Economy News Cracks Starting To Appear In U S Economy, Especially In Residential Home Market – Wells Fargo

7 parts of the U.S. economy are already contracting

The headline numbers on growth and unemployment still look reassuring, but the surface strength of the U.S. economy hides pockets of outright decline. Several key industries tied to goods, trade, and ... Read More

Cracks Emerge Beneath Market Resilience, Challenging Areas Of The U.S. Economy

Two recent high-profile bankruptcies of an auto lender and an auto parts company triggered loan loss announcements at a handful of banks. Over the past 10 years, a little over half of the growth in ... Read More

Top analyst sees ‘genuine cracks for mid- to lower-end consumers’ as the K-shaped economy continues to bite

Mid- to lower-income households are struggling with an "affordability crisis," notes Lisa Shalett of Morgan Stanley Wealth Management. Credit stress is "flashing yellow." ... 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