Economy News Economy Is A Recession Coming Or Not

Treasury Secretary Bessent says there won’t be a US recession in 2026: ‘Very, very optimistic’

Bessent added that Americans will feel relief next year as Trump’s tariffs, trade deals and “big, beautiful bill” set in. Read More

Bessent ‘very, very optimistic’ about economy, says US will not enter recession

A report from the Bureau of Economic Analysis found that the economy grew at a 3.8% annual rate in the second quarter of this year. Read More

The US economy's 7 deadly signs

From homebuilding to trucking, major parts of the US economy are in deep trouble. The weakness could drag the whole country into a recession. Read More

Is Canada in a recession? Some answers are coming this Friday

Canadians will gain a better understanding of the country’s financial health later this week with the release of economic data. Read More

No recession risk for US economy as a whole after $11 billion shutdown hit, Bessent says

Treasury Secretary Scott Bessent on Sunday said the 43-day government shutdown caused an $11 billion permanent hit to the U.S. economy, but he was optimistic about growth prospects next year given ... Read More

Trump’s Treasury Chief Touts “No Recession” in 2026 as Economy Faces Mixed Signals

President Donald Trump is taking a victory lap as his Treasury Secretary says there’s little risk of a recession in 2026, but many Americans are still waiting to feel the promised boom. Speaking on ... Read More

Ohio’s Economic Future is Hazy, But a Recession Might Be Looming, Fed Survey Indicates

The Cleveland Fed said there was a nearly one-in-four chance that the national economy was already in recession as of last month. Read More

Trump's economic policy denounced as danger could have been avoided

The "danger" of Donald Trump's economic policy "could have been avoided" according to a political commentator who says the cost-of-living crisis is in a "perilous" state. Ramesh Ponnuru of The ... Read More

The economy is growing without adding many jobs, creating challenge for the Fed

Keeping the economy on track is becoming an increasingly tenuous task for the Federal Reserve with reduced hiring and AI-centric growth. Read More

If New York or California enters a recession, the entire U.S. economy would be next. So how are they doing?

As two of the country's biggest states by GDP, their economies 'may be canaries in the coal mine,' one economist notes The economies of California and New York could be proverbial canaries in the coal ... Read More

Michigan's economy can no longer outrun aging population, report says

Without a young, innovative population to spark new companies, new jobs and new activity, Michigan’s economy is predicted to stagnate amid fluctuating political whims, according to a new report from ... Read More

Treasury secretary says there won't be a recession in 2026

Scott Bessent said he was optimistic about the economy as a whole but acknowledged that some interest rate-sensitive sectors have experienced recession. Read More