inflation... More

Goldman Sachs clients slightly more optimistic on 2023 recession probability

January 17, 2023 11:39 AM EST

Goldman Sachs said on Tuesday that 57% of its clients expect a recession in the US in 2023, which is slightly more optimistic than consensus expectations.

The firm held its Global Strategy Conference for clients in London on Monday, where it polled over attendees.

The consensus suggests that the average recession probability stands at 65%, according to Goldman, who said the "relative bullishness" might be because the market has bounced so far this year, and there has been recent good news on the... More

ECB policymakers consider easing rate hikes - Bloomberg

January 17, 2023 11:08 AM EST

Policymakers at the European Central Bank are reportedly considering a slower pace of interest rate hikes than indicated in December, according to a report by Bloomberg on Tuesday.

The 50 basis-point increase in February signaled by ECB President Christine Lagarde remains likely, but the possibility of a smaller... More