The August job vacancy data is the latest evidence that the economy accelerated in the second half of the year, defying expectations that interest rate hikes would be a drag on growth.
The U.S. manufacturing sector’s worst days appear to be behind it.
By many of the most reliable leading indicators of the U.S. economy, we are long overdue for a recession. Yet the economy stubbornly refuses to cooperate.
The economic tide keeps rising even though the Fed has declared it is time for an ebb
Republican presidential candidate Vivek Ramaswamy predicts a recession in 2024, telling Tucker Carlson on his eponymously named show, “Tucker on Twitter,” that it will lead to frustration among Americans, which he says could trigger either a positive and “creative” revolution for having endured the hardships or a negative and “destructive” one.
But the index of coincident economic indicators say conditions still favor growth.
A clear sign of a recession for most folks is that the stuff they need is increasingly financially out of reach, and whether that’s because jobs are scarce or prices are soaring probably does not matter that much.
The Manufacturing Recession May Have Hit Bottom A few months ago, we were among the first to notice that the housing downturn appeared to have ended. Now it looks like manufacturing has hit its cyclical nadir. The purchasing managers’ surveys from
The U.S. economy grew at a 2.4 percent annual rate in the second quarter, the Commerce Department said on Thursday.
The U.S. economy is going to see a resurgence of inflation that will “disrupt everybody’s narratives,” Breitbart Economics Editor John Carney told Fox Business host Larry Kudlow.
The so-called “vibecession”—in which people feeling terrible about the economy despite very low employment—appears to be in retreat. Just ask Taylor Swift’s concert-goers.
Even the economists do not believe the Federal Reserve.
If generals are always fighting the last war, analysts are typically buying the last rally or shorting the last downturn.
The private sector put nearly 500,000 people onto payrolls in June, according to the calculations of payroll processor ADP.
On Tuesday’s broadcast of “CNN This Morning,” Bank of America CEO Brian Moynihan responded to a question on how Bidenomics is working by stating that after all of the pandemic stimulus, “you now have a situation where inflation has to
The most heralded recession in American history will probably not arrive until next year.
Markets and analysts are no longer forecasting a series of rate cuts this year, but they do not buy the notion that the Fed will keep hiking.
New Zealand’s government data agency revealed the economy slipped into recession in the first quarter of 2023.
A funny thing happened on the way to the next recession: stocks stampeded their way to bull market territory.
Chinese exports to the United States fell by 12.2 percent in May, a much larger drop than expected and the first net reduction since February.
The labor market is putting the Federal Reserve to the test.
The bones of the U.S. economy are looking good as we hurtle toward the warming months.
On Wednesday’s broadcast of Bloomberg’s “Sound On,” Rep. Brad Sherman (D-CA) reacted to Sen. Tim Kaine’s (D-VA) plan to try to strip the approval of the Mountain Valley pipeline from the debt ceiling bill by stating that doing so risks
The labor market is still refusing to cooperate with the narrative that the economy is softening.
The deal to suspend the limit on federal government debt until 2025 removes one of the obstacles to another Federal Reserve rate increase.
It is getting harder and harder to justify not raising rates at the next meeting of the Federal Open Market Committee.
Did the economy grow or shrink in the first three months of the year?
New figures show the German economy suffered an unexpected dip in the first quarter of this year, putting the country into recession.
Someone forgot to tell the mall rats that the economy is supposed to be in a recession any day now.
The most heralded recession in U.S. history still is not showing up.
Long-term underlying inflationary pressures are pushing us toward a prolonged period of higher inflation or higher interest rates.
One sign of a very tight labor market is that very few workers are relocating to take up new positions.
How can we break this to you? The economy is not in a recession.
On Monday’s broadcast of CNBC’s “Squawk Box,” Atlanta Federal Reserve President Raphael Bostic said that he won’t be thinking about cutting interest rates “until well into” next year and that he probably wouldn’t cut interest rates if there was a
On Friday’s broadcast of the Fox News Channel’s “Your World,” Chicago Federal Reserve Bank President Austan Goolsbee stated that current credit conditions “have been correlated with recessions” in the past. Goolsbee said that “credit conditions like the ones we’re seeing
The payrolls numbers on Friday add evidence to our thesis that the economy reaccelerated in April after slowing in the prior two months.
Treasury Secretary Janet Yellen said this week that she expects the U.S. government could run out of cash as early as June 1 if the debt limit is not lifted.
Everyone has a job and no one is happy.
The economy is not losing steam at the rate many economists expected. To the contrary, we appear to be accelerating.
The bottom line for next week’s meeting of the Federal Open Market Committee is another 25 basis point hike.
