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Economy
Investors’ optimism is growing around the UK economy as U.S.-EU trade disputes mount
LONDON — Some investors are expressing a growing optimism about the U.K.'s economic outlook despite the country's long-standing structural weaknesses, as its neighbors in the European Union deepen their trade dispute with the United…
The probability of a recession is approaching 50%, Deutsche markets survey finds
U.S. dollar banknotes and a label with the word "Recession" are seen in this illustration taken March 19, 2025.Dado Ruvic | ReutersChances that the U.S. is heading for a recession are close to 50-50, according to a Deutsche Bank survey…
Tax revenue collected by the IRS set to plummet, report says
Officials at the IRS and Treasury Department are anticipating tax revenue to drop more than 10% by April 15 compared with last year, The Washington Post reported Saturday, citing three people with knowledge of the situation.The loss of…
Trump policies ‘promise’ an economic downturn, says prominent forecaster in first-ever
U.S. Vice President JD Vance (C) exits the Oval Office in the opposite direction as U.S. President Donald Trump and Elon Musk (R) walk away before departing the White House on March 14, 2025.Roberto Schmidt | Afp | Getty ImagesThe UCLA…
Chicago Fed President Goolsbee sees rate cuts depending on inflation progress
Chicago Federal Reserve President Austan Goolsbee said Friday he still sees interest rate cuts in the cards though risks are rising to that outlook.Speaking two days after he and his colleagues again voted to keep short-term rates…
U.S. households are running out of emergency funds as pandemic cash runs out, inflation
Vithun Khamsong | Moment | Getty ImagesIt is becoming harder for Americans to raise funds in case of an emergency, according to a recent survey from the New York Federal Reserve.The bank's Survey of Consumer Expectations for February…
Accenture is DOGE’s first corporate casualty as shares dive on warning that contracts
Accenture signage is pictured in Warsaw, Poland, on Aug. 7, 2024.leksander Kalka | Nurphoto | Getty ImagesShares of Accenture slid Thursday after the consulting firm said efforts to tighten federal spending have begun to weigh on its…
Trump says the Fed should cut rates to ease the economy’s transition to his tariffs
U.S. President Donald Trump reacts as he meets NATO Secretary General Mark Rutte (not pictured), in the Oval Office at the White House in Washington, D.C., U.S., March 13, 2025. Evelyn Hockstein | ReutersAfter largely staying out of the…
‘Transitory’ is back as the Fed doesn’t expect tariffs to have long-lasting…
The "good ship Transitory," despite an ominous record, appears ready to sail again for the Federal Reserve.Economic projections the central bank released Wednesday indicate that while officials see inflation moving up this year more…
Bank of America’s CEO says economic growth is ‘better than people think’ and the…
Bank of America CEO Brian Moynihan said Wednesday that consumers are continuing to spend and economic growth should be solid though slower this year.Despite surveys indicating that confidence is at a nearly three-year low amid increasing…