Economy News Is The Us Economy Too Strong Why Some Economists Now Say No Rate Cuts This Year

The U.S. economy is slowing — and the nation’s top economists don’t expect it to improve much over the next year

Economists don’t expect the tide to shift anytime soon. Only one economist is forecasting faster job growth and a lower unemployment rate in the year ahead, Bankrate’s poll found. The majority (81 ... Read More

Federal Reserve cuts rates to lowest level in three years

The Federal Reserve was widely expected to lower interest rates by a quarter point in order to support the waning job market. Read More

Fed lowers interest rates as it struggles to assess state of US economy without key government data

Even in the best of times, the Fed has a tough time interpreting the data and deciding how best to guide the US economy. Read More

There’s an economic explanation for why everything feels so tense right now

A collective angst is taking root. Maybe you feel it watching the news, scrolling social media, standing in line at the grocery checkout. Something’s off, and maybe it’s been that way for a while, but ... Read More

RBA fights stubborn inflation as US eases up on borrowers

Australia’s shock inflation figures this week have all but killed off hopes of an interest-rate cut next Tuesday while in the United States, homeowners are enjoying falling borrowing costs. Read More

US hiring fell sharply in July, an unexpected setback for the economy stoking recession fears

The U.S. economy suffered an unexpected setback in July as hiring fell sharply and the unemployment rate rose for the fourth straight ... 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

The US economy saw 'essentially no job growth' last month: Moody's

A leading economist is warning that job creation in the U.S. economy is slowing to a crawl as the ongoing government shutdown precluded the release of the September jobs report last week. Moody's ... Read More

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

Worries about the economy might be starting to affect consumers' spending decisions. If the U.S. economy was really flying high, the Federal Reserve wouldn't have lowered interest rates last month. So ... Read More

Government shutdown halts data, stokes risk as economy wobbles, experts say

Federal agencies said they would not release some key data during the shutdown. The government shutdown halted the release of key economic data, choking off the flow of information as some experts ... Read More

If the economy is good, why do some Americans still feel like everything is ‘falling apart’?

Even with strong GDP growth and a booming stock market, “there’s something in the water right now that doesn’t feel right.” ... Read More

Here's what gold crossing $4,000 is telling us about the U.S. economy

A range of factors has driven gold prices to record highs this year — a surge some Wall Street analysts think is likely to continue. Read More