Biden Warns GOP Agenda Would Bring Chaos
As Republicans and Democrats gird for a prolonged fight over the debt ceiling, President Biden on Thursday attacked the GOP for ideas that he said...
No Recession Yet: Economy Grew 2.1% in 2022
Plenty of people from Wall Street to Main Street are worried about a possible recession, but data released Thursday showed that the U.S. economy...
Inflation Drops to Lowest in More Than a Year
In the first deflationary reading since the early days of the Covid-19 pandemic, the headline consumer price index fell 0.1% in December on a monthly...
'Goldilocks’ Jobs Report Boosts Hopes for Soft Landing
The latest jobs report shows that the U.S. labor market is still going strong, even as slowing wage growth bolsters hopes that the Federal Reserve can...
Greenspan Sees Recession Ahead
Former Federal Reserve Chairman Alan Greenspan thinks the economy is headed for a rough patch. “A recession does appear to be the most likely outcome...
McCarthy Goes 0 for 6 as GOP Chaos Caucus Digs In
Groundhog Day is just over four weeks away, but Wednesday sure felt like it in the House of Representatives. For the second day in a row, Rep. Kevin...
Fed Officials Expect to Maintain Tough Stance on Inflation for ‘Some Time’
At their most recent meeting in December, officials at the Federal Reserve made it clear that they remain committed to their effort to reduce...
Charts of the Day: Will There Be a Recession in 2023?
Economists are starting the new year facing the same big question they’ve been batting around for months: Are we headed for a recession? Most analysts...
Inflation Shows Signs of Cooling as We Head Into 2023
Inflation showed further signs of easing in November, as the personal consumption expenditures (PCE) price index rose just 0.1% on a monthly basis and...
Fed Announces Smaller Rate Hike, Sees More Increases Ahead
The Federal Reserve on Wednesday raised its key interest rate by 50 basis points, to a range between 4.25% and 4.5%, the highest level in 15 years...