Howard Lutnick, the commerce secretary, suggested government spending should be excluded from data about U.S. economic output.
Category: Recession and Depression
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Lutnick Remarks on Removing Government Spending in GDP Data Raises Fears
Howard Lutnick, the commerce secretary, suggested government spending should be excluded from data about U.S. economic output.
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Can Low Unemployment Last Under Trump?
Hiring has slowed, but joblessness remains at levels defying economic norms. Big policy changes under a new administration could test that resilience.
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The Economy Is Finally Stable. Is That About to Change?
President-elect Donald J. Trump’s proposals on tariffs, immigration, taxes and deregulation may have far-reaching and contradictory effects, adding uncertainty to forecasts.
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GDP Report Shows US Economy Grew at 2.8% Rate
In a key economic report released just days before the presidential election, growth was again driven by robust consumer spending.
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U.S. Economy Had Stronger Rebound From Pandemic, G.D.P. Data Shows
Updated figures show that gross domestic product, adjusted for inflation, grew faster in 2021, 2022 and early 2023 than previously reported.
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As Federal Reserve Readies Interest Rate Cut, Risks to Job Market Still Loom
The Federal Reserve is poised to lower interest rates this week. Recent jobs data have been a reminder that a soft landing is not yet assured.
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Why Low Layoff Numbers Don’t Mean the Labor Market Is Strong
Past economic cycles show that unemployment starts to tick up ahead of a recession, with wide-scale layoffs coming only later.
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Slowdown Déjà Vu Rattles the Markets
Investors sent technology stocks and other assets tumbling on concerns that the U.S. economy could be headed for a hard landing.
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Why the Fed’s Jackson Hole Confab Matters for Wall St. and the Economy
The Federal Reserve Bank of Kansas City’s annual conference in Wyoming gets a lot of buzz. Here’s why it matters for Wall Street and the economy.
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What Kalamazoo (Yes, Kalamazoo) Reveals About the Nation’s Housing Crisis
A decade ago, the city — and all of Michigan — had too many houses. Now it has a shortage. The shift there explains today’s costly housing market in the rest of the country.
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Investors Brace for a Jobs Wipeout
Economists forecast that a revision to payrolls data could undercut a robust picture of the labor market, further pressuring the Federal Reserve to cut rates.