Economy News The Us Economy Is So Strong That There Might Not Be Any Rate Cuts In 2024

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

US economy saw stronger-than-expected job growth in September, but the unemployment rate rose

• The latest snapshot of the US labor market showed an unexpected rebound of 119,000 jobs in September but a loss for August and a lower total for July. The report was originally scheduled for October ... Read More

Treasury Secretary Bessent says there won’t be a US recession in 2026: ‘Very, very optimistic’

Treasury Secretary Scott Bessent said the US is not at risk of a recession in 2026 – adding that he’s “very, very optimistic” about the impact from President Trump’s tariffs and trade deals. When ... Read More

Bessent ‘very, very optimistic’ about economy, says US will not enter recession

Treasury Secretary Scott Bessent assured he is “very, very optimistic” about the economic outlook of 2026 and dismissed concerns of an impending recession. Bessent appeared on NBC News’s Meet the ... Read More

No recession risk for US economy as a whole after $11 billion shutdown hit, Bessent says

Treasury Secretary Scott Bessent on Sunday said the 43-day government shutdown caused an $11 billion permanent hit to the U.S. economy, but he was optimistic about growth prospects next year given ... Read More

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

WASHINGTON — A sharp slowdown in hiring poses a growing risk to the US economy, Federal Reserve chair Jerome Powell said Tuesday, a sign that the Fed will likely cut its key interest rate twice more ... Read More