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

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

Upper-income Americans are doing better, while low- and moderate-income households are falling behind. Why does that matter? 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

Here's why everyone's talking about a 'K-shaped' economy

So what does it mean? Simply put, the upper part of the K refers to higher-income Americans seeing their incomes and wealth rise while the bottom part points to lower-income households struggling with ... 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

What is stagflation? How about a K-shaped economy? Definitions of economic terms

Here’s a set of definitions for common and emerging economic and fiscal terms often seen bandied about in news reports. Read More

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

You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. Follow Jennifer Sor Every time Jennifer publishes a story, you’ll get an alert straight to your inbox! Read More

K-shaped economy and inflation boost Black Friday sales by 4.1% from last year, online spending jumps 9.1%

US retail sales on Black Friday, the busiest shopping day of the year, climbed 4.1% compared with last year, according to data released Saturday by Mastercard SpendingPulse. Online shoppers alone ... 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

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

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

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

There are two things going on in the economy that are preventing Mohamed El-Erian from getting a good night's sleep. The famed economist and chief economic advisor at Allianz spoke about his biggest ... Read More