Sep 23 UK cuts taxes, boosts spending, accelerating recession worries By Danica Kirka, Jill Lawless, Sylvia Hui, Associated Press The British pound has went on its biggest one-day drop in 2 1/2 years after the U.K.'s new government outlined plans to cut taxes and boost spending. It's sparked concerns that increased public borrowing will worsen the nation's cost-of-living crisis. Continue reading
Sep 22 Federal Reserve Chair Jerome Powell says inflation fight may cause a recession By Christopher Rugaber, Associated Press The Federal Reserve delivered its bluntest reckoning Wednesday of what it will take to finally tame painfully high inflation: Slower growth, higher unemployment and potentially a recession. Continue reading
Sep 08 Democrats don’t see the economy like everyone else right now By Laura Santhanam More than half of Americans think President Joe Biden has made the economy weaker, according to the latest PBS NewsHour/NPR/Marist poll… Continue reading
Sep 02 U.S. hiring slows as employers add a still-solid 315,000 jobs By Christopher Rugaber, Associated Press Even though the job gain declined from July, the report still pointed to a resilient labor market and an economy that is not near recession. Continue reading
Aug 29 WATCH: 2 economists on where the U.S. economy is headed now By Casey Kuhn, Nicole Ellis, Jenna Cohen “The economy's in a really interesting position right now,” Furchtgott-Roth said. “We have never had such a gap between gross domestic investment and consumption spending.”… Continue reading
Aug 05 Watch 5:47 Hiring surged in July as U.S. economy exceeds expectations despite inflation, rate hikes By John Yang The U.S. has now regained all the jobs it lost during the COVID pandemic, in spite of concerns about rising inflation and a possible recession. Employers added 528,000 jobs last month, more than double what economists predicted. Meanwhile, unemployment fell… Continue watching
Aug 05 U.S. employers added 528,000 jobs, and unemployment falls to 3.5 percent By Paul Wiseman, Associated Press Most economists believe the strong jobs market has kept the economy from slipping into a downturn. Continue reading
Aug 05 With recession anxiety growing, hiring may be cooling off By Paul Wiseman, Associated Press The unemployment rate is expected to remain at 3.6% — just off a 50-year low — for the fifth consecutive month. Continue reading
Aug 04 Bank of England predicts UK recession at the end of the year By Danica Kirka, Associated Press The central bank forecasts that the war in Ukraine will fuel further inflation and tip the U.K. economy into a prolonged recession. Continue reading
Jul 29 How to protect your finances amid recession fears By Associated Press Economic uncertainty isn't going away anytime soon. Here are steps you can take now to be ready for whatever is ahead. Continue reading