President Joe Biden is scheduled to speak twice on economic topics on Thursday, following a report that’s intensifying a debate over whether the U.S has sunk into a recession. Biden Read more
Tag: GDP
U.S. economy shrinks in the second quarter, GDP shows, and invites talk of recession
The numbers: The U.S. economy shrank at a annual 0.9% pace in the second quarter to mark the second decline in a row, intensifying a debate over whether the U.S Read more
U.S. economy shrinks in the second quarter, GDP shows, and invites talk of recession
The numbers: The U.S. economy shrank at a annual 0.9% pace in the second quarter to mark the second decline in a row, intensifying a debate over whether the U.S Read more
Treasury yields rise after Fed decision as investors await GDP reading
Treasury yields rose Thursday, a day after Federal Reserve Chair Jerome Powell said policymakers would take a meeting-by-meeting approach to interest-rate moves while signaling more tightening is on the way. Read more
Coming in an hour: second-quarter U.S. GDP and latest weekly unemployment data
Coming in an hour: second-quarter U.S. GDP and latest weekly unemployment data
White House pushes back on recession talk before Thursday’s GDP report
The Biden White House on Tuesday played defense before Thursday’s much-anticipated reading on U.S. gross domestic product, which is expected to show a drop for the second quarter in a Read more
Crunch time for the stock market: What you need to know about the Fed, earnings and GDP
So much for the summer doldrums. Stock-market investors face a full menu of potentially market-shaking events this week, including a deluge of corporate earnings results, the prospect of another supersize Read more
Weekend reads: Prepare for a big week — a crucial Federal Reserve decision, tech-company earnings and a GDP report
It was mostly a week for stocks, particularly a rebound in the tech-heavy Nasdaq Composite Index, as companies topped expectations on second-quarter earnings. The coming week brings a heavy dose Read more
A ‘fake’ recession? The U.S. economy is in decent shape for now despite weak GDP
The U.S. might fall prey to recession in the near future, but it isn’t entering one now and any such talk of a shrinking economy would be “fake,” in the Read more
U.S. trade deficit narrows in May to lowest level of the year
The news: The U.S. international trade deficit narrowed 1.3% in May to $85.5 billion, the Commerce Department said Thursday. Economists surveyed by The Wall Street Journal had predicted the deficit Read more