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2 mins read

The 'coveted soft landing' is here, Biden's top labor official says — and it could set Americans up for an interest rate cut in September

The jobs market is moderating, but Americans are not facing a recession. It's a signal the Fed migh…

Ayelet Sheffey,Juliana Kaplan   


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3 mins read

The Fed's next decision will likely mean Americans are going to wait a lot longer for any interest rate cuts

The booming jobs report and still-high inflation mean the Federal Reserve is likely to hold interes…

Ayelet Sheffey,Madison Hoff   


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5 mins read

Why Americans' confidence in finding a new job is tanking even as the labor market is humming along

Americans are the most pessimistic they've been in years about their chances of finding a new job i…

Jacob Zinkula,Madison Hoff   


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2 mins read

Recession odds are 'very high' as economy looks poised to see an unemployment wave and plunging consumer spending, chief economist says

"Is it possible the Fed cuts rates very dramatically? Yes. But that's only going to happen or most …

Jennifer Sor   


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2 mins read

Biden wants to sell blue-collar workers the American Dream of a failing China

In some of his harshest comments ever made about China, Biden called the country "xenophobic" and s…

Matthew Loh   


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3 mins read

As high-paying jobs become harder to get, more Americans are looking to Uber and Lyft for extra income

Gig work like ride-hailing is becoming more popular, per a Bank of America report. A cooling job ma…

Jacob Zinkula,Noah Sheidlower   


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5 mins read

More Americans are feeling a six-figure salary can't afford them a middle-class lifestyle

In today's big story, we're looking at people who feel like a middle-class salary doesn't equal a m…

Dan DeFrancesco   


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4 mins read

Meet the typical American moving to — and leaving — New York

People moving to New York are younger, make slightly more, and rent more than those leaving, accord…

Noah Sheidlower   


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3 mins read

Americans will lose full Social Security benefits in 11 years, according to the program's trustees — a year later than expected

The latest report on the future of Social Security detailed the program's ability to pay out full b…

Ayelet Sheffey,Juliana Kaplan   


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3 mins read

The US's newest immigrants are more likely than native-born Americans to have a college degree, per Goldman Sachs

Recent US immigrants are more likely than native-born Americans to have a college degree. But they'…

Jacob Zinkula,Andy Kiersz   


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3 mins read

The Fed still probably isn't ready to give Americans the interest rate cuts they're hoping for

The Federal Reserve is likely to continue holding interest rates steady this week, but a cut could …

Ayelet Sheffey,Madison Hoff   


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4 mins read

Americans are growing more optimistic about the economy but it's not helping President Biden just yet

Americans are feeling better about the economy, but it hasn't helped President Biden's polling.

Jacob Zinkula,Noah Sheidlower…   


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2 mins read

U.S. Bank has been fined nearly $36 million for freezing some customers' access to unemployment benefits during the pandemic

The CFPB said U.S. Bank froze tens of thousands of ReliaCard accounts and didn't make it easy for c…

Grace Dean   


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4 mins read

Harvard researchers think they know why the booming economy still isn't being felt by average Americans

The US's inflation measure doesn't capture how much higher interest rates cost Americans.

Jacob Zinkula   


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2 mins read

Why investors aren't sweating a jobs report that showed unemployment rising

The cooling of labor market tells investors that the Fed may finally be able to make a dovish pivot…

Phil Rosen   


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1 min read

Americans are feeling the most optimistic about the mortgage market since the Fed started hiking rates

The optimism is driven by stronger job security and more people expecting mortgage rates to tumble …

Aruni Soni   


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7 mins read

Americans have between 4 and 6 hours of leisure time daily. We just have no idea how to use it.

Americans are overworked, overstressed, and generally awful at unplugging from work. But that only …

Erin Snodgrass   


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2 mins read

Americans are right to feel miserable about the economy, Reagan economist Art Laffer says

Cooling inflation and a flat unemployment rate don't matter as much to people as prices and jobs, a…

George Glover   


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4 mins read

JPMorgan expects a mild recession for 2023. That means higher unemployment and a rough holiday shopping season for Americans.

Here's why one of Wall Street's top players is expecting a downturn next year. Plus, analysts broke…

Phil Rosen   


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3 mins read

Here's why wealthy Americans say it's getting harder for them to get richer

Two-thirds of wealthy Americans with investable assets over $500,000 don't feel wealthy thanks to i…

Noah Sheidlower