The economy is reliant on the ‘fortunes of the well-to-do’ says Moody’s—if the ultra-rich get nervy that means recession

Mark Zandi says of the rich: "If they turn more cautious, for whatever reason, the economy has a big problem." ... Read More

A good sign for the US economy? August retail sales rise, beat expectations

Economists said the August jump in spending was driven in part by back-to-school shopping and consumers still trying to get ahead of tariffs. Most retail categories posted a gain in August, with ... Read More

Consumer spending is ‘booming’ despite labor-market worries

Retail sales rose in August, in a sign that consumer spending is “booming” despite recent negative revisions to U.S. jobs growth, according to Chris Zaccarelli, chief investment officer at Northlight ... Read More

US economy braces for twin housing, labor market headwinds

The U.S. labor market appears to be deteriorating rapidly just as the country's housing market is also creaking, two negative forces that risk feeding off each other and smothering economic growth. Read More

Top 10% of earners drive a growing share of US consumer spending

Wealthy consumers continue to account for a growing share of U.S. consumer spending, highlighting the lopsided strength of the economy as a slowdown in hiring and wariness among other income ... Read More

U.S. Q3 GDP Estimate Spikes to 3.4% on Resilient Consumer Spending

The Atlanta Fed’s GDPNow model now estimates real GDP growth of 3.4% in the third quarter of 2025, up from 3.1% just six days earlier. If the ... Read More

US retail sales increase strongly; softening labor market a headwind

U.S. retail sales increased more than expected in August as consumers bought a range of goods and dined out, but a weakening labor market and rising prices because of tariffs pose a downside risk to ... Read More

Americans kept spending last month despite elevated inflation

US consumers kept spending in July, even as inflation remained elevated that month, new data showed Friday. Consumer spending rose 0.5% from June, according to Commerce Department data released Friday ... Read More

The U.S. added just 22,000 jobs in August, confirming dramatic slowdown in the labor market

U.S. job growth has almost entirely ground to a standstill, according to government data released Friday. The Bureau of Labor Statistics (BLS) reported that the U.S. added 22,000 jobs in August, well ... Read More

Economy Primed for Lower Interest Rates as Inflation Remains a Problem

Now that the Federal Reserve has signaled lower interest rates are likely to come in the next month or so, attention will turn back to the underlying health of the economy. That will be clearer this ... Read More

A key market data point is signaling fear about America’s economy

While the stock market hovers near record highs, a shift in the bond market is signaling mounting concerns about the economy’s health. Read More