Economy News What Recession Latest Gdp Data Shows Economy Is Holding Firm

Treasury’s Bessent concedes some parts of the economy are already ‘in recession’

According to Trump’s treasury secretary, the economy isn’t just struggling in some areas — some “sectors” are actually contracting. Read More

Is US Economy Facing Recession? What US Treasury Secretary Scott Bessent Said

US Treasury Secretary Scott Bessent said parts of the US economy, especially the housing sector, are already in recession due to high interest rates. He urged the Federal Reserve to speed up rate cuts ... Read More

Is the US Economy Headed for a Recession?

Recession worries are spreading, but analysts don’t expect a dire economic slowdown in 2025 and are looking for growth to reaccelerate next year. Heightened risk factors like a rapidly cooling labor ... Read More

Government shutdown blocks key GDP data release – what do the Fed's models say about economic growth?

The ongoing government shutdown has delayed the official third-quarter GDP report release, although real-time estimates from a pair of Federal Reserve banks suggest the economy grew. Read More

Recession and ‘stagflation’ loom as economic concerns

Given the level of uncertainty with the economy, labor market, and inflation, some economists have started talking about the possibility of a recession or even “stagflation.” The economy has been in ... Read More

The economy is reliant on the ‘fortunes of the well-to-do’ says Moody’s—if the ultra-rich get nervy that means recession

A Moody’s analysis shows U.S. spending growth since the pandemic has come almost entirely from the wealthiest households, with the bottom 80% merely keeping pace with inflation. Chief economist Mark ... Read More

Economy Had a Strong Spring, Latest Revision Shows

Federal Reserve Chair Jerome Powell said there ‘is no risk-free path’ as the central bank tries to keep inflation low and stable while promoting healthy labor markets. Photo: Sophie Park/Bloomberg ... Read More

ECONOMIC STAGNATION MAY BE OVER (IF WE CAN AVOID A RECESSION SOON)

The Census Bureau recently released a massive amount of new data on Americans and the US economy, as they do each year with their "Income, Poverty, and Health Insurance Coverage in the United States" ... Read More

New UHERO report forecasts recession for Hawaii’s economy

This line graph shows average daily visitor arrivals in Hawaii from the U.S., Canada and Japan. Courtesy photo With visitor numbers down in Hawaii and new federal tariffs weighing down the global ... Read More

Italy's economy contracts by 0.2% in Q1 as recession risks increase

The latest 3.1% forecast is considered optimistic by most independent bodies. Italy's employers' lobby Confindustria has said the economy is heading for recession, defined as two consecutive quarters ... Read More