Inflation is cooling. But is the economy about to crash?

After moving in the wrong direction for three months, annual inflation cooled to 2.5 percent in January. But the biggest drop in consumer spending since February 2021 has one model predicting that the economy is shrinking. Continue reading

Housing drags down US economy for second-straight quarter in Q1

Consumer spending remained high while the broader economy slowed, growing just 1.1 percent in the first 3 months of 2023, according to data released Thursday by U.S. Bureau of Economic Analysis. Continue reading