The report cautions tariffs are driving inflation higher and says companies are grappling with whether to pass the costs to consumers.
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It’s not all sunshine and roses, however, with economists still flagging rising inflation and a weakening labor market going forward.
Whatever they say, consumers’ actual spending has remained rock solid, even if sentiment is yet to return to prepandemic levels.
In a speech in Rhode Island, Jerome Powell reminded Wall Street and the world that The Fed remains in a “challenging situation.”
The return-to-office orders have taken on new weight amid a softening labor market and broader economic anxiety.
Morgan Stanley analysts think the US economy has been in a “rolling recession” since 2022 — and it may already be almost over.
On the other hand, the market slowdown is — ever so incrementally — taking a toll on house prices, according to Zillow forecasts.
The economy added just 73,000 jobs in July, according to the Labor Department, well below the expectations of economists surveyed.
AI is moving into jobs in food services and retail traditionally best left to humans. Can the imperfect tech give customers what they want?
The S&P 500’s recent record high marked an encouraging sign that markets are no longer all that concerned with worst-case trade war scenarios.
Staffing shortages, shrinking funding and decades of declining survey responses are testing an agency responsible for vital US economic data.
For the first time in decades, recent college grads have a higher unemployment rate than the rest of the economy.
The surprising news comes just ahead of an all-important jobs report from the Labor Department due out Friday.
New Conference Board data released Tuesday showed US consumer confidence down for the fourth straight month.
The Department of Labor was granted a 60-day pause by a federal judge to review its appeal in two court cases.
“We can keep the human part for the value-added things, meaning building relationships,” said Maki CEO.