In an interview with CNN’s “State of the Union” on Sunday, Bessent said he believed the economy was in a “transition period,” ...

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 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?

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.

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 ...

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 ...

If you spread risk, strengthen your finances, and stick to the plan, you can avoid having to take desperate, damaging ...

Canada's GDP contracted in August against a consensus estimate of flat growth, data showed on Friday, and an advance estimate ...