Economy News Us Economy News Today Could Consumer Spending Stall Rate Cuts

The unprecedented government shutdown will weigh on a US economy already under stress

The six-week government shutdown that came to an end late Wednesday will be another drag on an economy already facing many challenges, though the full impact will take months to measure ... Read More

Wait, I thought the economy was terrible. What happened?

“The economy is struggling to create jobs. The unemployment rate is low but it’s now showing some stress,” Zandi said, adding that the closer the rate gets to 5%, the greater the risk of a ... Read More

Uncertainties over economy threaten Federal Reserve interest rate cut

A December rate cut is far from certain as inflation continues to run above the Fed's target. At the same time, risks to the US job market remain. View on euronews ... Read More

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

WASHINGTON (AP) — A sharp slowdown in hiring poses a growing risk to the U.S. economy, Federal Reserve Chair Jerome Powell said Tuesday, a sign that the Fed will likely cut its key interest rate twice ... Read More

Government shutdown standoff could trim $14 billion from GDP, CBO warns

FIRST ON FOX: The U.S. economy could lose up to $14 billion in economic growth due to the ongoing government shutdown, a new analysis said Wednesday. The nonpartisan Congressional Budget Office (CBO) ... Read More

Inflation Edges Up, but Less Than Expected, to 3% Rate

Annual inflation heated up slightly in September, but not as much as economists expected, giving the Federal Reserve a clear path for widely expected rate cuts heading into their remaining meetings ... Read More

US Consumer Confidence Slips to Six-Month Low; Worries Over Job Availability Rising

WASHINGTON (Reuters) -U.S. consumer confidence eased to a six-month low in October amid worries about the availability of jobs in the near-term, offering more ammunition for the Federal Reserve to cut ... Read More

US consumer sentiment near 3-1/2-year low as government shutdown fuels anxiety

U.S. consumer sentiment slumped to near a 3-1/2-year low in early November as households across the political spectrum worried about the economic fallout from the longest government shutdown in ... 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 Divisions Reveal New Caution Over Continued Cuts

The Federal Reserve cut interest rates for the second time this year, although Chair Jerome Powell said a third cut is “not a foregone conclusion.” WSJ’s Nick Timiraos explains the central bank’s ... Read More