US economy

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...

Noted economist and Nobel laureate Paul Krugman recently highlighted the change in perceptions relating to the US economy, despite initial skepticism. What Happened: On Thursday, Paul Krugman tweeted, “A year ago those of us who said that Americans declaring that the economy was terrible also...

This week was brimming with economic narratives. From Bill Ackman‘s bet on an early Federal Reserve rate cut to gold prices inching toward all-time highs, the markets saw a flurry of activity. Meanwhile, the US GDP growth for Q3 2023 topped initial estimates, showcasing the strongest...

The latest report from the Bureau of Economic Analysis reveals that the U.S. economy displayed robust growth in the third quarter of 2023, surpassing initial estimates and posting the strongest expansion since the fourth quarter of 2021. The second estimate indicates that the annualized GDP growth...

As the global economy grapples with fluctuating markets and tightening lending standards, Bitcoin's (CRYPTO: BTC) trajectory offers a unique perspective on the future of finance. The Bitfinex Alpha report, closely tied to discussions at the upcoming Benzinga Future of Digital Assets conference...

A  new poll published on Saturday indicates that former President Donald Trump holds distinct advantages over President Joe Biden among voters, particularly concerning financial well-being and war avoidance. According to the CBS News poll, more voters predict better...

The U.S. economy surprisingly expanded by an annualized rate of 4.9% in Q3 2023, according to new federal data. This robust growth comes despite 18 months of rising interest rates from the Federal Reserve. The growth rate is the strongest since 2021 and has been primarily driven by consumer...

The Bureau of Economic Analysis (BEA) is preparing to release its third-quarter advance estimates for the U.S. gross domestic product (GDP) on Thursday. The U.S. is poised to showcase its most robust economic growth rate in years. The latest data is in stark contrast to views and recession fears...