‘Bidenomics’ Is a Tough Sell for the White House
With inflation falling and households finally seeing rising incomes in real terms, the U.S. economy continues to chug along, much to the surprise of...
Recession Odds Are Falling Fast, Economists Say
Economists at Goldman Sachs on Monday cut their forecast probability of a U.S. recession in the next 12 months from 25% to 20%. “The main reason for...
Biden Administration Announces $39 Billion in Student Debt Relief
The Biden administration announced Friday that will wipe out a total of $39 billion in federal student debt for more than 800,000 borrowers. The...
Inflation Drops to Lowest Level in 2 Years
The latest inflation numbers provided a pleasant surprise Wednesday, as the Bureau of Labor Statistics reported that the consumer price index in June...
Hiring Softens in June
The labor market expanded again in June as employers hired 209,000 people, the Bureau of Labor Statistics announced Friday. The numbers were something...
Biden to Focus on Economy as Campaign Heats Up
As his reelection campaign shifts into a higher gear, President Joe Biden aims to convince voters that the economy is doing just fine, thanks in large...
The U.S. Population Is Older Than Ever
The median age of the U.S. population reached 38.9 years in 2022, according to data published Thursday by the U.S. Census Bureau. On an upward trend...
Fed Pauses Rate Hikes but Says More Are Coming
The Federal Reserve on Wednesday announced that it would hold interest rates steady for now, as officials declined to raise the central bank’s...
Inflation Cools as Fed Mulls Pause in Rate Hikes
Consumer prices in May registered their smallest increase in more than two years, sending a dovish signal to Federal Reserve officials as they...
Jobs Growth Blows Past Expectations in May
U.S. employers added 339,000 jobs in May, the Labor Department reported Friday, blowing past expectations while signaling that the job market remains...