U.S. Economy Heated Up in January: Chicago Fed
Still think the stance of monetary policy is restrictive?
GDP - Page 2
The U.S. Economy Grew at a Slower Pace Than Previously Thought in the Fourth Quarter
But inflation ran hotter.
Commerce Dept: U.S. Economy Slowed but GDP Still Grew 2.9% in Q4
The U.S. economy expanded at a 2.9% annual pace from October through December, ending 2022 with momentum despite the pressure of high interest rates and widespread fears of a looming recession.
U.S. Growth and Inflation Revised Up, Heightening Fed’s Challenge
Consumer spending was stronger than reported and prices higher.
Summers: We’ve Had ‘Essentially No GDP Growth’ with Stronger Core Inflation for Nine Months Despite Claims Inflation Will Come Down
During an interview aired on Friday’s edition of Bloomberg’s “Wall Street Week,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers reacted to the third quarter GDP
CNBC’s Cox: Most Economists See Flat Q4, Recession by Early or Mid-2023 — Unsustainable Export Growth Kept GDP from Being Negative
On Thursday’s broadcast of NBC’s “MTP Now,” CNBC Economics Editor Jeff Cox stated that if you took out the unsustainably high rise in exports, the third quarter GDP would have been negative and most economists believe that by “early or
Moody’s Chief Economist: We’re ‘Treading Water’ — GDP Has ‘Gone Effectively Nowhere over the Past Year’
During a portion of an interview with NPR aired on Thursday’s edition of NPR’s “Morning Edition,” Moody’s Analytics Chief Economist Mark Zandi reacted to the third quarter GDP numbers by stating that GDP has “gone effectively nowhere over the past year”
The U.S. Economy Returns to Growth in Brief Reprieve from Contractions
The growth follows two straight quarters of contraction. It probably will not last.
China Suddenly Delays Release of Economic Data During Communist Party Congress
The Chinese government was scheduled to release its third-quarter Gross Domestic Product (GDP) report on Tuesday, but the publication was suddenly delayed indefinitely on Monday, without a formal announcement or explanation.
U.S. Trade Deficit Narrows On Stronger Dollar and Cheaper Oil
The stronger dollar hurt exports but imports fell by even more.
Atlanta Fed’s GDP Tracker Plunges to Just 0.3%
The economy is very close to a third straight quarter of contraction.
Bank of America Now Expects Downturn to Start Next Year
A prolonged expansion, mostly due to a more resilient consumer and labor market, will mean a more aggressive Fed and a bigger rise in unemployment next year.
GOP Sen. Rounds: Biden Is Saying ‘Don’t Look at’ Inflation, GDP, the Fact You’re Worse off Than Before
On Thursday’s broadcast of the Fox News Channel’s “Your World,” Sen. Mike Rounds (R-SD) stated that President Joe Biden is telling people “don’t look at the inflation rate, don’t look at GDP, don’t look at the energy prices, don’t talk
Chinese Economy Nosedive Continues, Sinking Oil Prices
A poll conducted by the Caixin news service on Monday found China’s economy foundering as the second half of 2022 began, with slower manufacturing activity, higher unemployment, and a depressed real estate market.
Poll: 4 in 10 Americans Forced to Cut Back on Groceries Due to Bidenflation
More than four in ten Americans have been forced to cut back on everyday habits and items, including the amount of groceries they purchase, as a result of Bidenflation, a recent Suffolk University/USA TODAY survey found.
Analysis: U.S Crude Oil Production/Exports Benefit American Consumers
Oil and natural gas trade groups released an analysis that shows economic benefits to American consumers from domestic use and exports.
Be Poor for the Planet! Green Party Tells PM Candidates to Abandon Growth for Climate Crazy Agenda
The UK’s Green Party has demanded that the two candidate’s vying to become Britain’s next Prime Minister abandon aims for economic growth for the sake of the climate crazy agenda.
Commerce Sec’y Raimondo: ‘Except for Inflation,’ ‘There’s a Lot to Like’ about Economy
On Thursday’s broadcast of MSNBC’s “Andrea Mitchell Reports,” Commerce Secretary Gina Raimondo reacted to the second quarter GDP numbers by stating that GDP growth was going to slow, and “we’re feeling, except for inflation, which I know is tough on
Watch: Exclusive — Club for Growth Commemorates Official Biden Recession
The Club for Growth launched an ad on Thursday, commemorating the official start of a recession under President Joe Biden’s watch, Breitbart News can exclusively reveal.
WH Economic Adviser Bernstein: First Quarter GDP Had Some ‘Quite Positive’ Things, We’ll Evaluate Next GDP Report with ‘Contexts in Mind’
On Wednesday’s broadcast of CNN’s “At This Hour,” White House Council of Economic Advisers member Jared Bernstein stated that there were “quite positive” aspects to first quarter GDP even though growth was negative and there are “some real headwinds from
Atlanta Fed’s Final GDP Tracker Shows Economy Shrinking 1.2% in Second Quarter
Better than expected data on inventories and the trade deficit was not enough to push GDPNOW into positive territory.
IMF Slashes Global Growth Forecast: Teetering on the Edge of a Global Recession
“The outlook has darkened significantly since April. The world may soon be teetering on the edge of a global recession, only two years after the last one,” the IMF’s chief economist said.
WH Economic Adviser: ‘Expectations Are’ ‘Small to Negative’ Growth in Second Quarter, But ‘We Are Recovering from a Historic Pandemic’
On Monday’s “CNN Newsroom,” White House Council of Economic Advisers member Heather Boushey stated that while the White House is “looking for positive growth” in GDP, the “expectations are” that GDP growth in the second quarter of 2022 will “be
Bank of America Forecasts a Recession This Year with Economy Shrinking 1.4%
Bank of America now sees a recession as likely and necessary to bring inflation back down to tolerable levels.
Bank of America Slashes U.S. GDP Forecast Again: -1.2%
Consumers are getting squeezed by high gas prices and forced to cut back on other purchases.
Atlanta Fed GDP Tracker Still Negative Even After Blowout Jobs Number
There’s not much chance of it returning to positive territory this month, meaning a second consecutive quarterly economic contraction is likely.
South Korean President: Solving Economic Problems with Government Spending a ‘Fantasy’
South Korean President Yoon Suk-yeol held a fiscal strategy meeting at a university near Seoul on Thursday. Yoon said it was time to “wake up from the fantasy of fiscal universalism” and realize that unlimited government spending is not the way to nourish a healthy economy.
Crashing: Atlanta Fed GDP Tracker Plunges to -2.1%
Consumer spending, manufacturing, and construction have all rolled over as inflation and interest rates drag down the economy.
Bank of America Slashes GDP Forecast to Zero
Prices are rising rapidly but growth is stagnating. Someone should invent a word for that.
Even Worse: Economy Shrank 1.6% as Inflation Battered Consumers in First Quarter
Inflation was a much bigger drag on consumer spending than was thought.
Bank of America Slashes U.S. Growth Forecasts for 2022 and 2023: ‘Weak or Worse’
Bank of America sees growth falling to near zero in the back half of next year and a 40 percent chance of a recession.
Atlanta Fed’s GDP Tracker Falls To Zero
The latest reading raises the odds that we could have a second quarter of economic contraction.
Inflation Nation: Average Wages in Britain Fall at Fastest Rate on Record
The average wage for British workers is falling at the fastest rate on record, as inflation has wiped out gains in salary and bonuses.
Fears of Recession Grow as UK Economy Shrinks in March
Britain’s economy grew at the slowest pace in a year during the first quarter, raising concerns the country may be headed for a recession.
Rick Scott: ‘The American People Aren’t Buying’ Joe Biden’s ‘Lies’
National Republican Senatorial Committee (NRSC) Chairman Sen. Rick Scott (R-FL) on Thursday said the American people are not buying President Biden’s “lies,” as the commander-in-chief blames everything but himself for the current state of affairs in the country.
Carney: Biden’s Economy is the Definition of Stagflation
A disaster start to Joe Biden’s second year in office.
Santelli on GDP Contraction: ‘Goodbye to All the Pandemic Spending’ — ‘That Parade Is Over’
CNBC’s Rick Santelli on Thursday reacted to the Burea of Economic Analysis reporting that Gross Domestic Product (GDP) decreased 1.4% in the first quarter of 2022 after being expected to grow 1.1%.
GDP Goes Negative: Economy Shrinks -1.4% as 2022 Begins
Far worse than expected.
Report: To Fight ‘Climate Change’ U.S., Other Rich Countries Must Ditch Fossil Fuels by 2034
A globalist climate change organization in the U.K. published an analyis that calls for rich countries to ditch fossil fuels by 2034.
Pandemic Rebound Appears to Be Losing Steam in Several Major Economies
OECD leading indicators point to slowdowns in Germany, China, U.K., and Italy.
