Job Openings Rise in July, Giving Fed Room to Stay Aggressive
U.S. businesses reported 11.2 million job openings at the end of July, according to data released by the Labor Department Tuesday. Although the labor...
Powell Says Fed’s Inflation Fight Will ‘Bring Some Pain’
Federal Reserve Chair Jerome Powell said Friday that the central bank intends to continue its aggressive battle against inflation and warned that the...
Recession? The Economy May Actually Have Been Growing Early This Year
Did the U.S. economy enter a recession this past spring or not? The question has been the subject of much partisan political debate, though economists...
72% of Economists Expect a Recession by Mid-2023: Survey
The Federal Reserve is still aiming to rein in inflation without causing a recession, but many economists think that a significant slowdown is more...
Inflation Cools in July, but Probably Not Enough to Change the Fed’s Course
Consumer prices held steady in July compared to the month before, as the Consumer Price Index rose 0% during the month, the Bureau of Labor Statistics...
What Recession? Jobs Growth Surges in July
The red-hot job market added a few degrees of heat in July as payrolls grew by 528,000, the Labor Department reported Friday, smashing expectations...
US Economy Shrinks Again: Recession or Not?
Gross domestic product fell at an annual rate of 0.9% in the second quarter, the Bureau of Economic Analysis announced Thursday in its preliminary...
Fed Announces Second Big Rate Hike in Row
The Federal Reserve on Wednesday raised its benchmark interest rate by three-quarters of a percentage point, to a range between 2.25% and 2.5%...
Recession? Reconciliation? A Big Week for Biden
Is the United States in a recession, or heading for one? Is red-hot inflation going to cool down? Just how far is the Federal Reserve going to go in...
3 Views on Recession
"There are many reasons why we are going to have a severe recession and a severe debt and financial crisis. … The idea that this is going to be short...