Economy News Economy Struggling With High Interest Rates And Stubborn Inflation

Banks see a resilient American economy despite unknowns with tariffs, inflation

While there are still uncertainties amid a struggling labor market that could slow down the economy, most bank leaders see the U.S. economy in a strong position, powered by consumers who ... Read More

Wealthy Americans Are Spending. People With Less Are Struggling.

Data show a resilient economy. But that largely reflects spending by the rich, while others pull back amid high prices and a weakening labor market. Read More

Federal Reserve leaves interest rates unchanged despite stubborn inflation

The Federal Reserve left interest rates unchanged on Wednesday, despite stubborn inflation that has resisted the central bank's fight to cool price increases. The move allows previous rate increases ... Read More

Credit Scores Dip at Fastest Rate Since Great Recession as Americans Grapple with Student Loans and High Prices

The national credit score average dropped by two points, the fastest decrease since 2009, a new FICO report revealed. Americans are struggling to navigate the restart of student loan payments and high ... 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

With inflation and jobs in ‘tension,’ Powell warns of the Fed’s tightrope on interest rates

The Federal Reserve is doing a difficult balancing act, trying to tamp down inflation while also lifting up the job market, Chair Jerome Powell said Tuesday. Read More

Wall Street got the rate cut it wanted. Can the optimism last?

The stock market is shrugging off worries about a weakening labor market and stubborn inflation, instead embracing a much-anticipated interest rate cut. That optimism still has room to run, analysts ... Read More

UCLA forecasts ‘stagflation-lite’ economy with higher inflation and unemployment

The UCLA Anderson Forecast released Wednesday predicts economic growth will slow next quarter as the costs of the Trump administration's tariffs fully take hold, leading to a 'stagflation-lite' ... Read More

Inflation Meets Expectations in August, Keeps Fed on Track to Lower Interest Rates

An inflation metric closely followed by the Federal Reserve rose by 0.3% in August, in line with forecasts, the Bureau of Economic Analysis said on Friday. That brought the annual pace of the personal ... Read More

Fact checking Trump's recent claims about the economy

Washington — President Trump frequently touts a U.S. economy that's on the rise under his stewardship: he talks about energy and grocery prices that are falling, lower mortgage rates and claims he's ... 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