Economy News Growth Plus Inflation Economy Is A ‘lose Lose’ For Biden

Consumer spending stalled in September as inflation remained stubborn

The last piece of official inflation data to land before the Federal Reserve’s policymaking meeting next week was a shutdown-delayed report that showed the pace of price hikes remained stubborn in ... Read More

4 reasons the economy's worst-case scenario could be looming in 2026

Stagflation looks increasingly likely in 2026 as the economy looks on track to grow below-trend while inflation runs "uncomfortably" hot, RBC said. Read More

Despite US trade war, OECD expects global economy will grow 3.2% this year

The world economy has proven surprisingly durable in the face of President Donald Trump's trade wars, the Organization for Economic Cooperation and Development said Tuesday, upgrading its outlook for ... Read More

Government shutdown blocks key GDP data release – what do the Fed's models say about economic growth?

The ongoing government shutdown delayed the release of the Commerce Department's initial estimate of the third-quarter gross domestic product (GDP), as other data sources suggest solid economic growth ... 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

Fed's Powell addresses economy pulled between risks to growth, jobs and prices

Fed chair speaks at 12:20 EDT/1620 GMT Investors expect quarter point cuts at coming meetings Tariff, immigration shocks still being processed by firms PHILADELPHIA, Oct 14 (Reuters) - Federal Reserve ... Read More

US economy may lose up to $14 billion due to government shutdown standoff, CBO warns

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

You're living in a "K-shaped" economy. Here's how that affects you.

To understand how Americans are faring economically these days, it's helpful to consider the eleventh letter of the alphabet. Experts describe the current U.S. economy as "K-shaped," a reference to ... Read More

Inflation Divides: Wealthy Gain, Workers Lose

“If prices rise by 10%, the purchasing power of ordinary people decreases by 10%. This is because more money is needed to buy the same goods. However, if you are a wealthy individual, you might not ... Read More

Trump faces backlash on economy as inflation rises

President Trump is facing growing pressure over his handling of the economy as inflation rises, the job market weakens and American exporters suffer backlash from his trade agenda. Federal data set to ... Read More