Economy News Affluent Americans Are Driving Us Economy And Likely Delaying Need For Fed Rate Cuts

This burrito is everything you need to know about America’s economy

America’s economy and stock market keep growing, buoyed by robust consumer spending and AI mega-growth. But hiring is at a standstill, inflation is rising, loan defaults are abundant and Americans ... Read More

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

WASHINGTON — A sharp slowdown in hiring poses a growing risk to the US economy, Federal Reserve chair Jerome Powell said Tuesday, a sign that the Fed will likely cut its key interest rate twice more ... Read More

US firms grapple with economic divide as lower income struggles mount

U.S. companies across industries are feeling the squeeze from the deepening split between lower-income and affluent consumers as tariffs pile on more uncertainty. Read More