Economic News

Bessent says U.S. will finish the year with 3% GDP growth, sees 'very strong' holiday season

Treasury Secretary Scott Bessent said the economy will end the year on strong footing and said the president was disappointed in economic coverage in the media.

Core inflation rate watched by Fed hit 2.8%, delayed September data shows, lower than expected

The delayed core personal consumption expenditures price index for September was expected to show a 2.9% annual increase.

Consumer Sentiment Improves in Early December

U.S. consumer sentiment improved in early December, but worries about high prices and the labor market persisted, a survey showed Friday.

Fed's Key Inflation Measure Little Changed at 2.8%

The Federal Reserve's preferred measure of inflation slowed a bit in September, likely easing the way to a widely expected interest rate cut by the central bank next week.

Consumer Spending Moderates in September

U.S. consumer spending increased marginally in September, suggesting a loss of momentum in the economy at the end of the third quarter as a lackluster labor market and rising cost of living curbed demand.

Global Debt Crisis Mounts as Long-Term Bond Faith Fades

Falling short-term rates hide dangerous surge in long-term yields.