Government, Business

Chance of US Recession Rises to 35% Among Economists Surveyed

A board above the floor of the New York Stock Exchange President Donald Trump last week announced new tariffs on imported Chinese goods, to take effect Sept. 1, causing steep declines in global stock markets. (Associated Press/Richard Drew)

The likelihood of a U.S. recession in the next 12 months rose to 35% in an August survey of economists, from 31% forecast previously, as global trade tensions fuel economic uncertainty.

Catarina Saraiva | Bloomberg News
August 8, 2019
Government, Business

Growth Slows to 2.1%, Beating Estimates

GDP Taylor Weidman/Bloomberg News

U.S. economic growth slowed in the second quarter by less than forecast as consumer spending topped estimates, though weaker business investment and exports underscored the risks spurring the Federal Reserve toward an interest-rate cut July 31.

Katia Dmitrieva | Bloomberg News
July 26, 2019
Government, Business

GDP Growth of 1.8% Seen for 2Q

GDP Meg Roussos/Bloomberg News

Trade tensions likely helped push down U.S. economic growth last quarter to match the slowest pace of Donald Trump’s presidency, with a robust consumer spending keeping things from looking even worse.

July 25, 2019
Government, Business

Growth of 3.2% Tops Forecasts on Trade, Inventory Boost

Warehouse inventory is moved with a forklift. Warehouse inventory is moved with a forklift. (Bryan van der Beek/Bloomberg News)

Economic growth accelerated in the first quarter on a big boost from inventories and trade that offset slowdowns in consumer and business spending, with President Donald Trump touting the report as much stronger than expected.

April 26, 2019
Government, Business

GDP Declines in 4Q, Reflecting Consumer, Government Spending

Andrew Harrer/Bloomberg News

U.S. economic growth cooled by more than initially reported last quarter on revisions to consumer and government spending, signaling mounting challenges to the expansion as it nears a record duration.

Jeff Kearns | Bloomberg News
March 28, 2019
Government, Business

GDP Grows 3.5% on Consumer Spending

Warehouse Luke Sharrett/Bloomberg News

The U.S. economy expanded at a 3.5% pace in the third quarter as consumers opened their wallets, businesses restocked inventories and governments boosted spending, marking the strongest back-to-back quarters of growth since 2014.

October 26, 2018
Business

US Growth Cools to 2.3% While Compensation Costs Accelerate

Jeff Wheeler/Bloomberg News

U.S. economic growth cooled last quarter as consumers pulled back after outsize spending in the prior period, though solid business investment cushioned some of the weakness and employee-compensation costs accelerated amid a tight job market.

Sho Chandra | Bloomberg News
April 27, 2018
Government, Business

Economic Growth Revised Higher on Spending, Inventories

aymondclarkeimages/Flickr

The U.S. economy grew in the fourth quarter at a faster pace than last estimated, helped by an upward revision to household spending on services and a smaller drag from inventories, according to Commerce Department data released March 28.

Sho Chandra | Bloomberg News
March 28, 2018
Government, Business

US Fourth-Quarter Growth Revised Down to 2.5% Annual Pace

Getty Images

The U.S. economy’s growth rate last quarter was revised slightly downward as inventories subtracted more than previously estimated, Commerce Department data showed Feb. 28.

Katia Dmitrieva | Bloomberg News
February 28, 2018
Business

Economy Doing Just Fine But 3% Growth Still a Challenge

Getty Images

Despite fourth-quarter U.S. growth missing forecasts, the world’s largest economy is doing just fine. The latest results also underscore just how challenging it will be to reach President Donald Trump’s goal of a sustained 3% pace.

January 26, 2018

Pages