Economy News How Higher Rates For Longer Can Be Good News For The Economy

Fed governor says current economy is 'calling for large interest rate cuts' to help job market

Fed governor Stephen Miran calls for large interest rate cuts, warning that current policy is "holding the economy back" and pushing unemployment higher. Read More

A Zombie Economy Could Be America's Future

Over the next decade, the US economy will face two big challenges: higher interest rates and AI-generated disruption. Each invites the same solution: policies to keep rates below their market level. Read More

Here’s what the latest inflation and spending data reveals about the US economy

Key monthly metrics from the US government continue to be released now that the shutdown has ended. Next up: September wholesale inflation and retail sales. Read More

A shackled economy, no long-term vision for growth — and no help for London

Kwasi Kwarteng three years ago — has managed to wriggle under it in recent years. The small four basis points fall in 10-year gilt yields at the time of writing immediately after this most chaotic of ... Read More

Powell: Slowdown in U.S. hiring suggests economy still needs rate cuts

WASHINGTON (AP) — A sharp slowdown in hiring poses a growing risk to the U.S. economy, Federal Reserve Chair Jerome Powell said Tuesday, a sign that the Fed will likely cut its key interest rate twice ... Read More

Will tariffs slow the U.S. economy in 2026?

The U.S. economy has largely weathered historically high tariffs so far this year, but a new study says tariffs will hit Americans in 2026. The Paris-based Organization for Economic Cooperation and ... Read More

Sharp disagreements over economy threaten Federal Reserve interest rate cut

What was once seen as a near-certain cut in interest rates next month now looks more like a coin flip as Federal Reserve officials sharply disagree over the economy’s health and whether stubborn ... Read More

Why Mortgage Rates Might Not Keep Going Down

Mortgage rates have fallen modestly from their peak above 7% in January. Analysts expect mortgage rates to hold around 6% in 2026, even as the Fed cuts short-term interest rates. Mortgage rates ... 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

CBS News poll finds rising concern over government shutdown impact on economy, Americans personally

Anthony Salvanto, Ph.D., is CBS News' executive director of elections and surveys. He oversees the CBS News Poll and all surveys across topics and heads the CBS News Decision Desk that estimates ... Read More