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There’s a lesson in today’s GDP report. And it has nothing to do with Biden.
Real gross domestic product was down 0.3%, a minor contraction but a large step down from the prior quarter’s GDP growth rate ...
U.S. economic growth contracted at -0.3% annualized rate in Q1 2025
The latest GDP numbers show the U.S. economy now shifting into reverse after Donald Trump’s abrupt policy shifts. The U.S.
Trump says US kids may get '2 dolls instead of 30,' but China will suffer more
President Donald Trump acknowledged Wednesday his tariffs could result in fewer and costlier products in the United States ...
U.S. economy contracts in Q1 2025, driven by trade war and slowing consumer spending
The U.S. economy contracted 0.3% in Q1 2025, driven by a surge in imports ahead of tariffs and slowing consumer spending, ...
Americans fear an imminent recession. That may be enough to put us in one
Still, Bernstein sees a roughly 50/50 chance of a US recession because of the stagflationary shock from tariffs, which are expected to simultaneously slow the economy and increase prices. The policy ...
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Americans fear an imminent recession. That may be enough to put us in one
Jared Bernstein, a top economist for President Joe Biden during the last recession scare in 2022, cautioned against assuming a recession is inevitable. “We’ve gone through years of bad vibes ...
U.S. Economy Shrank in First Quarter as Imports Surged Ahead of Tariffs
The gross domestic product reading fell short of the 0.4% growth that economists surveyed by The Wall Street Journal expected ...
What Trump’s Attacks on the Fed and Powell Are Really About
Federal Reserve Chair Jerome Powell’s firing likely isn’t imminent. But scapegoating Powell for an economic downturn could be ...