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

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 costs, the potential ... Read More

Is US Economy Facing Recession? What US Treasury Secretary Scott Bessent Said

US Treasury Secretary Scott Bessent said parts of the US economy, especially the housing sector, are already in recession due to high interest rates. He urged the Federal Reserve to speed up rate cuts ... Read More

Government shutdown hasn’t left US consumers glum about the economy – for now, at least

(The Conversation is an independent and nonprofit source of news, analysis and commentary from academic experts.) Joanne Hsu, University of Michigan (THE CONVERSATION) The ongoing federal shutdown has ... Read More

Bessent says high US interest rates may have caused housing recession

Parts of the U.S. economy, particularly housing, may already be in recession because of high interest rates, U.S. Treasury Secretary Scott Bessent said Sunday, repeating his call for the Federal ... Read More

US hiring fell sharply in July, an unexpected setback for the economy stoking recession fears

The U.S. economy suffered an unexpected setback in July as hiring fell sharply and the unemployment rate rose for the fourth straight ... Read More

Consumer sentiment is back to near-record lows. But Americans are still spending. Here’s why

Americans are souring on the economy again to levels seen rarely in the post-World War II era, raising the question of what it means for spending, economic growth and other key metrics gauging the ... Read More

The U.S. economy grew more than thought in the second quarter

Data released Thursday reflects the resilience of the U.S. economy, even as concerns about the job market and inflation persist. U.S. economic growth, or the gross domestic product (GDP), reached 3.8% ... Read More

Hot dogs, camping trips and cardboard boxes: What these non-scientific indicators tell us about the economy

Gray’s Papaya hot dog restaurant in Manhattan has served up beef franks to the hungry and frugal masses for the past five decades. But the bustling business off 72nd and Broadway isn’t just an iconic ... Read More

The economy is flashing red for many American consumers (Editorial)

Take it from a guy who made more than $30 million last year: Low-income consumers are “living on the edge.” So says Charlie Scharf, chief executive of the Wells Fargo bank, citing data that indicate ... Read More