Whatever they say, consumers’ actual spending has remained rock solid, even if sentiment is yet to return to prepandemic levels.
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New private sector data that suggests the labor market is hurting may become especially influential with Bureau of Labor Statistics data likely on hold amid the government shutdown.
An interest rate cut would mean a lot of things: one undoubtedly good one would be a housing market more welcoming to buyers.
The Federal Reserve is poised to cut interest rates this week, but whether the era of “higher-for-longer” rates is over is another matter.
Morgan Stanley analysts think the US economy has been in a “rolling recession” since 2022 — and it may already be almost over.
The latest jobs report appeared to confirm that America’s labour market is slowing, which may clinch the rate cut markets are salivating over.
An index of sales prices rose at its fastest pace in three years as tariffs wound their way into the supply chain.
The economy added just 73,000 jobs in July, according to the Labor Department, well below the expectations of economists surveyed.
Prospective homebuyers and sellers are in a holding pattern, as persistently high mortgage rates and prices keep them from making moves.
The big US banks bested Q1 earnings expectations, and many observers expect big boosts to their Q2 trading desk revenues.
Staffing shortages, shrinking funding and decades of declining survey responses are testing an agency responsible for vital US economic data.
The surprising news comes just ahead of an all-important jobs report from the Labor Department due out Friday.
Keeping track of the Trump’s on-and-off tariff strategy was hard enough — and now the judicial system is having their turn at the switch.
You can’t bounce back without first getting low. And, in April, consumer confidence according to the Conference Board got real low.
Travelers are expected to spend $12.5 billion less on trips to the US this year, while the rest of the world is about to see a tourism boost.
Treasury Secretary Scott Bessent laid out how he believes trade policy, tax cuts and deregulation will bolster US economic growth.