The best growth of the expansion is likely behind the U.S. just as the world’s largest economy reclaims its pre-pandemic level of output.
An unexpected jump in U.S. wages has given financial markets a new reason to worry that higher inflation may be here to stay.
As the U.S. job market comes roaring back, there’s a growing debate about whether there are enough workers to power faster economic growth.
U.S. consumer prices climbed in March by the most in nearly nine years as the end of pandemic lockdowns triggered a rebound in travel and commuting that pushed up the cost of gasoline, car rentals and hotel stays.
A key measure of U.S. consumer prices rose less than expected in February as costs of used vehicles, clothing and transportation services declined from a month earlier, suggesting broader inflationary pressures remain tame.
With Democrats on the verge of passing an almost $2 trillion stimulus bill and Covid-19 vaccinations moving ahead, the U.S. economic outlook is much sunnier than it looked in early January.
The U.S. economy is starting to display pockets of price pressures, further stoking the debate among economists and market participants over the future path of inflation.
With Covid-19 cases stabilizing and Democrats oiling the tracks to pass large parts of President Joe Biden’s $1.9 trillion stimulus plan -- even without Republican support -- economists are raising their 2021 economic growth forecasts.
U.S. home construction starts rose in December to the best pace since late 2006 as builders responded to the robust demand for single-family housing.
With Democrats set to effectively control the White House and Congress, economists are betting that another significant jolt of fiscal support will boost economic growth this year.
Chances of another federal stimulus package got a boost as Democrats swept this week’s Senate runoff elections in Georgia, offering the prospect of more support for people and businesses hammered by the pandemic.
The U.S. economy has splintered along state and city lines, with the speed of the rebound largely dependent on the magnitude of local business restrictions to combat an unending surge in Covid-19 cases.
The story of U.S. inflation in 2021 could very well amount to this: It’s all a mirage.
Applications for U.S. state unemployment benefits unexpectedly posted the first back-to-back weekly increase since July, while Americans’ incomes and savings fell last month.
The U.S. economy’s record third-quarter surge has already given way to a more moderate pace of growth, with a fresh jump in coronavirus infections and an extended deadlock over further stimulus threatening to weigh on activity.
While the economic restart has helped put 7.5 million Americans back to work in May and June combined, payrolls are down more than 14.5 million from their pre-pandemic peak.
As states restarted their economies and millions of Americans headed back to work, consumers opened up their pocketbooks more freely.