Has America’s economy gone K-shaped? Here’s what to know

For those on the upper arm, things are going well. The top 10% of U.S. households now account for nearly half of all consumer ...
The Providence Journal

Fed Chair Powell tells Providence Chamber there's 'no risk-free path' for US economy

Federal Reserve Chairman Jerome Powell described the current economic situation as challenging, with risks to both employment and inflation. The Fed is balancing a slowing labor market, which ...
CNN

No one can seem to kill America’s economy, despite everyone’s best efforts

Americans hate this economy, but they keep spending like they love it. The Commerce Department reported Friday that consumer spending rose 0.6% in August. Although that may not sound like a lot, it ...

Scope downgrades US credit rating on public finance, governance deterioration; revises outlook to 'stable'

European rating agency Scope downgraded the United States' credit rating by a notch on Friday, citing sustained deterioration ...