Economy News The U S Economy May Be Cooling — And Helping To Tame Inflation, Too

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

Americans plan to spend big this holiday season even as they fret about the economy, Visa finds

Americans are expected to open their wallets this holiday season, increasing their gift budgets even as a slowing job market and stubborn inflation weigh on consumer confidence, according to a new ... Read More

The Fed still hasn’t defeated high inflation. Has it failed?

The Federal Reserve stepped in last month to safeguard America’s labor market, cutting rates by a quarter point to shore up a slowdown in hiring. But it has another equally important problem still to ... Read More

White House touts latest report showing inflation ‘cooling’

White House touts latest report showing inflation ‘cooling’ National Economic Council Director Kevin Hassett joins 'America’s Newsroom' to discuss a new report showing inflation cooling, the latest on ... Read More

Fed's Barkin flags growing tension between inflation fight, cooling job market

Federal Reserve Bank of Richmond President Tom Barkin said Tuesday that the U.S. central bank is feeling pressure on both sides of its dual mandate, with inflation still running above target and job ... Read More