Breaking News: Economy

U.S. GDP grew at a 5.2% rate in the third quarter, even stronger than first indicated

The U.S. economy grew at an even stronger pace then previously indicated in the third quarter, the product of better-than-expected…

Market vulnerabilities and a possible U.S. recession: Strategists give their cautious predictions for 2024

With central banks having hiked interest rates at breakneck speed and those rates likely to stay higher for longer while…

Former Trump advisor says the U.S. economy is ‘back to normal,’ but markets may be jumping the gun on rate cuts

The U.S. economy is “back to normal” for the first time in two decades, but the market is getting ahead…

Fed’s Waller expresses confidence that policy is in the right place to bring down inflation

Federal Reserve Governor Christopher Waller said Tuesday he’s growing more confident that policy is in a place now to bring…

‘Stop the price gouging’: Biden hits corporations over high consumer costs

President Joe Biden took aim at corporations Monday for charging prices he said were artificially high even though the rate…

Wells Fargo unveils 2024 target, warns of ‘really, really sloppy’ first half for stocks

Wells Fargo Securities is officially out with its 2024 stock market forecast. Chris Harvey, the firm’s head of equity strategy,…

Biden wants credit for lower Thanksgiving food and travel prices, as inflation drags on his reelection campaign

Gathering around the Thanksgiving table will cost Americans less this Thursday than it did last year, and Democrats hope they’ll…

‘Funflation’ drives sporting event ticket prices up a whopping 25%

Dan Hornberger has been a fan of the National Football League’s Philadelphia Eagles for as long as he can remember.…

Fed gave no indication of possible rate cuts at last meeting, minutes show

Federal Reserve officials at their most recent meeting expressed little appetite for cutting interest rates anytime soon, particularly as inflation…