Economy News Summer Slowdown Could Be In The Cards For The Economy

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

Federal Reserve Chair Jerome Powell says that a sharp slowdown in hiring poses a growing risk to the U.S. economy ... Read More

Hold Up! Fed Chair Jerome Powell Just Issued a Dour Warning on the Economy. Is the Bull Market in Trouble?

Is the current bull market, which began three years ago on Oct. 12, 2022, in trouble? If you've been listening to the most important economic policymaker on the planet lately, you might have come to ... Read More

What could a potential government shutdown mean for the economy?

The federal government is hurtling toward a possible shutdown at a delicate moment for the nation's economy, as a hiring slowdown stokes recession fears and inflation proves difficult to fully contain ... Read More

Key takeaways from the latest Fed meeting

US stocks closed mixed Wednesday after Fed Chair Jerome Powell indicated twice during a news conference ... scenarios that could kick off rate cuts, including a scenario in which inflation resumes its ... Read More

U.S. economy still struggling to adjust to tariffs, S&P finds, and there's one big danger sign

Trade wars have died down, giving the economy a chance to recover from a recent slowdown. The worst damage to the U.S. economy from the trade wars might be over, but businesses are still adjusting to ... Read More

The Economy Shrugged Off Past Government Shutdowns, But This One Could Be Different

The last few times the U.S. government shut down for days on end, the U.S. economy and financial markets emerged on the other side unscathed. But President Donald Trump's threat to fire federal ... Read More

Global Economy in Flux, Prospects Remain Dim

While the near-term forecast is revised up modestly, global growth remains subdued, as the newly introduced policies slowly come into focus The global economy is adjusting to a landscape reshaped by ... Read More

Business news live: UK economy grew 0.3% in second quarter but production in damaging decline

UK economy grew 0.3% in second quarter but production in damaging decline - The Office for National Statistics (ONS) said there was zero growth in gross domestic product (GDP) month on month in July ... Read More

Would a government shutdown hurt the economy? Experts explain

The federal government is hurtling toward a possible shutdown Tuesday night. The federal government is hurtling toward a possible shutdown at a delicate moment for the nation's economy, as a hiring ... 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

UCLA forecasts ‘stagflation-lite’ economy with higher inflation and unemployment

This is read by an automated voice. Please report any issues or inconsistencies here. The U.S. economy will be hampered in the coming months by the Trump administration’s tariffs, which along with ... Read More

CBS News poll finds negativity on economy, job market and concerns about AI's impact

Anthony Salvanto, Ph.D., is CBS News' executive director of elections and surveys. He oversees the CBS News Poll and all surveys across topics and heads the CBS News Decision Desk that estimates ... Read More