Economy News The Us Economy Is In A Selective Recession As Lower Income Consumers Can T Cover The Cost Of Living, Jpmorgan Says

US Economy at Risk of Wobble as Lower-Income Consumers Get Squeezed

WASHINGTON (Reuters) -The U.S. consumer's durability as a prop for the economy may be tested in coming weeks as family budgets, particularly among the less affluent, are stressed by rising healthcare ... Read More

No recession risk for US economy as a whole after $11 billion shutdown hit, Bessent says

Treasury Secretary Scott Bessent on Sunday said the 43-day government shutdown caused an $11 billion permanent hit to the U.S. economy, but he was optimistic about growth prospects next year given ... Read More

Are we in a K-shaped economy? Delayed employment numbers could reveal recession odds

The gap between the richest and poorest Americans is widening in what Fed Chair Jerome Powell called a 'bifurcated economy.' Here's the breakdown. Read More

Here’s what the latest inflation and spending data reveals about the US economy

Key monthly metrics from the US government continue to be released now that the shutdown has ended. Next up: September wholesale inflation and retail sales. Read More

Does the U.S. have a 'K-shaped economy'? What it means for you.

On the right side, you can see the upper diagonal heading up, while the one on the bottom falls to the ground. Now substitute upper-income Americans for the topmost diagonal, heading up and away, and ... Read More

'A little concerning': 2 crucial consumer groups under pressure are a warning sign for US economy

The strain on lower-income and younger Americans is becoming harder to ignore. This past week, the Federal Reserve and restaurant chain Chipotle (CMG) became the latest to nod to a split US economy. Read More

Bessent says US housing market in 'recession' due to Federal Reserve interest rate policies

Treasury Secretary Scott Bessent said the U.S. housing market is one subset of the economy that may be in recession because of high interest rates as he continues to call for the Fed to cut rates. 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

What is the K-Shaped Economy, And Why Is It a Problem?

After years of narrowing wage inequality, the workplace has become a tale of two economies again. This time, unlike in the postpandemic period, trends favor the top 25% of the U.S. workforce, whose ... Read More

Investing legend Mohamed El-Erian says he's kept up at night by 2 big problems with the US economy

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