Economy News The U S Economy Is Booming, But Only For A Few

US economy is growing at fastest pace in nearly 2 years — White House calls it ‘explosive growth’ as spending roars back. Is Trump really winning?

Take, for example, the fact that after months of dismal jobs numbers and recession predictions, a recent White House press release touted the U.S. Bureau of Economic Analysis’ revision of second ... Read More

A big part of the U.S. economy has sped up, ISM finds, but more speed bump loom ahead

The large services side of the U.S. economy grew in October at the fastest pace in eight months with the help of lower interest rates, but businesses expressed lingering worries over high tariffs and ... Read More

How the U.S. Economy Has Defied Doomsday Predictions on Tariffs

When President Trump announced sweeping tariffs in April, economists predicted surging inflation and raised the odds of a recession. Companies and consumers stockpiled to get ahead of price rises. 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

SA Asks: Is the U.S. economy sliding into recession?

Is the U.S. economy sliding into recession? Are we already in one? Seeking Alpha analysts weigh in. Read more here. Read More

Powell sees U.S. economy growing at 1.6% rate this year

Fed Chair Jerome Powell said the U.S. economy is growing at a slower pace this year. Powell said the Fed staff sees economy growing at a 1.6% annual rate, down from a 2.4% rate in 2024. "We've still ... Read More

The Good, The Bad, And The Ugly Of The U.S. Economy

The U.S. economy grew 3.8% in Q2, with robust momentum expected to continue for Q3. However, economic performance is highly uneven and as bifurcated as it has been in recent memory. With the markets ... Read More

U.S. economy speeds up despite shutdown, but tariffs weigh on exports and business confidence

The U.S. economy is still growing during what's been a very turbulent year. The most recent obstacle has been a long government shutdown. The U.S. economy sped up in October during the ongoing ... Read More

A Month Without Data Muddles the Economic Picture

Tariffs and uncertainty were already making the economy hard to read. The loss of government data during the shutdown has made the situation much worse. Read More

Justin Wolfers Warns Of 'Two Economies:' 'We're On The Cusp Of A Non-AI Recession'

Economist Justin Wolfers issued a stark warning in a recent CNN appearance, arguing that the U.S. is effectively operating as “two economies” where a massive Artificial Intelligence boom is concealing ... Read More