Economy News America Has A Trapped In Place Economy

Could the government shutdown tip the US into a recession? Experts weigh in

Roughly 750,000 furloughed government workers already feel crimped by the shutdown as they suffer missed paychecks and strained budgets. Those direct effects will grow dramatically on Nov. 1, when ... Read More

Has America’s economy gone K-shaped? Here’s what to know

For those on the upper arm, things are going well. The top 10% of U.S. households now account for nearly half of all consumer spending, buoyed by record stock market highs. Hourly pay is now rising ... Read More

10 warning signs the US economy is nearing a reset

As 2025 progresses, there are growing indications that the American economy may be approaching a significant reset. Economic experts have identified several key indicators that suggest potential ... 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

The US economy has come down with a case of early-onset stagflation

A version of this story will appear in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here. Two key reports released Thursday showed the US economy may be in a state of ... Read More

Shutdown could cost US economy $15 billion a week, Treasury says

The two-week-old federal government shutdown is costing the U.S. economy about $15 billion a day in lost output, Treasury Secretary Scott Bessent said on Wednesday, putting an estimate on its economic ... Read More

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

Federal Reserve Chair Jerome Powell says that a sharp slowdown in hiring poses a growing risk to the U.S. economy ... Read More

US economy grows at fastest pace in nearly two years as spending roars back

Fresh government data showed the US economy grew at a much stronger pace than initially estimated – news that dented hopes the Federal Reserve’s will cut rates aggressively in the months ahead. Gross ... Read More

How bad is America’s economy, really?

It’s getting harder to argue that the US economy is in good shape. At least, not without a ton of footnotes, caveats and fine print. Concerns about the economy are validated most easily in the labor ... Read More

The U.S. economy grew more than thought in the second quarter

Data released Thursday reflects the resilience of the U.S. economy, even as concerns about the job market and inflation persist. U.S. economic growth, or the gross domestic product (GDP), reached 3.8% ... Read More

Trump’s Agriculture secretary: ‘The farm economy is not in a good place’

Agriculture Secretary Brooke Rollins on Tuesday said the farming economy is “not in a good place” as those in the agriculture industry lose sales from trade severances with China and other partner ... Read More