US economy

Prominent economists and analysts continue to emphasize the historic and extraordinary performance of the American economy in recent years, despite the significant hurdles posed by high interest rates. Last week, the Bureau of Economic Analysis reported a surprising real GDP growth of 2.8% in the...

The U.S. economy initially showed greater resilience than expected after the Federal Reserve began raising interest rates in March 2022. But, more than two years later, it seems to be “in a state of unstable equilibrium, with powerful forces pulling the economy in oppositive directions,...

U.S. Treasury Secretary, Janet Yellen, expressed confidence in the U.S. economy, predicting inflation to return to normal levels by 2024. She also discussed potential strategies to counter threats from China’s excess industrial capacity. What Happened: In an interview on Thursday, Yellen...

The International Monetary Fund (IMF) has recently raised alarms over the fiscal health of the United States, with potential repercussions for the global economy. What Happened: The IMF has voiced serious concerns about the sustainability of U.S. fiscal policies and their implications for both...

Wall Street veteran investor Ed Yardeni has spotlighted potential turbulence ahead for the S&P 500 index, forecasting a “classic 10% correction” in the coming months. This prediction comes as markets digest a scenario where the U.S. economy avoids any hard or soft landing, an...

Financial analyst Gordon Johnson has voiced strong criticism towards Federal Reserve Chairman Jerome Powell, referring to him as the “gaslighter-in-chief” in relation to the growing national debt. What Happened: During CNBC’s “Last Call” on Monday, Johnson expressed...

In a recent interview, Greg Abbott (R), the Governor of Texas, made a bold assertion that the economic strides made by his state are propelling the entire U.S. economy forward. This statement comes amid various economic indicators and expert analyses that paint a complex picture of the national...

The U.S. economy could be on the brink of a recession, according to Lakshman Achuthan, co-founder of the Economic Cycle Research Institute (ECRI) and business-cycle expert. What Happened: The ECRI’s Leading Economic Index, known for its near-perfect track record, has been on a downward trend...

Jamie Dimon, the CEO of JPMorgan Chase, acknowledged the current strength of the U.S. economy as “kind of booming," but cautioned that a recession is still a possibility. What Happened: Dimon made these remarks on Tuesday at the Australian Financial Review Business Summit, reported...

Goldman Sachs Chief Executive Officer David Solomon has cautioned investors against placing too much trust in the Federal Reserve’s capacity to orchestrate a “soft landing” for the US economy amidst the ongoing battle against inflation. What Happened: Solomon, speaking at a UBS-...

The U.S. economy’s position as the primary driver of global growth is being questioned, despite optimistic forecasts. What Happened: This concern was raised by economist Mohamed El Erian in an article he shared on X, formerly, Twitter on Tuesday. "Together, all these factors challenge...

The U.S. economy will not be having a soft landing and instead is heading for a recession in 2024, according to Citi’s chief economist, Andrew Hollenhorst. What Happened: Hollenhorst expressed his concerns about the impending economic downturn in an interview with CNBC and indicated...

Apollo Management‘s chief economist, Torsten Sløk, expressed concerns about the possibility of a soft landing for the U.S. economy, a scenario he previously championed. He now sees it as the least likely outcome. What Happened: In a Bloomberg interview on Monday, Sløk stated that the chances...

In a recent analysis, Christophe Barraud, the chief economist and strategist at Market Securities, provided a detailed forecast for the U.S. economy in 2024. Barraud's latest economic insights, discussed with Business Insider, came after a period marked by numerous challenges such as the...

The American public’s outlook on the economy is showing signs of improvement, with a decline in inflation and positive labor market conditions. The shift in consumer sentiment could have significant implications for the upcoming elections. What Happened: The Wall Street Journal reported on...