Tagged: Recession

US Economic Growth in Q1 Revised Up Sharply to 2%

US Economic Growth in Q1 Revised Up Sharply to 2%

Banking & Finance

Despite the uptick, the government's third and final report on January-March economic growth still marked a deceleration from the 2.6% annual rate from October through December and the 3.2% growth from July through September. read more >

US Prices Stay High, Showing Inflation Pressures Persist

US Prices Stay High, Showing Inflation Pressures Persist

Banking & FinanceRestaurants & Food

Prices increased 0.4% from March to April, the government said Wednesday, up sharply from a 0.1% rise from February to March. Compared with a year earlier, prices climbed 4.9%, down slightly from March's year-over-year increase. read more >

Bank Failures Highlight Declining Deposits

Bank Failures Highlight Declining Deposits

Banking & Finance

Banks have been slow to pass along better interest rates on traditional accounts to consumers, prompting a shift to money market funds, government bonds or other more lucrative investments. read more >

Economists Now Expect US Recession to Start Later

Economists Now Expect US Recession to Start Later

Banking & FinanceTechnology & TelecomTransportation

Fifty-eight percent of 48 economists who responded to a survey by the National Association for Business Economics envision a recession sometime this year, the same proportion who said so in the NABE's survey in December. read more >