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

The K-shaped economy has come for your wages, as lower-income Americans sees their gains plummet to the weakest rate in a decade

A decade ago, low-income Americans saw the highest income growth, Apollo chief economist Torsten Slok said. Today, the opposite is true. 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

US Firms Grapple With Economic Divide as Lower Income Struggles Mount

(Reuters) -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. Executives at bellwethers ... Read More

This vital ingredient suggests the U.S. economy is still faring OK - with no recession brewing

Americans are still going out to eat despite rising worries about the economy. When the U.S. economy shows sign of stress, one of the first things Americans strike from their budgets are takeout ... Read More

Could the government shutdown tip the US into a recession? Experts weigh in

The U.S. economy remains largely unscathed but pressure could mount. The U.S. economy remains largely unscathed by the government shutdown, but the nation could risk economic peril if the impasse ... 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