Economy News Us Economy News Today An Old Economic Idea Is Being Revived—it Could Impact Your Job

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

US economy grows beyond expectations

WASHINGTON (AP) — An uptick in consumer spending helped the U.S. economy expand at a surprising 3.8% from April through June, the government reported in a dramatic upgrade of its previous estimate of ... 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

Three Exaggerations About the US Economy Right Now

Sometimes there are economic narratives that don’t quite deserve a debunking — they have more than a kernel of truth to them — but rather demand an appropriate level of skepticism. Three such stories ... Read More

Fed's Powell says economy may be on firmer footing, but job market weak

The U.S. labor market remained mired in its low-hiring, low-firing doldrums through September, though the economy "may be on a somewhat firmer trajectory than expected," Federal Reserve Chair Jerome ... Read More

Major bank raises red flag on US economy — warns of 93% chance of recession based on ‘hard data.’ Here are 5 crucial money moves you need to make now

In tough economic times, everyone’s looking for financial advice they can take to the bank. It’s not as fun, though, when the bank talks back — especially if it’s delivering a major recession warning. 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

Would a government shutdown hurt the economy? Experts explain

The federal government is hurtling toward a possible shutdown Tuesday night. The federal government is hurtling toward a possible shutdown at a delicate moment for the nation's economy, as a hiring ... Read More