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Crying wolf?
Recession predictions abound, but no downturn yet
It’s “the most predicted potential recession in memory,” Federal Reserve Bank of Richmond President and CEO Tom Barkin quipped in January, but it hasn’t happened yet. Maybe. During the first
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Staying the course
Wealth pros counsel avoiding rash decisions
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A tanking economy. Rampant inflation. Whiplash in the stock market. What’s an investor to do? Look for opportunities to rebalance portfolios but, in general, hang tight, wealth management professionals say.
Business is better
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Over the past several months, there’s been a bit of a buzz about the direction of the global economy. In conversation, many business leaders will express deep concerns about inflation
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Fed’s Barkin asks, ‘What’s ‘normal’ anymore?’
Fed will continue to react to inflation, he adds
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The question Tom Barkin is asked the most these days is when the economy will return to normal. The president and CEO of the Federal Reserve Bank of Richmond has
Va. CEOs say labor shortages, inflation hurting business
Sales, employment expectations lower than Q1, Q2
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Labor shortages and inflation are negatively impacting Virginia businesses, and expectations for sales, employment and capital spending are less positive than during the previous two quarters, according to the third
Keeping watch
Banks, credit unions cautiously eye inflation, interest rates
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The question of the quarter: Are we entering a recession? One key indicator of a future recession can be inflation, which hit a 40-year high this year. Between June 2021
V-shaped? K-shaped? Va. experts predict economic recovery
Timeline will be impacted by vaccines, stimulus
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What will the economic recovery from the pandemic look like and when will it take place? Ask Virginia’s economic experts and they’ll tell you it depends on a number of