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

Dow Jones Today: DJIA Rebounds on Revival of Rate Cut Hopes as Consumer Sentiment Stumbles

The Dow Jones (DJIA) is up by over 1% on Friday as surging rate cut odds propelled by comments from Fed Bank of New York President John ... 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

Sharp disagreements over economy threaten Federal Reserve interest rate cut

What was once seen as a near-certain cut in interest rates next month now looks more like a coin flip as Federal Reserve officials sharply disagree over the economy's health and whether stubborn ... 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

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

Stocks Rally on Positive US Economic News and Strength in Chipmakers

The S&P 500 Index ($SPX) (SPY) on Wednesday closed up +0.37%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.48%, and the Nasdaq 100 Index ($IUXX) (QQQ ... Read More

US employers hit two-decade high in October job cuts

Employers across the nation cut more than 150,000 jobs last month in a 22-year high for October layoffs, according to a report released Thursday. At least 153,074 job cuts happened in October, marking ... 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