economic

Photo by Jaap Arriens/NurPhoto via Getty Images (NEW YORK) — Stock market gyrations this week came after a disappointing jobs report stoked concerns about an economic slowdown. The uncertainty drew heightened attention as the U.S. speeds toward this fall’s presidential election. However, the economy has been gradually cooling for months, alongside falling inflation. The U.S. […]

Anton Petrus/Getty Images (NEW YORK) — The U.S. economy shattered expectations in recent weeks, extending a run of overachievement that has quieted some of the most skeptical economists. Americans, however, remain sour. Less than 3 in 10 adults rate current economic conditions as “excellent” or “good,” a Pew survey last month found. The dynamic holds […]

Javier Ghersi/Getty Images (NEW YORK) — U.S. economic growth accelerated over three months ending in June, blowing past economist expectations and rebuking concern about a possible recession. The U.S. gross domestic product grew by a 2.4% annualized rate to finish the first half of 2023, according to government data released Thursday. The results mark an […]

Javier Ghersi/Getty Images (WASHINGTON) — The U.S. economy slowed at the start of 2023, suggesting that an aggressive series of interest rate hikes at the Federal Reserve has cooled business activity even as the stock and job markets have made gains. U.S. gross domestic product grew by a 1.1% annualized rate over the three months […]

Javier Ghersi/Getty Images (WASHINGTON) — Investors, business leaders and everyday Americans will be keeping a close watch on the release of gross domestic product data on Thursday, as inflation eases but recession fears still loom. The data for the final three months of 2022 will show whether the economy continued to expand or reverted back […]