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The Latest Breaking News from Diane Swonk

These 2 states will determine if the U.S. slips into a recession while one more enters the danger zone, top economist says

“This state-level picture mirrors the national trend: The U.S. economy is not in recession, but it is struggling to avoid one.”

Top economist on the economy’s dirty truth: The only people who feel good are ‘making over $200,000’ and ‘have large stock portfolios’

Top economist on the economy’s dirty truth: The only people who feel good are ‘making over $200,000’ and ‘have large stock portfolios’

Diane Swonk, chief economist at KPMG, sees a “creep instead of a surge” in inflation. Things are uneasy below the surface.

US Fed Set To Hold Firm Against Trump Pressure

US Fed Set To Hold Firm Against Trump Pressure

The US central bank is expected to defy political pressure and keep interest rates unchanged Wednesday at the end of a two-day policy meeting, as the effects of President Donald Trump's tariffs emerge.

International Business Times

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US Fed Set To Hold Rates Steady In The Face Of Trump Pressure

The US central bank is expected to keep interest rates unchanged for a fourth straight policy meeting this week, despite President Donald Trump's push for rate cuts, as officials contend with uncertainty sparked by the Republican's tariffs.

International Business Times

What Comes Next In Trump's Legal Battle Over Tariffs?

A US federal appeals court has temporarily halted a ruling that found many of President Donald Trump's tariffs illegal, but the chance it could ultimately back the original decision looms over the White House.

International Business Times

'Panic And Paralysis': US Firms Fret Despite China Tariff Reprieve

President Donald Trump's rollercoaster tariff row with Beijing has wreaked havoc on US companies that rely on Chinese manufacturing, with a temporary de-escalation only expected to partially calm the storm, analysts and business owners say.

International Business Times

Trump Goes To War With The Fed

Donald Trump's simmering discontent with the US Federal Reserve boiled over this week, with the president threatening to take the unprecedented step of ousting the head of the fiercely independent central bank.

International Business Times

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U.S. economy likely generated a solid 160,000 jobs last month, but Trump's trade wars cloud outlook

U.S. economy likely generated a solid 160,000 jobs last month, but Trump's trade wars cloud outlook

The U.S. labor market likely kept on churning out jobs last month, economists say, but the outlook is cloudy and getting cloudier as the Trump administration wages trade wars, purges federal employees and seeks to deport millions of immigrants

The Independent UK

US Economic Growth Steady In 2024 As Trump Takes Office

US Economic Growth Steady In 2024 As Trump Takes Office

The US economy expanded at a solid clip in 2024, helped by consumer and government spending, official data showed Thursday, signaling its resilience as President Donald Trump takes over the reins.

International Business Times

US Fed Prepares To Pause In First Rate Decision Since Trump's Inauguration

US Fed Prepares To Pause In First Rate Decision Since Trump's Inauguration

The US Federal Reserve is expected to announce a pause in rate cuts on Wednesday, as policymakers look to continue tackling inflation under close and vocal scrutiny from President Donald Trump.

International Business Times

Lower mortgage rates aren’t igniting the housing market and there are two key reasons why, claims a top economist

Lower mortgage rates aren’t igniting the housing market and there are two key reasons why, claims a top economist

They’re either holding out for rates to fall further or can’t get past how unaffordable it’s become to buy a home all around, KPMG’s chief economist said.

Will the Federal Reserve cut interest rates fast enough to deliver a 'soft landing'?

Will the Federal Reserve cut interest rates fast enough to deliver a 'soft landing'?

American consumers and home buyers, business people and political leaders have been waiting for months for what the Federal Reserve is poised to announce this week: That it’s cutting its key interest rate from a two-decade peak

The Independent UK

Strong Job Growth and Stable Economy Expected for 2024

Strong Job Growth and Stable Economy Expected for 2024

Learn about the surprising strength of the US job market in 2023, with job growth exceeding expectations and inflation cooling, setting the stage for a pot...

Women Chief US Economists Have Gotten Even Rarer on Wall Street

Only one primary dealer has a woman in the role, which is key to helping markets and the public make sense of current trends.

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CoreLogic and KPMG make bold housing market calls

CoreLogic thinks U.S. home prices have bottomed, while KMPG expects a 2008-style decline in 2023.

The Independent UK

US economy sending mixed signals: Here's what it all means

For a few weeks in late January and early February, the U.S. economy seemed to have reached a rare sweet spot

The Independent UK

US economy sending mixed signals: Here's what it all means

For a few weeks in late January and early February, the U.S. economy seemed to have reached a rare sweet spot

Chicago Tribune

As tech companies make cuts, will other industries follow? Here’s what to know about jobs in 2023

Mary Hainds had been working in sales at a small construction technology startup for about six months before she was laid off in October. In the weeks that followed, she interviewed for other tech sales jobs in earnest and received job offers.

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The Independent UK

Move on from COVID? Child care disruptions continue

For working parents of young children, it seems the rest of the world has moved on from the pandemic

Aging boomers are making it harder to tame inflation

Older Americans aren’t returning to the workforce, and that has major implications for inflation and the U.S. economy long term.

The Pandemic Housing Bubble is bursting, says KPMG

"Once you start the process of prices falling nationally, there is a self-fulfilling momentum to it because no one wants to catch a falling knife" says Diane Swonk, chief economist at KPMG.

The Independent UK

Fed tackles inflation with its most diverse leadership ever

When Diane Swonk first attended the Federal Reserve’s annual economic conference in Jackson Hole in the late 1990s, there was a happy hour for women who attended the event

Inflation is cooling thanks to gas prices, but many things still cost a lot more

Falling gasoline prices put a dent in the July inflation rate, which fell to 8.5% from 9.1% in June. But other costs such as housing continue to climb, putting a strain on many family budgets.

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