Page 3 - Greg Daco News Today

In the event of a US government shutdown, the Bureau of Labor Statistics says it will stop releasing data, including key figures on inflation and unemployment. A lack of crucial government data would make it difficult for investors and the Federal Reserve to interpret the US economy.

The United Auto Workers are on strike against General Motors, Ford, and Stellantis. A look at the UAW’s demands, Shawn Fain’s tactic of stand-up strikes, and the potential impact.

Labor productivity is a key economic indicator policymakers use to gauge the health of the economy. But U.S. productivity has been declining in recent years.

EY chief economist Gregory Daco tells Fortune that the example of Japan shows elevated debt and a deflationary environment is “the worst of both worlds.”

Americans spending more on services and less on goods is a shift that may be showing signs of tapering off, says one economist. “The relative shift in spend…

Many people emerged from the pandemic flush with cash. Now, savings are dwindling, debt and delinquencies are on the rise, and American consumers might have to scale back — assuming corporations let them.

The Fed chair gave investors every reason to think interest rates could come down this year, even if he didn't explicitly say so.

The probability of economic downturn in 2023 is very high despite the signs of easing inflation, experts warn... Higher interest rates will push the US economy into recession in the coming year, The Wall Street Journal reported on Sunday, citing...

Although the country continues to move forward, one inflation-walloped voter asks: "What do I cancel next?"

With the Federal Reserve expected to hike its key interest rate by three-quarters of a percentage point on Wednesday to battle high inflation, focus will shift to how deeply signs of an economic