//@robot1234:U.S. recession isn’t ‘inevitable,’ but inflation is ‘unacceptably high,’ Treasury Secretary Yellen says. The recession that many Americans fear is coming is not “at all imminent,” Treasury Secretary Janet Yellen told ABC News on Sunday. Talk of a recession has accelerated this year as inflation remains high and the Federal Reserve takes aggressive steps to counter. On Wednesday, the Fed announced a 75 basis point interest rate hike, its largest since 1994.
Yellen Says High Inflation Locked In for the Rest of 2022
like//@nickname168:I recommend $Pilbara Minerals Ltd(PLS.AU)$.Pilbara Minerals shares are up more than 500% over the past five years. buoyed by record high lithium prices that have accelerated through 2022, and which are seemingly immune to wider fears of a global recession.The ASX lithium stock owns a 100% interest in the Pilgangoora Project in Western Australia, one of the largest hard rock lithium deposits in the world. In its September quarterly activities update, the ASX miner saw production increase by 164% quarter-over-quarter to 147,105dmt of spodumene concentrate, while its cash balance more than doubled to AU$1.375 billion.At its most recent offering at the online Battery Material
@Tiger_AU:[Events] Recommend an ASX share for 2023 💸💸
like//@koolgal:Hurray! I have hit the jackpot 500% return on my portfolio. That's what I like to see in 2nd quarter 2022! 😍😍😍. It is like striking a lottery! Whatever the outcome maybe in 2nd half 2022, I am staying optimistic and positive! 😍😍😍. My motto is "The BEST Is Yet To BE!" 🚀🚀🚀🌕🌕🌕💰💰💰🎉🎊🎉@TigerEvents
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//@PearlynCSY:Look for more selling pressure in week ahead. The S&P 500 posted its 10th down week in the last 11. The index is now well into a bear market.Bank of America global economist Ethan Harris described the U.S. economy as “one revision away from recession.”Federal Reserve Chair Jerome Powell will be in the hot seat again next week, as he returns to Capitol Hill to testify before both houses of Congress.
Recession Fears Roil Markets Amid Fed's Inflation Fight: What to Know This Week