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Americans Are Running Out of Cash It Makes a Recession More Likely

Americans have burned through a third of their savings cushion. That's a dire sign for the US economy.

Holiday spendingSavings rateHousehold financesRetail salesIan shepherdsonPantheon macroeconomicsRecession outlookEn winck

Job Openings Fall to 10 1 Million in August As Labor Shortage Eases

Job openings fell the fastest since the early pandemic in August, signaling the labor market is cooling off after several months of strong growth.

Economic indicatorsLabor marketJob openingsJob openings and labor turnover surveyLabor market dataTories we x27 ve pushedEn winckAdison hoffUliana kaplan

Congress Unlikely to Help Ease Inflation As Recession Looms Large

Congress could impose taxes on corporations' profits and the ultra-wealthy to take a bite out of soaring prices, but it's highly unlikely right now.

Uliana kaplanEn winckAson lalljee

Fed Rate Hikes Threaten Global Economic Crisis That Could Hurt US

The Fed is at the epicenter of a global race to fight inflation and boost currencies. Its next few moves could make or break the global economy.

United statesJackson holeUnited kingdomJerome powellAyhan kosePeople bankTerms of serviceUnited kingdom conservative partyWorld bankFederal reserveFed chair jerome powellWorld economyEconomic outlookFederal reserveInterest ratesRecession outlook

UK Economic Crisis Looms Amid Tax-Cut Failure, Creating No-Win Situation

Prime Minister Truss' proposed tax cuts aimed to juice the UK economy, but they've increased fears of a government default and worse inflation.

Uk economyBritish poundBank of englandUk economic growthEn winck

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