Thursday’s GDP report expected to show the U.S. economy at a crossroads
The consensus outlook for the fourth quarter is that gross domestic product grew at a 2% seasonally adjusted annualized pace.
‘It’s really bad’: China strategist warns of deflation and rock-bottom consumer confidence
The world's second-largest economy has faced a slower-than-expected recovery in 2023 after exiting Covid-19 restrictions.
No ‘economic collapse’: Top Citi strategist says healthier economic growth is coming
The global economy does not need a "collapse" in order to bring inflation back to target and return to sustainable growth, according to Citi's Steven...
Two important events this week could determine the future of Fed rate policy
Markets have become less convinced that the Federal Reserve is ready to press the button on interest rate cuts.
American Express CEO says spending is strong, delinquencies are down from 2019
The signs of resilient consumer spending run somewhat counter to persistent inflation.
Consumer sentiment surges while inflation outlook dips, University of Michigan survey shows
The University of Michigan's Consumer Survey of Consumers showed showed a reading of 78.8 for the month, its highest level since July 2021.
Grim retail sales suggest possible recession for Britain
Sales volumes fell by 3.2% in December, after a poll by Reuters suggested a fall of just 0.5%.
Fed’s Raphael Bostic expects rate cuts to happen in the third quarter
The Atlanta Fed president said a "golden path" economic scenario is getting closer than many Fed officials had expected.
Weekly jobless claims post lowest reading since September 2022
Initial filings for unemployment insurance totaled 187,000 for the week ended Jan. 13.