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The latest news and analysis about the health of the US economy.
Though the country's labor picture has improved somewhat in recent months, with the unemployment rate hovering around a relatively low 4.3% despite little job growth, new college grads are facing an economy with a weak hiring rate.
No relief at the pump anytime soon could weigh on future spending.
Higher-income Americans have driven retail spending growth in recent years, speeding past their low- and middle-income counterparts, according to new research from the New York Fed.
Dissent is growing within the Federal Reserve just as Kevin Warsh is set to take the helm as chair.
Business investment contributed more to first quarter GDP than consumer spending as AI increasingly drives the US economy.
The US national debt passed another grim milestone Thursday when the latest data showed that government debt held by the public has surpassed America's total annual economic output.
The Personal Consumption Expenditures index rose 3.5% in March on a headline basis, in line with expectations. That's up from 2.8% in February before the war.
The share of consumers considered subprime, with credit scores below 600, ticked up slightly at the end of 2025, but those considered super prime rose even more significantly, according to new TransUnion research.
Federal Reserve Chair Jerome Powell announced Wednesday he will stay on as a governor for now.
Gasoline prices jumped to their highest level since July 2022 on Wednesday, putting a strain on consumers' wallets.