Economic Preview: A Jekyll-and-Hyde economy? Nah. Long expansion unlikely to morph into recession

The record-long U.S. economic expansion is over. Gross domestic product contracted at a 4.8% annualized rate in the January–March period, the largest drop since 2008, according to U.S. Commerce... To view the full story, click the title link......»»

The big story to watch for the U.S. economy — really the only story — is the action of consumers. The fate of a record-long expansion depends on them......»»

The rich have gotten richer and the poor have gotten poorer during the past decade as the U.S. economy celebrates the longest-ever period without a recession......»»

Thanks to aggressive government and central bank action, the 10-year-old U.S. economic expansion will set a record next month by becoming the longest ever. But the cost of such policies, including high debt, may not make them worth it......»»

Is it time to worry about the economy after a nearly record-long 10-year expansion?.....»»

Jerome Powell, chairman of the Federal Reserve board of governors, warned Wednesday that the long-term health of the U.S. economy may depend on more fiscal stimulus to fight the economic impacts of the coronavirus......»»

GDP drop likely marks end of record economic expansion. GDP drop likely marks end of record economic expansion......»»

The coronavirus capsized what had been the longest expansion in U.S. history. Now the wait is on to see how far the economy sinks before it finds bottom......»»

The hits to the U.S. economy keep coming. This week’s upcoming reports on layoffs, housing, consumer confidence and the health of businesses are all going to be ugly. Again......»»

A flood of bad news on the economy is about to pour in confirming what has become quite obvious: The U.S. is sinking into a deep recession......»»

REUTERS/Carlos Barria A flurry of populist economic promises helped propel President Donald Trump to the White House in 2016. Nearly three years later, the record-long expansion has cooled but h.....»»

American consumers have kept the U.S. economy barreling toward a record 11th year of expansion, but the locomotive might be running out of steam......»»

Federal Reserve Chairman Jerome Powell told lawmakers there is no reason why the record-long U.S. economic expansion, now in year 11, can't continue......»»

Like a stiff tent pole, consumers are keeping the U.S. economy propped up. And it looks like they’ll have to do so for at least the next year......»»

Challenges to the economic expansion include low inflation, low employment and low interest rates, Powell said......»»

Challenges to the economic expansion include low inflation, low employment and low interest rates, Powell said......»»

Germany is the economic engine of Europe -- and it’s running on fumes. After a decade of near-constant expansion, the economy is flirting with recession. Germany’s export-dependent companies are deeply exposed to fallout from rumbling trade di.....»»

Economists now see a one-in-three chance that the U.S. economy is headed into recession in the next year, following its longest expansion in history. Germany, the biggest economic engine in the Europe........»»

The Federal Reserve this week will most likely cut interest rates for the first time since 2008, when the economy was mired in a deep recession, as the central bank tries to keep a record economic expansion from petering out. .....»»

The Federal Reserve this week will most likely cut interest rates for the first time since 2008, when the economy was mired in a deep recession, as the central bank tries to keep a record economic expansion from petering out. .....»»