Browsing: US economy
US consumer confidence has slumped to its lowest level in 12-1/2 years, Reuters reports, as mounting fears over a weakening labor market weigh on household spending plans.
As federal deficits swell under President Trump, Washington shows little urgency to confront the mounting national debt, raising concerns about long‑term economic stability.
U.S. Treasury Secretary Bessent will hold a press conference Monday, Reuters reports, addressing economic policy, fiscal outlook, and market stability amid ongoing global uncertainty.
Business Insider ranks every US state’s economy from weakest to strongest, revealing surprising leaders and laggards based on jobs, income, and overall growth trends.
Americans are increasingly pessimistic about their finances, with many struggling to keep up. A majority now also say using the U.S. military against Iran was a mistake, an ABC/Post/Ipsos poll finds.
Small business owners describe how Trump’s tariffs raised costs, squeezed profits and disrupted supply chains, forcing layoffs, price hikes and hard choices in communities nationwide.
US business activity rebounded in April as demand strengthened, while the war with Iran pushed input costs higher, S&P Global’s latest survey showed, signaling renewed growth and inflation risks
US consumer inflation is expected to have surged in March, as the conflict involving Iran disrupts global oil supplies and heightens market uncertainty, economists told Reuters.
Despite Donald Trump’s vows of a manufacturing renaissance, new data show factory growth has lagged expectations, with investment uneven and job gains failing to materialize nationwide.
Economists warn the U.S. may slip into recession before any of Donald Trump’s promised economic “golden age” materializes, as slowing growth and rising risks cloud the outlook.