The U.S. economy emerged from the pandemic even more quickly than previously reported, revised data from the federal government shows. The Commerce Department on Thursday released updated estimates of ...

There's one statistic that rules them all when it comes to keeping track of the economy: gross domestic product (GDP). It's the sum of all final transactions, so all the goods or services bought and ...

Consumption is an always effect of what actually matters: production. It’s a reminder that while “supply siders” are increasingly ridiculous, “supply-side economics” is a statement of the obvious: the ...

When it is growing, especially if inflation is not a problem, workers and businesses are generally better off than when it is not Many professions commonly use abbreviations. To doctors, accountants, ...

Health care spending growth is expected to outpace that of the gross domestic product (GDP) during the coming decade, resulting in a health share of GDP that reaches 19.7 percent by 2032 (up from 17.3 ...

U.S. Treasury Secretary Scott Bessent on Thursday applauded the Federal Reserve's decision to cut interest rates by a quarter ...

The U.S. economy continues to defy expectations. The nation's gross domestic product — the broadest measure of economic activity — grew at an annual pace of 3.3% in October, November, and December, ...

An updated read on gross domestic product — basically, how fast the economy grew in the fourth quarter of 2024 — comes out Thursday. The first estimate from the Bureau of Economic Analysis said the ...

There may be an explanation for why the U.S. economy has been remarkably resilient, growing briskly despite high inflation and interest rates. Maybe it isn’t so resilient after all. This week, the ...