OctaFX | OctaFX Forex Broker
Open trading account
Back

US recession risks on the rise - Reuters Poll

As noted by a Reuters poll of economists, odds of a US recession have risen to 40% as markets readjust their views.

Key quotes

The probability of a U.S. recession in the next two years has jumped to 40 percent, according to the median of those polled, the highest since that question was first asked in May this year.

The range of forecasts, which runs from 15 to 75 percent, also points to a higher probability of a recession in the next two years compared to a poll conducted just last month, which had a median 35 percent chance.'

While economists in the latest poll unanimously said the central bank will raise rates on Dec. 19, the consensus points to just two increases in 2019, taking the fed funds rate to 2.75-3.00 percent by the end of next year.

 

BOJ has cut purchases of JGBs maturing in 5-10 years

Bank of Japan (BOJ) has trimmed its purchases of the Japanese government bonds (JGBs) maturing in 5 to 10 years for the first time since June, possibl
Read more Previous

Breaking: RBNZ considering raising bank capital, Kiwi falls sharply to 0.6800

The Reserve Bank of New Zealand (RBNZ) reported earlier today that it is consulting on a proposal to raise the amount of capital that banks must hol
Read more Next
Start livechat