The Economic Slowdown Is Finally Here. Welcome It.

The services sector has cooled as consumers have pulled back, putting rate cuts back on the table. Read More

US Economy News Today: Consumer Confidence Drops for Third Month in a Row

Today, house prices rose, we will get a peek at how confident consumers are amid inflation bouncing back and the Federal Reserve's two-day meeting begins. Read More

Affluent Americans are driving U.S. economy and likely delaying need for Fed rate cuts

One result of the Fed’s higher rates has been a kind of bifurcated economy, by age. Older, wealthier Americans who already own homes and cars have been much less affected by the Fed’s rate hikes. By ... Read More

Economy Struggling With High Interest Rates and Stubborn Inflation

“The LEI’s six-month and annual growth rates remain negative ... even if not recessionary – outlook for the U.S. economy. Indeed, rising consumer debt, elevated interest rates, and ... Read More

Is the U.S. in a "vibecession"? Here's why Americans are gloomy even as the economy improves.

The labor market is roaring ahead, wages are rising and inflation is slowing — all key metrics that economists point to as showing a resilient and strong U.S. economy. The problem is Americans ... Read More

U.S. economy adds 175,000 jobs in April but sees a rise in unemployment

The state of the economy is weighing on voters’ minds as the November presidential campaign intensifies. Despite the strength of the job market, Americans remain ... resilient strength of the job ... Read More

U.S. economy will see ‘more things break' in 2025 if rates stay high, strategist says

The U.S. economy ... if rates stay at this level until say 2025, when a big wall of refinancing is due, then I think we will start to see more things break," Kassam said. "For now, consumers ... Read More

JPMorgan CEO Dimon says US economy is booming

JPMorgan Chase CEO Jamie Dimon expressed confidence in a robust U.S. economy backed by strong employment and healthy consumer finances. Read More

Consumers Spent Heavily In March, Fueling An Already Hot Economy

He's also worked at The Balance, U.S. 1, Community News Service and the ... Surprisingly resilient consumer spending has kept the economy growing in recent months, fending off a long-anticipated ... Read More

The moon could get its own time zone. Here's why.

It added, "Knowledge of time in distant operating regimes is fundamental to the scientific discovery, economic development and international collaboration that form the basis of U.S. leadership in ... Read More

The U.S. economy hasn’t been on a hot streak like this in two decades

The U.S. economy is guilty of speeding. After another burst of growth in early 2024, the economy is on track to expand by at least 2% for the seventh quarter in a row. Just how impressive an ... Read More