Economy News Us Labor Market Resilience Keeps Economy Afloat As Year Ends

Banks see a resilient American economy despite unknowns with tariffs, inflation

While there are still uncertainties amid a struggling labor market that could slow down the economy, most bank leaders see the U.S. economy in a strong position, powered by consumers who ... Read More

Fed's Powell says economy may be on firmer footing, but job market weak

The U.S. labor market remained mired in its low-hiring, low-firing doldrums through September, though the economy "may be on a somewhat firmer trajectory than expected," Federal Reserve Chair Jerome ... Read More

Slowdown in US hiring suggests economy still needs rate cuts, Fed's Powell says

Federal Reserve Chair Jerome Powell says that a sharp slowdown in hiring poses a growing risk to the U.S. economy ... Read More

3 reasons the US can't count on wealthy Americans to keep the economy going strong

Wealthy Americans may not be able to power the economy with spending as much as some people think, BCA Research says. Read More

Solid US consumer spending in August underscores economy's resilience

WASHINGTON (Reuters) -U.S. consumer spending increased slightly more than expected in August as households went on vacation and dined out, keeping the economy on solid ground as the third quarter ... Read More

The U.S. economy grew more than thought in the second quarter

Data released Thursday reflects the resilience of the U.S. economy, even as concerns about the job market and inflation persist. U.S. economic growth, or the gross domestic product (GDP), reached 3.8% ... Read More

US economy grew faster than expected in the second quarter

The U.S. economy accelerated in the second quarter as the Commerce Department released its second revision of real gross domestic product (GDP) growth for the latest quarter. The Bureau of Economic ... Read More

3 reasons the US can't count on wealthy Americans to keep the economy going strong

The US may not be able to rely on rich Americans to power the economy, BCA Research said. High-earning households have been a pillar of consumer strength, propping up growth. There are three reasons ... Read More

3 reasons the US can't count on wealthy Americans to keep the economy going strong

Rich Americans may not be able to power the economy through a slowdown after all. A lot of economic punditry recently has been focused on high earners as a pillar of continued consumer strength, with ... Read More