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Saturday, August 13, 2022

US economy


How this economic moment rewrites the rules

August 07, 2022 12:57 pm

Economists and politicians have spent weeks arguing about whether the United States is in a recession. If it is, the recession is unlike any previous one.

Stocks decline as GDP report raises fears of recession

July 28, 2022 9:06 pm

The S&P 500 was down 0.4% as of 10 am Eastern, the Dow Jones Industrial Average dropped 0.4% and the technology-heavy Nasdaq Composite was down 0.6%.

‘Uncomfortably high’: What economists say about the chance of recession

June 29, 2022 11:36 am

In general, forecasters who say a recession will be avoided emphasize that they might be too optimistic, while those who are confident that the economy will shrink are quick to say the recession won’t be that bad.

High US inflation singes Indian markets: stocks down 2.7%, Re below 78 to USD

June 14, 2022 1:27 am

Domestic equities joined the global sell-off with the benchmark Sensex plummeting 2.68 per cent or 1,457 points to close at 52,846.70.

Elon Musk's jobs warning at Tesla underscores gloomy economic outlook

June 03, 2022 3:43 pm

The email, titled "pause all hiring worldwide", was sent to Tesla executives on Thursday, and underscored an increasingly gloomy economic outlook for the globe, as prices soar and war in Ukraine passed its 100th day.

The US economy is booming. So why are economists worrying about a recession?

April 06, 2022 11:45 am

Rapid inflation, soaring oil prices and global instability have led forecasters to sharply lower their estimates of economic growth this year, and to raise their probabilities of an outright contraction.

US inflation jumped 7.5% in the past year, a 40-year high

February 10, 2022 9:12 pm

The Labor Department said Thursday that consumer prices jumped 7.5% last month compared with a year earlier, the steepest year-over-year increase since February 1982.

Economic recovery on track despite COVID-19 surge, says Fed chair Jerome Powell

August 27, 2021 9:04 pm

Powell said the central bank is monitoring the economic impact of the delta variant, which has caused a sharp spike in COVID-19 cases in the United States

US economy contracted 19.2% during COVID-19 pandemic recession

July 29, 2021 8:09 pm

The National Bureau of Economic Research, the arbiter of US recessions, declared last week that the pandemic downturn, which started in February 2020, ended in April 2020.

The US averted one housing crisis, but another is in the wings

June 17, 2021 9:49 am

For the past year, lower-income tenants have relied heavily on government support to pay their monthly bills. These measures have helped about one-third of renters used unemployment or stimulus payments to pay rent at some point during the pandemic