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 Federal Reserve Chairman Jerome Powell has called a “bifurcated economy,” as the cost of living skyrockets from housing to food ... 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

These 5 Indicators Suggest Recession Risks Are Very High In 2026

Key recession signals include the Leading Economic Index, Consumer Confidence Index, plunging lumber prices, and freight market weakness, all pointing to a downturn. While a short-term year-end rally ... 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