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

U.S. retail sales slow sharply in September with core decline — Is this signaling tariff-induced inflation or a U.S. recession risk?

U.S. retail sales rose just 0.2% in September, missing the 0.4% forecast as consumers cut discretionary spending. Core retail sales, a key GDP input, fell 0.1% after a 0.6% August gain. Clothing ... 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

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

The 7 parts of the US economy that are already in a recession

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

This Is How Our Economy Comes Crashing Down

But a closer inspection shows that an increasing number of structural supports — across businesses, labor markets, consumers and stocks — are looking wobbly. A Jenga-like collapse, meaning an ... Read More

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

New York and California are struggling economically — and if things get worse in those states, they could take the whole U.S. economy down with them. The two states, it must be noted, aren’t doing as ... Read More

CU Economist: Too early to ring recession bell, though not all signs are rosy

Look for recession indicators, and suddenly you might start seeing them everywhere. The U.S. stock market strung together consecutive days of losses last week despite a better-than-expected jobs ... 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