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The Fed will lower interest rates under 3% as a mild recession leads to a 'soggy 2024,' UBS chief economist says

Sat, 12/30/2023 - 08:30

Tech Insider : Economy

In this photo taken while zooming with a slow shutter speed Federal Reserve Board Chair Jerome Powell speaks during a news conference about the Federal Reserve's monetary policy at the Federal Reserve, Wednesday, Dec. 13, 2023, in Washington. — Federal Reserve Board Chair Jerome Powell
Alex Brandon/AP Photo

economy, Markets, fed-pivot, interest-rates, fed-funds-rate, Inflation, fed-rate-cuts

9 things that will define the economy in 2024

Sun, 12/24/2023 - 05:52

Tech Insider : Economy

US Federal Reserve Chair Jerome Powell — The Fed expects to lower interest rates three times next year.
Liu Jie/Xinhua via Getty Images

economy, Inflation, interest-rates, federa-reserve, consumer-spending, Mortgage, job-market

The vibecession is over

Fri, 12/22/2023 - 10:23

Tech Insider : Economy

Federal Reserve Chair Jerome Powell — The personal consumption expenditures price index fell 0.1% in November from October.
Kevin Dietsch/Getty Images

economy, federal-reserve, Inflation, pce, personal-consumption-expenditures, consumer-spending, Recession

A veteran economist just echoed Elon Musk and Michael Burry's warning that Americans are drowning in credit-card debt - and he says the economy will pay the price

Thu, 12/07/2023 - 08:22

Tech Insider : Economy, Economy

Michael Burry and Elon Musk — Michael Burry (left) and Elon Musk.
Getty

economy, economy, us-economy-and-markets, consumer-spending, Inflation, Recession, interest-rates

Americans are 'doom saving'

Fri, 12/01/2023 - 13:39

Tech Insider : Economy

Piggy bank. — A cohort of increasingly cautious consumers is growing
Thana Prasongsin/Getty Images

Retail, economy, consumer-spending, Savings, Inflation, walmart, Target

The hidden expense that's sucking $74 billion out of the economy

Thu, 11/30/2023 - 05:28

Tech Insider : Economy

Illustration of a house shaped cage releasing dollar bills. — Rising home and car insurance costs could cause many Americans' budgets to crack — and hamstring the driving force behind the US economy.
Kiersten Essenpreis for Business Insider

economy, Markets, finance, Discourse, Real Estate, Transportation, Science

Americans broke a record for spending on Black Friday, but it is just hiding a bigger problem for the economy

Tue, 11/28/2023 - 06:03

Tech Insider : Economy, Economy

Amazon packages getting ready for delivery. — Amazon had their biggest Black Friday ever.
Justin Sullivan/Getty Images

economy, Retail, economy, black-friday, consumer-spending, buy-now-pay-later-bnpl

US gas prices have tumbled for 2 months to notch their longest streak of declines in over a year

Mon, 11/27/2023 - 15:08

California Gas Prices — Gas prices at a Shell station on September 19, 2023 in Burbank, California.
Mario Tama/Getty Images

Markets, mi-exclusive, Markets, gas-prices, us-oil, energy, Inflation

The economy's safety net could soon disappear and send us tumbling into a recession

Fri, 11/24/2023 - 08:03

Tech Insider : Economy, Economy

A discarded credit card — A discarded credit card.
Gary Coronado/Getty Images

economy, economy, Savings, consumer-spending, interest-rates, student-loans, Barbie

'The consumer slowdown has begun': America's deteriorating shopping spree in 4 charts

Wed, 11/22/2023 - 14:30

Tech Insider : Economy

shopping — FORT WORTH, TX - NOVEMBER 27: Shoppers Jeri Hull (L) and Karen Brashear (R) wait in line while shopping at Toys'R'Us during the Black Friday sales event on November 27, 2009 in Fort Worth, Texas. Toys'R'Us stores nationwide opened at midnight Thursday, November 26, providing shoppers access to its Black Friday deals five hours earlier than ever before.

economy, Markets, consumer-slowdown, consumer-spending, retail-spending, holiday-spending, us-economy-outlook

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