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.
Goldman Sachs cuts US recession odds next year to 15%
Goldman Sachs economists lowered their probability of a U.S. recession within the next 12 months to just 15%, citing better-than-expected economic data.
Housing market to provide a "downside cushion" for US economy: Fannie Mae
Fannie Mae said it continued to expect a modest recession beginning in the fourth quarter of this year or the first quarter of 2024, but a strong housing market would provide a "downside cushion."
Americans over age 55 plan to delay retirement: survey
Nearly two-thirds of working Americans who are at least 55 years old said they’ll delay retirement, a survey found. And those saving for retirement are doing so in a time of stubborn inflation and recession fears.
GDP registers larger than expected gain in Q2, quieting concerns of a recession
Growth in the economy as measured by gross domestic product (GDP) increased in the second quarter, suppressing fears of a recession. It could push the Federal Reserve to continue raising rates to lower inflation in the months to come.
Economists still see 50% chance of a recession this year
A majority of business economists believe the odds of a recession within the next 12 months are at 50% or less, according to a survey published by NABE.
High interest rates take a toll on America's finances: Allianz
Interest rates have impacted the finances of 61% of Americans, an Allianz survey found. Some experts predict the Fed will raise interest rates again in July as inflation has not cooled to its target range.
Goldman Sachs trims US recession odds next year to 20%
Goldman Sachs economists lowered their probability of a U.S. recession within the next 12 months to just 20%, citing better-than-expected economic data.
Yellen warns of 'negative spillover' from China's economic slowdown
Treasury Secretary Janet Yellen warned that China's economic slowdown risks "negative spillovers" into the U.S., but maintained a recession is unlikely.
Gas prices fall slightly despite holiday demand increase
The average price for a gallon of gas was $3.52 for the week ending July 6, AAA reported. And overall lower gas prices are encouraging Americans to seek road trips this summer. But inflation, high interest rates and recession fears may hold them back.
Recession expected by end of 2023: Fannie Mae
A recession is likely in 2023, Fannie Mae forecasted. And the Fed may continue to raise interest rates after its June pause, despite projections that inflation will continue to cool.
GDP increased in Q1 2023, but experts forecast recession
In Q1 2023, real gross domestic product (GDP) increased 2% annually, but some experts forecast recession by the end of the year. Still, many Americans say they have a plan to weather a financial crisis.
KPMG cutting 5% of its US workforce
KPMG will reportedly shed around 5% of its U.S. employees amid economic headwinds and historically low attrition, a spokesperson for the Big Four accounting giant said on Monday.