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Former Commerce Secretary Warns US Headed for Recession

Former Commerce Secretary Wilbur Ross has warned of an impending U.S. recession due to the lingering effects of pandemic-related stimulus. While Wall Street maintains a more optimistic outlook, citing strong GDP and low...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Former Commerce Secretary Warns US Headed for Recession
Former Commerce Secretary Wilbur Ross has warned of an impending U.S. recession due to the lingering effects of pandemic-related stimulus. While Wall Street maintains a more optimistic outlook, citing strong GDP and low unemployment, Ross argues that the economy was artificially inflated by the $5 trillion in stimulus. He points to inflation, high consumer prices, […]

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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