The Federal Reserve has raised rates rapidly. But instead of cracking, some data point to an economy that’s thriving.
Category: Recession and Depression
U.S. Economy Grew at 2.9% Annual Rate in Fourth Quarter
The continued growth in the fourth quarter showed the resilience of consumers and businesses in the face of rising inflation and interest rates.
The U.S. economy grew at an annual rate of 2.9 percent in the fourth quarter.
Activity at the end of last year showed the resilience of American consumers and businesses in the face of rising inflation and interest rates.
How the U.S. Government Amassed $31 Trillion in Debt
Two decades of tax cuts, recession responses and bipartisan spending fueled more borrowing — contributing $25 trillion to the total and setting the stage for another federal showdown.
After a Burst of New Businesses, a Cooling Economy Intrudes
The pandemic has brought a boom in entrepreneurship, but higher interest rates, a chill in venture capital and fears of recession now pose obstacles.
Kevin McCarthy’s Speaker Drama Raises New Fears on Debt Limit
An emboldened conservative flank and concessions made to win votes could lead to a protracted standoff on critical fiscal issues, risking economic pain.
US Added 223,000 Jobs in December, a Slight Easing in Pace
The Federal Reserve’s moves to cool the economy with higher interest rates seem to be taking gentle hold. Wage growth lost momentum.
For Many Wall Street Bankers, This Year’s Bonus Season Is a Bust
There were fewer mergers and public listings this year, shrinking investment banking revenue. For bankers, that means a smaller pot of money for bonuses.