Americans have been feeling the pinch from higher costs of living in recent years even as inflation has cooled, and this could affect the way they assess the current Democratic administration as they head to the polls. GDP growth was 2.9 percent for 2023, up from a previously estimated figur...
According to the report, China's economic growth rate this year has been revised up to 5.3%, that of the United States has been revised up to 1.1%, and that of the European Union is expected to grow by 0.9%. More popular news: 'Bond Ki...
A surge in wealth has boosted most US households since 2020 and helped sustain economic growth Yet the robust growth may prove to be a high-water mark for the economy before a steady slowdown begins in the current October-December quarter and extends into 2024. The breakneck pace is expected...
The U.S. economy grew at its slowest pace in nearly two years as a jump in imports to meet still-strong consumer spending widened the trade deficit, but an acceleration in inflation reinforced...
blog, where we explain what the day's news says about the state of the U.S. economy and how that's likely to affect your finances. Here we compile data releases, economic reports, quotes from expert sources and anything else that helps explain economic issues and why they matter to you...
The second-quarter growth marked a sharp acceleration from a sluggish 1.4% growth rate in the first three months of 2024. Consumer spending, which accounts for about 70% of U.S. economic activity, rose at a 2.9% annual rate last quart...
response to the news was favorable,2with the expectation that the new administration will be able to build on the economy’s strong foundations and unlock further growth. At the same time, there remains uncertainty around the potential implications of economic policies of the incoming administration...
where we'll explain what the day's news says about the state of the U.S. economy and how that's likely to affect your finances. Here we will compile data releases, economic reports, quotes from expert sources and anything else that helps explain economic issues and why they matter to yo...
If the prediction comes true, this round of economic expansion would be the longest one in U.S. history, surpassing the previous record of 120 months of economic expansion from March 1991 to March 2001. U.S. President Trump's administration aims to boost annual growth rate to three percent...
News and headlines on the state of the US economy. The latest economic data, reports and updates from the US, including budgets and inflation forecasts.