U.S. business activity contracted for the fourth straight month in October, and the economic downturn “gathered significant momentum,” S&P Global said on Monday, while the White House touted low unemployment rates and credited President Joe Biden’s economic agenda for a “historically strong” economic recovery.
Inflation from the perspective of business costs—which tend to get passed along to consumers—soared in September, reversing the prior month’s decline and coming in twice as high as markets expected, pointing to a drawn-out Fed fight against high prices.
A survey from a leading retail trade group finds that inflation is making it harder for middle-class households to cover their expenses as the winter holidays loom.
Home prices in the U.S. are sinking at the fastest monthly pace since the Great Recession, evidence that rising mortgage rates are rapidly slowing activity in the housing market.
Earlier this year, President Joe Biden boasted that the stock market had hit "record after record after record on my watch, while making things more equitable for working-class people."
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A growing rash of economists are warning the odds of a recession have increased amid a historic inversion of the yield curve—a telltale sign...
Most Americans felt safer two years ago when former President Donald Trump was in office, a Convention of States Action/Trafalgar Group survey released Thursday found.
