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4 days ago · The Guardian/Harris Poll. Let's look at the details of the recent Guardian/Harris poll. These are the key findings: 55% believe the economy is shrinking, and 56% think the US is experiencing a...
17 hours ago · As evidence mounts that the economy is slowing, pressure to lower rates could build. The Federal Reserve last year raised its benchmark rate to its highest level since 2001 and has kept it there ...
3 days ago · WASHINGTON (AP) — Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks by Fed officials underscoring their intention to keep borrowing costs high as long as needed to curb persistently elevated inflation.
3 days ago · The economist, who co-wrote in a paper in February analysing why this could be happening, told CNA: “The measures that we traditionally use to describe whether we’re in a recession or an ...
4 days ago · U.S. consumer confidence unexpectedly improved in May after deteriorating for three straight months amid optimism about the labor market, but worries about inflation persisted and many households ...
3 days ago · The New York Fed reported total household debt increased by $184 billion in the first quarter of the year, 1.1 percent more than the end of 2023. To that point, a Fed survey released this month ...
2 days ago · A measure of inflation in the January-March GDP report was revised slightly down from the government’s original estimate. But price pressures still picked up in the first quarter. Consumer prices rose at a 3.3% annual pace, up from 1.8% in the fourth quarter of 2023 and the most in a year.
