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Personal saving sinks and economic growth slows in last GDP report before election
Consumer spending, which accounts for about two-thirds of GDP, was up 3.7% in the third quarter.
US economy grows faster than expected, Fed on track to finally cut rates
Second-quarter GDP received a boost from consumer spending and business investment. The housing market recovery, however, regressed and was a small drag on the economy.
Wall Street is going toward a straight free fall -- no one knows what's going to happen with the market
Talk to enough Wall Street executives and you come away with something very unsettling: No one knows what’s going to happen with markets and, by extension, the economy — and...
Economy grew just 1.3% last quarter, consumer spending was weaker than expected
The first quarter’s GDP growth marked a sharp slowdown from the vigorous 3.4% rate in the final three months of 2023.
Trump camp warns 'stagflation' on the way after disappointing GDP report: 'Numbers are very bad'
The Commerce Department’s Bureau of Economic Analysis released the troubling statistic, which came in far under the 2.4% forecast by economists.
US economy cools as GDP growth hits lowest level since 2022 , inflation remains sticky to send Dow spiraling
Fresh data released Thursday morning showed that he US economy's growth slowed to 1.6% in the first three months of 2024, sending markets into a tailspin.
Citadel CEO Ken Griffin says politicians spending 'at the expense of future generations' as US debt hits new heights
"It is irresponsible for the US government to incur a deficit of 6.4% when unemployment is hovering around 3.75%," Griffin wrote.
Fed's preferred inflation gauge rose 2.8% in February -- reducing hopes for quicker rate cuts
The numbers were in line with analyst expectations -- making it more likely that the central bank will keep interest rates at their current levels.
Economy expanded faster than expected on boost from shoppers, strong job market
Gross domestic product increased at a 3.4% annualized rate last quarter, revised up from the previously reported 3.2% pace.
No, Joe, illegal immigrants didn't build America
The idea that a fraction of all immigrants “built the country” is a ridiculous fabrication and a profound insult to American workers, past and present.
The Fed plans to cut interest rates despite persistent inflation — and the American people could lose big
If Jerome Powell cares about his legacy, he will withstand political pressure and focus on his job.
Fed's preferred inflation gauge hit lowest level in 3 years in December
The latest data is likely to whet the appetites of Wall Street investors who are eagerly anticipating interest rate cuts by the Fed this year.
US economy grew a surprisingly strong 3.3% in year's end, far better than expected
The economy has repeatedly defied predictions that the Fed’s aggressive rate hikes would trigger a recession.
Growth doesn't cause inflation — but the Fed won't push to curb government spending that does
Repeat after me, class: Growth does not cause inflation. Write it on the blackboard 100 times.
Weekend-at-Bernie's economy: Why Biden 'success' leaves America cold
Something doesn’t add up about the Biden economy.
Economy grew faster than thought in Q3, but ominous signs ahead
In the current fourth quarter, though, economists say growth is likely slowing sharply from the cumulative effects of higher borrowing rates on consumer and business spending.
GDP report shows US economy grew a strong 4.9% in the latest quarter as Fed mulls rate hikes
The US economy grew a stellar 4.9% from July through September, driven by robust consumer spending despite the Federal Reserve's efforts to slow the economy with high interest rates.
US economy manages to grow in Q2 despite Fed hikes — but at slower pace
The American economy has proved surprisingly durable in the midst of the Fed’s aggressive campaign to stamp out a resurgence of inflation.
US economy defies predicted second-quarter slowdown as GDP grows 2.4%
Outside the housing market and manufacturing, the economy has largely weathered the rate hikes from the Fed since March 2022 as the central bank battles inflation.
GDP growth slowed sharply in latest quarter amid Fed rate hikes
The slowdown reflects the impact of the Federal Reserve’s aggressive drive to tame inflation.