Economy News Powell ‘no Reason’ To Think Economy Is Close To Recession

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

Recession seems far off — that’s the good news. Yet the economy is also far from trouble-free.

Enough trouble spots emerged in the U.S. economy to coax the Federal Reserve to cut interest rates last week — but it turns out the news isn’t all that bad. A bevy of recent reports also show ... Read More

This recipe for a growing U.S. economy shows little sign of recession

When the U.S. economy shows sign of deep stress, one of the first things Americans strike from their budgets are takeout dinners and going out to restaurants. It’s one of the best early warning signs ... Read More

No jobs report again. But these numbers show how the U.S. economy is doing.

Investors are set to miss out on the second U.S. jobs report in a row due to the government shutdown, but there’s enough scattered evidence to suggest the economy is hanging in there. With the ... Read More

Fed's Powell points to persistent labor market weakness as government shutdown delays official reports

Federal Reserve Chair Jerome Powell on Tuesday said that the economy continues to see a softening of the labor market despite the government shutdown delaying the release of official jobs and ... Read More

No one can seem to kill America’s economy, despite everyone’s best efforts

Americans hate this economy, but they keep spending like they love it. The Commerce Department reported Friday that consumer spending rose 0.6% in August. Although that may not sound like a lot, it ... Read More

Recession fears mount as Fed says more rate cuts could follow hiring slowdown

This is read by an automated voice. Please report any issues or inconsistencies here. A sharp slowdown in hiring poses a growing risk to the U.S. economy, Federal Reserve Chair Jerome Powell said ... Read More

Takeaways: Fed Chair Powell says don’t count on a December rate cut

The Federal Reserve on Wednesday lowered interest rates for the second time this year in a continued bid to prevent unemployment from surging. But another rate cut at the next meeting in December “is ... Read More

Fed Chair Powell says hiring slowdown poses economic risks, hinting at more interest rate cuts

Federal Reserve Chair Jerome Powell on Tuesday emphasized that a sharp slowdown in hiring poses a growing risk to the U.S. economy, a sign that the central bank will likely cut its key interest rate ... Read More

Survey High: 91% of Ag Economists Say Crop Sector in Recession, Losses Likely Through 2026

The financial squeeze gripping row crop agriculture is only growing more severe, according to the latest Ag Economists’ Monthly Monitor. As of September, 91% think the U.S. crops sector is in a ... Read More

Hot dogs, camping trips and cardboard boxes: What these non-scientific indicators tell us about the economy

Gray’s Papaya hot dog restaurant in Manhattan has served up beef franks to the hungry and frugal masses for the past five decades. But the bustling business off 72nd and Broadway isn’t just an iconic ... Read More

Jerome Powell’s era of consensus at the Fed is over

Federal Reserve policymakers are split over whether they should continue cutting interest rates, ending the long stretch of consensus that has defined Chair Jerome Powell’s leadership of the central ... Read More