Economy News The Grumpy Economy

Big bank CEOs see an economy that's 'resilient' in the face of uncertainty

JPMorgan, Citigroup and Wells Fargo all used "resilient" to describe U.S. consumers — even as they grapple with tariffs and a weakening job market. Read More

K-shaped economy: Why the wealthy are thriving as most Americans fall behind

The markets have climbed higher despite continuing concerns around the shutdown, tariffs and inflation. The S&P 500 and Nasdaq have set records more than 30 times this year and other data suggest the ... Read More

Would a government shutdown hurt the economy? Experts explain

A government shutdown typically risks only modest damage for the U.S. economy, stemming mainly from furloughed public workers, who temporarily lose out on pay and put a dent in U.S. consumer spending, ... Read More

Why stocks keep going up even as the economy softens

Major stock indexes have climbed steadily upward through one piece of bad economic news after another. Unemployment is going up, with worker pessimism at its highest in years. Inflation is creeping ... Read More

Is the U.S. economy getting weaker? Here’s what we know.

If the U.S. economy was really flying high, the Federal Reserve wouldn’t have lowered interest rates last month. So what’s really going on? Read More

CBS News poll finds negativity on economy, job market and concerns about AI's impact

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

House Republican Tells Newsmax ‘Our Economy Right Now Is Not Great, The Jobs Report Was Not Great’

Representative Ryan Zinke (R-MT) admitted to Newsmax Monday that the economy isn’t doing great at the moment while arguing that the week-long government shutdown isn’t helping matters. “What they’re ... Read More

A government shutdown is looming: How does it impact the economy?

A partial shutdown of the federal government may begin at midnight barring action by Congress on a spending bill to fund operations which could spark concern over the economic impact, although it's ... Read More

Frustrated voters refute Trump claim the economy is 'the best we've ever had'

President Donald Trump and his MAGA allies continue to insist that he inherited a badly broken economy from former President Joe Biden but quickly turned the economy around. In fact, the U.S. enjoyed ... 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

Investors Are So Confident in the Trump Economy They’re Turning to Gold

The president promised a “golden age,” but Americans buying actual gold to hedge against an unstable economy is probably not what he had in mind. Gold—it’s not only the decoration of choice for Donald ... Read More