The Fed Says Inflation Is Hotter Than Expected — But It Should Cool Next Year
The Federal Reserve is projecting higher inflation this year than it had previously forecast, but says prices will cool more next year.
GDP
U.S. Economy Slows Sharply As Pandemic Resurges
The Commerce Department says the U.S. economy grew just 1% in the last three months of the year, as a rise in coronavirus infections weighed on in-person businesses like restaurants.
Down But Not Out: Pandemic Likely Dealt Blow To Economy, But There's Room For Hope
The U.S. economy is likely to have slowed in the last three months of the year, ending 2020 smaller than it began. But for some companies, business is now back to pre-pandemic levels.
U.S. Economy Grows At Record Pace But Still Has A Long Way To Go
U.S. GDP grew at a record 33.1% annualized pace in the third quarter, erasing some but not all of the damage done by the coronavirus recession.
Last Report Card On U.S. Economy Before Elections Will Be A Blockbuster
The U.S. is expected to report record-setting economic growth in the most recent quarter. But that won't repair all of the damage done during the spectacular downturn three months earlier.
3 Months Of Hell: U.S. Economy Drops 32.9% In Worst GDP Report Ever
The coronavirus triggered the sharpest economic contraction in modern history in the second quarter as the pandemic hammered the economy, the Commerce Department said Thursday.
It's Official: U.S. Economy Is In A Recession
The committee tasked with marking U.S. business cycles says the economy peaked in February and has since been in a recession triggered by the pandemic. But it says the recession could be short-lived.
'Tip Of The Iceberg': Economy Shrinks At 4.8% Pace, But Worst Is Yet To Come
The economy contracted in the first quarter of 2020 as the coronavirus began to take its toll and spending dived. It's the first quarterly drop in six years and a likely precursor to a deep recession.
China's Economy Retreats, With Pandemic Causing Biggest GDP Drop In Decades
China's economy contracted by 6.8% in the first three months of 2020 from the same period a year ago — its biggest drop since 1992.
Economy On Lockdown: Jobless Rate Could Be Highest Since WWII
As efforts to slow the coronavirus pandemic temporarily put millions of Americans out of work, forecasters are predicting a record slowdown in the U.S. economy.