Goldman Sachs economists raise 'limited' risk of US recession to 25% chance: report
Goldman Sachs economists upped the probability of the U.S. economy entering a recession in the next year to 25%, though they noted they still see "recession risk as limited."
The July jobs report just triggered a reliable recession indicator
The July jobs report triggered the "Sahm rule," which is closely monitored by Wall Street, because it has been a historically accurate recession indicator.
GDP surges by 2.8%, raising expectations for interest rate cuts
An increasing GDP is a good sign there will be multiple rate cuts before the end of the year.
Stocks could fall 30% as US heads for a deep recession, analyst warns
A new analyst note from BCA Research suggests the S&P 500 could slide as much as 30% within the next year as the U.S. economy enters a deep recession.
Inflation rises as gas prices and housing costs tick up, leaving Americans concerned
Inflation rose in February, leaving the Federal Reserve uncertain about future rate hikes.
JPMorgan CEO Dimon cautious about soft landing for economy
JPMorgan Chase CEO Jamie Dimon said he remains cautious about the prospects for the U.S. economy to have a soft landing but that market sentiment is improving.
Majority of Americans feel US economy is in recession: survey
Despite what the experts say, most Americans across incomes and generations believe the U.S. economy is in a recession, according to a recent Bankrate survey.
Economy to slow in 2024, economists see 50% recession odds: NABE
Overall U.S. economic growth or GDP has been red hot through the third quarter, but economists are warning that a brisk cooldown is on the way and may be a headwind in 2024.
Consumers plan to increase spending this holiday season: survey
Shoppers across all income levels plan to spend more this year for the holiday, a recent Deloitte survey said.
First-party delivery fraud becomes an inflation driver in USA
A recent survey by Socure shows not saying you received a package when you did now cost U.S. merchants and financial institutions over $100 billion a year while driving inflation.
Impending US population decline could lead to another depression, more inflation: Experts
Experts warned that a reduction in the U.S. population by 2100 could have negative economic outcomes, including recession, inflation and a loss of GDP.
US accounting giant to lay off more of its workforce
Grant Thornton LLP, one of the largest accounting firms in the United States, will lay off 200 employees over recession fears. The latest round follows 300 this summer.
GDP surges past expectations in Q3, recession less likely
An uptick in consumer spending helped the U.S. economy grow in the third quarter and increased the odds of a soft landing.
Many Americans preparing for a recession despite signs that say otherwise: survey
Americans cut back on spending even as the odds of a U.S. economic recession decrease, a recent survey said.
Mild recession still in the cards for U.S. economy but not until 2024: Fannie Mae
Fannie Mae is predicting a mild recession for the U.S. economy in the first half of 2024 but has upgraded its gross domestic product (GDP) and inflation outlook.
The 'Bond King' warns US consumers are headed down 'a death spiral'
Billionaire investor and 'The Bond King' Jeffrey Gundlach says economic indicators are "strongly suggestive" of a recession in the first half of next year.
Fed pauses interest rate hikes in September but could raise rates again this year
The Federal Reserve paused interest rates in its September meeting. But inflation remains high as Americans deal with record credit card debt. Here’s what to do.
Recession could hit in October if unemployment rises slightly: mathematical model
If the unemployment rate rises slightly this month, it could mean a recession in October, according to a mathematical model that correctly signaled the 2020 recession. But economists are split about the likelihood of a recession this year. Here’s what you need to know.
US recession remains 'more likely than not,' Deutsche Bank warns
The U.S. economy is likely to tumble into a recession within the next year as inflation remains uncomfortably high, according to Deutsche Bank analysts.
August jobs report is another strong one, but signs of cooling emerging
August's job growth was seen across several industries, primarily driven by health care, leisure and hospitality, social assistance and construction jobs, according to the Bureau of Labor Statistics.