Many economists and investors had a clear narrative coming into 2023: The Federal Reserve had spent months pushing borrowing costs rapidly higher in a bid to tame inflation, and those […]
Recession and Depression
Trending topics and news from the Recession and Depression category
Back to news home‘Recession Resilient’ Climate Start-Ups Shine in Tech Downturn
But the stakes are too high to be cynical, climate entrepreneurs and investors said.“There’s a bigger fight to fight,” said Elisa Jagerson, an investor at Wildcat Venture Partners. “Everything else […]
U.S. Economy Grew at 2.9% Annual Rate in Fourth Quarter
“Resilience is a good thing in many ways, but it’s also something that makes things harder for the Federal Reserve and it hardens their resolve,” said Diane Swonk, chief economist […]
The U.S. economy grew at an annual rate of 2.9 percent in the fourth quarter.
Real gross domestic product Quarterly change at annual rates, adjusted for inflation 4th. qtr. 2022: Real gross domestic product Quarterly change at annual rates, adjusted for inflation 4th. qtr. 2022: […]
How the U.S. Government Amassed $31 Trillion in Debt
WASHINGTON — America’s debt is now six times what it was at the start of the 21st century. It is the largest it has been, compared with the size of […]
After a Burst of New Businesses, a Cooling Economy Intrudes
An unexpected result of the pandemic era has been a surge in entrepreneurial activity. Since 2020, applications to start new businesses have skyrocketed, reversing a decades-long slump.The reasons for the […]
Kevin McCarthy’s Speaker Drama Raises New Fears on Debt Limit
WASHINGTON — Representative Kevin McCarthy of California finally secured the House speakership in a dramatic vote ending around 12:30 a.m. Saturday, but the dysfunction in his party and the deal […]
US Jobs Report: Employers Added 223,000 Jobs in December
The U.S. economy produced jobs at a slower but still comfortable rate at the end of 2022, as higher interest rates and changing consumer habits downshifted the labor market without […]
For Many Wall Street Bankers, This Year’s Bonus Season Is a Bust
Investment banking revenue in the United States is expected to have dropped more than 50 percent from last year, to nearly $35 billion through mid-December, according to the data provider […]
Inflation Cooled Notably in November, Good News for the Fed
Inflation slowed more sharply than expected in November, an encouraging sign for both Federal Reserve officials and consumers that 18 months of rapid and unrelenting price increases are beginning to […]