3 signs the economy is thriving — and 3 red flags...
Some economists think the US is well on its way to achieving the much-anticipated "soft landing." But there are warning signs still pointing to economic struggles down the line.Barclays' Marc Giannoni, LinkedIn's Karin Kimbrough, and Charles Schwab's Liz Ann Sonders spoke at an NYU Stern Economic Outlook Forum earlier this month.Giannoni said Barclays expects "activity…
Why one popular recession signal is flashing a false positive, Goldman...
Gross domestic income appears weak, which can indicate a recession may be near, Goldman Sachs said. But the data GDI is based on needs revision, the bank noted. If revised, it would likely show the US economy is growing "above potential." Thanks for signing up! Access your favorite topics in a personalized feed while you're…
The US economy is crushing it compared to other rich countries
Some Wall Street players still expect the US to tip into a recession this year, but the latest data illustrates not only that economic growth has yet to stall but also that the country is faring better than its wealthiest allies.The Bureau of Economic Analysis said last week real GDP came in at a surprisingly…
It’s our fault you feel bad about the economy
The media has been more negative about the economy than the underlying data would suggest, a new study found.The tone of economy stories since 2018 doesn't match variables such as GDP, inflation, and unemployment.This may have fueled a disconnect between how the economy performs and how people think it's performing. Thanks for signing up! Access…
4 reasons why China’s economy will keep struggling in 2024
China's economy has yet to fully bounce back from its stringent lockdowns of the pandemic. And according to the Conference Board's China Center for Economics and Business, the growth struggle will continue into 2024. What looked like a demand-fueled rebound in the first quarter of 2023 later fizzled as indebted real estate giants like Evergrande and…
9 things that will define the economy in 2024
The economy was robust in 2023, with many economists saying the US will soon achieve the long-awaited "soft landing." But leading up to the 2024 presidential election, much of the country is still gloomy about the US economy.On the flipside, mortgage rates remain elevated, student-loan payments restarted, and inflation remains high for many daily expenses…
Fed rate cuts will be even more aggressive than expected in...
Fed rate cuts will be even steeper than central bankers are expecting in 2024, thanks to a steadily weakening economy and the unemployment rate climbing higher, according to Pantheon Macroeconomics.The research firm pointed to the Fed's interest rate forecast at their latest policy meeting, with central bankers suggesting three 25-basis-point cuts are coming next year.But…
After 3 years of pain, America has finally achieved economic nirvana
When it comes to predicting the course of the US economy, the hardest thing to do is pick which battles to fight. For economists and forecasters, it's easy to get extreme — the deluge of data and pressure to be noticed lead a lot of people to declare that the sky is falling or that…
These 16 states are already in a recession
Sixteen US states' economies contracted between July and October, according to the Philadelphia Fed.While some economists believe a recession may come in the next year, the economies of 33 states grew.Meanwhile, looking at just the past month, 27 states experienced economic contraction. Loading Something is loading. Thanks for signing up! Access your favorite topics in a…
China’s economy stumbled again in recent months with factory activity falling...
China's economy has stumbled since coming out of the country's COVID-19 lockdown late last year. Factory activity declined in October, while foreign investment tumbled 34% in September. Experts say the nation is at risk of a debt-deflation crisis that could produce a "lost decade" for its economy. Loading Something is loading. Thanks for signing up!…
