The U.S. tax and spending bill passed on July 3 is expected to add more than $3 trillion to the country’s deficit over the ...

JPMorgan now sees US economic growth of 1.6% this year, down from a prior forecast of 1.9%. Morgan Stanley is now at 1.5%, ... Notably though, as the chart below shows, ...

US consumer spending grew in the first quarter at the weakest pace since the onset of the pandemic on a sharp deceleration in outlays for a variety of services.

The dampened outlook for the U.S. mirrors a slowdown expected for the global economy, the OECD said, predicting global ...

The CBO analysis says Trump's tariffs over the next decade would reduce deficits by $2.8 trillion while also curbing economic growth by 0.6 percent.

President Trump's tariffs have sparked fears that US economic growth could slow materially in 2025. At this point, this sentiment has largely shown up in weak survey data, but one other indicator ...

The OECD's forecast projects a slowdown in U.S. economic growth due to tariffs, with GDP growth at 1.5% in 2026 and inflation reaching 3.9% by the end of 2025.

What Tariff Hikes Could Mean for GDP Growth. Higher tariffs would unambiguously reduce real GDP. We estimate a 1.6% long-run impact: a 1.1% impact from the 10% uniform hike and a 0.5% impact from ...

US Economic Growth for Last Quarter Is Revised up to a Solid 3% Annual Rate WASHINGTON (AP) — The U.S. economy grew last quarter at a healthy 3% annual pace, fueled by strong consumer spending ...

The U.S. economy is predicted to slow in growth over the next two years, according to reports by the Organisation for Economic Co-operation and Development (OECD).. The OECD, an international ...

The U.S. economy grew last quarter at a healthy 3% annual pace, fueled by strong consumer spending and business investment, the government said Thursday in an upgrade of its initial assessment.

Consumer spending, which accounts for about 70% of U.S. economic activity, rose at a 2.9% annual rate last quarter, up from 2.3% in the government's initial estimate.