Economy News Recession Odds Are Very High As Economy Looks Poised To See An Unemployment Wave And Plunging Consumer Spending, Chief Economist Says

Are we in a K-shaped economy? Delayed employment numbers could reveal recession odds

The gap between the richest and poorest Americans is widening in what Fed Chair Jerome Powell called a 'bifurcated economy.' Here's the breakdown. Read More

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

Bessent added that Americans will feel relief next year as Trump’s tariffs, trade deals and “big, beautiful bill” set in. Read More

These 2 states will determine if the U.S. slips into a recession while one more enters the danger zone, top economist says

The U.S. economy is still managing to avoid a recession, but just barely, with its fate likely resting on California and New York, according to Moody’s Analytics chief economist Mark Zandi. In social ... Read More

Bessent Says Some ‘Sectors’ Of Economy Are In Recession

Treasury Secretary Scott Bessent said Sunday he believes some sectors of the economy are in a recession or at risk of one, blaming the Federal Reserve for not cutting interest rates fast, just one day ... Read More