Wealthy American wallets to take momentous hit from US recession
Forbes Media CEO Steve Forbes warns of the likely possibility of a "richcession" creating "rough economic times" and "turbulence" ahead for wealthy Americans.
Americans see inflation cooling further over the next year, NY Fed survey shows
U.S. households are becoming more optimistic about inflation, with consumers seeing prices falling to 5% one year from now, the lowest level since July 2021.
Job growth and wages slip in December but remain above Fed target
The economy added 223,000 jobs in December, a slight decrease from the previous month. Here's what that means for you.
US job growth cools slightly in December as economy adds 223,000 new positions
The Labor Department's December jobs report provided a key snapshot of the labor market's health amid growing fears the U.S. is headed for a recession.
December jobs report expected to show hiring cooled last month but remained strong
The Labor Department's December jobs report will shed light on the health of the labor market in the final month of 2022 when it is released on Friday.
US faces increased stagflation threat in 2023 after wave of government spending
The U.S. economy could face a 1970s-style stagflation crisis in 2023 as it confronts still-high inflation, rising unemployment and slow economic growth.
Markets in for a 'rude awakening': expert
Strategic Wealth Partners CEO Mark Tepper discusses the outlook for the markets and the impact from the Fed's management of inflation on "Mornings With Maria."
Private sector job growth jumps by 235,000 in December, beating expectations: ADP
Private companies hired 235,000 workers in December despite growing concerns that the Federal Reserve will trigger a recession with its war on inflation.
Ex-Fed Chair Alan Greenspan sees a US recession as the ‘most likely outcome’
CIO for Wealth and Investment Management Darrell Cronk reacts to the former Federal Reserve Chair Alan Greenspan saying that a U.S. recession is likely.
Fed officials expect to keep interest rates elevated for 'some time,' minutes show
Minutes from the Federal Reserve's December meeting show that policymakers expect to continue raising rates in 2023 – and keep them elevated for "some time."
Job openings remain elevated in November despite Fed efforts to cool labor market
The Labor Department reported on Wednesday that there were 10.5 million job openings at the end of November, a sign the labor market remains very tight.
US home price gains fall sharply in November as rising mortgage rates cool housing market
Home prices rose 8.6% in November, according to new CoreLogic data, the smallest gain in two years as high mortgage rates exclude prospective homebuyers.
Stock market kicks off 2023 with start of 'lost decade,' expert warns
Sound Planning Group CEO David Stryzewski says the economy's growing Federal Reserve, bond market and real estate bubbles mark the start of the "lost decade."
US headed for recession and another inflation spike in 2023, famed investor Michael Burry says
The U.S. economy is likely poised to tumble into a recession and experience another inflation surge in 2023, according to hedge fund investor Michael Burry.
US new home sales unexpectedly increase in November for second straight month
Mortgage rates have more than doubled over the past year, pushing many prospective homebuyers out of the market, even as home prices remain near a record-high.
Fed's preferred inflation gauge cooled in November, but prices remained stubbornly high
Inflation showed signs of cooling last month, a welcoming sign for the Federal Reserve as it tries to cool consumer prices with higher interest rates.
Economic index falls for ninth straight month, flashing recession warning
The Conference Board's Leading Economic Indicators index fell for the ninth straight month, signaling that a recession is looming on the horizon in the U.S.
GDP revised upward for Q3, but economic uncertainty remains
GDP estimate revised upward for the third quarter, but Americans are still concerned about inflation, high interest rates and a possible recession.
US economy faces turbulent 2023 as recession fears grow
The U.S. economy is likely headed for a recession in 2023 as a result of the Federal Reserve's fight to kill inflation with steep interest rate hikes.
US economic growth revised up to 3.2% in third quarter in show of resiliency
The U.S. economy expanded in the third quarter after shrinking in the first half of the year, but economists remain worried about a recession in 2023.