US Treasury Secretary Scott Bessent said parts of the US economy, especially the housing sector, are already in recession due ...

In practice, a recession is generally defined as at least two consecutive quarters of a decrease in gross domestic product.

First came the post-pandemic surge in prices. Then came the fastest jump in interest rates in four decades. Now, Americans ...

The past several weeks have seen a significant number of companies announce major layoffs, including UPS (UPS), Amazon (AMZN) ...

Treasury Secretary Scott Bessent said Sunday he believes some sectors of the economy are in a recession or at risk of one, ...

The stock market continues to do well and GDP growth is strong, while nearly every other measure of economic activity has stagnated or is in deep decline. Why?

Treasury Secretary Scott Bessent pointed out Sunday on CNN’s “State of the Union” the administration’s cutback on government ...

BNP Paribas chief US economist James Egelhof put it bluntly in a roundtable with reporters this week: “AI has kept the ...

If you feel like you're in a recession, it could just be where you live, says economist Mark Zandi. He says 70% of states are in or nearing recession.

Parts of the U.S. economy, particularly housing, may already be in recession because of high interest rates, U.S. Treasury Secretary Scott Bessent said Sunday, repeating his call for the Federal ...

Given the level of uncertainty with the economy, labor market, and inflation, some economists have started talking about the possibility of a recession or even “stagflation.” The economy has been in ...

Diccon Hyatt is an experienced financial and economics reporter who has covered the pandemic-era economy in hundreds of stories over the past two years. He's written hundreds of stories breaking down ...