Thursday’s GDP report expected to show the U.S. economy at a crossroads
Economic growth likely slowed to its weakest pace in a year and a half to end 2023, possibly setting the…
‘It’s really bad’: China strategist warns of deflation and rock-bottom consumer confidence
Deflation may soon start biting into Chinese growth, as Beijing looks at another three to six months of a “very…
No ‘economic collapse’: Top Citi strategist says healthier economic growth is coming
The global economy does not need a “collapse” in order to bring inflation back to target and return to sustainable…
Two important events this week could determine the future of Fed rate policy
Markets have become less convinced that the Federal Reserve is ready to press the button on interest rate cuts, an…
American Express CEO says spending is strong, delinquencies are down from 2019
American Express CEO Stephen Squeri on Friday said the credit card company saw “good consumer spending” during the holidays and…
Consumer sentiment surges while inflation outlook dips, University of Michigan survey shows
Consumers have grown more confident about the direction of the economy and inflation at the onset of 2024, despite persistent…
Grim retail sales suggest possible recession for Britain
U.K. retail sales dropped significantly more than expected in December, in a sign that the economy may have entered a…
Fed’s Raphael Bostic expects rate cuts to happen in the third quarter
Atlanta Federal Reserve President Raphael Bostic expects policymakers to start cutting rates in the third quarter of this year, saying…
Weekly jobless claims post lowest reading since September 2022
The labor market continued to show surprising resiliency in the early days of 2024, with initial jobless claims posting an…
Retail sales rose 0.6% in December, topping expectations for holiday shopping
Holiday shopping turned out even better than expected in December as shoppers picked up the pace to close out a…
