U.S. Economy

Goldman Sachs cuts odds of U.S. recession to 20% after retail and jobs data
Customers shop for groceries at a Walmart store in Secaucus, New Jersey, US, on Tuesday, March 5, 2024. Gabby Jones | Bloomberg | Getty Images Goldman Sachs has cut its probability forecast for a U.S. recession to 20% shortly after raising it, as fresh labor market data sparked a reassessment of market views on the […]
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Trump, Harris inflation arguments are questionable, Chicago Fed president says
Austan Goolsbee speaking at Jackson Hole on Aug. 8, 2023. David A. Grogan | CNBC Chicago Federal Reserve President Austan Goolsbee on Sunday warned against misrepresenting the inflationary impacts of corporate price hikes and tariffs, which have become focal points of the Trump and Harris campaigns’ economic platforms. Goolsbee steered away from directly speaking on […]
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Here’s the deflation breakdown for July 2024 — in one chart
Key Points The inflation rate has throttled back significantly from its pandemic-era highs. Some areas of the U.S. economy have experienced deflation. Their prices have declined. They include prices for physical goods like cars and trucks, clothing, furniture, as well as other categories like airline fares and some food items. Source
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UBS CEO says it’s too early to talk about a U.S. recession, but a slowdown is possible
Sergio Ermotti, chief executive officer of UBS Group Stefan Wermuth | Bloomberg | Getty Images ZURICH, Switzerland ꟷ UBS CEO Sergio Ermotti said Wednesday that market volatility could intensify in the second half of the year, but he does not believe the U.S. is heading into a recession. Global equities saw sharp sell-offs last week […]
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Harris edges out Trump on who voters trust more with the economy, new poll finds
U.S. Vice President and Democratic presidential candidate Kamala Harris speaks at her campaign headquarters in Wilmington, Delaware, on July 22, 2024. Harris on Monday compared her election rival Donald Trump to “predators” and “cheaters,” as she attacked the first former U.S. leader to be convicted of a crime. Erin Schaff | Afp | Getty Images […]
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10-year Treasury yield dips as traders weigh state of U.S. economy after latest data
U.S. Treasury yields were lower Friday as investors continued to assess the state of the U.S. economy after labor data buoyed sentiment. The yield on the 10-year Treasury was around 6 basis points lower at 3.938% at 8:57 a.m. ET, nonetheless holding near the level it was at last week before a weak U.S. jobs report helped trigger […]
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