Odds of a Recession Are Receding, Economists Say
A strong majority of business economists now say odds of the U.S. entering a recession in the next 12 months are 50% or less, according to a National Association for Business Economics survey.
GDP Growth in Q1 2023 Revised to 2%
Showing resilience in the face of higher interest rates, the U.S. economy grew at a 2% annual pace from January through March as consumers spent at the fastest pace in nearly two years.
REPLAY: Understanding Today's Freight Economy with Bob Costello
By the end of last year, many economists forecasted a 50-50 chance of a recession in the U.S. and abroad in 2023. What is the state of the U.S. economy today?
June 21, 2023Economic Growth for Last Quarter Is Revised Up to 1.3%
WASHINGTON — The U.S. economy grew at a lackluster 1.3% annual rate from January through March as businesses wary of an economic slowdown trimmed their inventories, the government said.
Trucking Q1 Results Show Substantial Slowdown
The trucking industry stumbled through the first quarter amid a slowing economy and high inventories, according to experts.
Manufacturing Shrinks at Slower Pace in February, Prices Gauge Jumps
A gauge of manufacturing improved for the first time in six months, though activity remained in contraction territory amid fragile demand and growing inflationary pressures.
ATA’s Bob Costello Presents Mixed Picture on Economy
ORLANDO, Fla. — The U.S. economy is poised for a short and shallow recession during the second half of the year, but circumstances specific to current economic conditions make predictions more challenging than usual, said American Trucking Associations Chief Economist Bob Costello.
Key Inflation Measure Surges Most Since June
WASHINGTON — The Federal Reserve’s preferred inflation gauge rose in January at its fastest pace since June, an alarming sign that price pressures remain entrenched in the U.S. economy.
Trucking Industry Grapples With Q4 Slowdown
Motor carriers experienced a financial slowdown in the final months of 2022, as trends that indicate a return to normalized levels of business for the year ahead took hold, industry analysts said.
Business Activity Steadies in February, Boosted by Services Increase
U.S. business activity steadied in February as the service sector regained its footing, suggesting a resilient economy that is keeping some pricing power intact.