Even with the U.S. economy growing by 3.8% last quarter, and unemployment holding at 4.3%, Moody's Analytics said that roughly half of all U.S. states are actually seeing their economies shrink. Low-Income Households Under Pressure In an interview with Fortune, Chief Economist Mark Zandi said that 22 states are currently seeing their economies contract, while 16 are growing and 13...

(Reuters) -San Francisco Federal Reserve Bank President Mary Daly said on Thursday a softening labor market and inflation that has come in much less than people had feared warranted last month's U.S. interest-rate cut and prompted the Fed to signal more rate cuts could be ahead. The economy is slowing a little bit. Consumers are running out of all the...

(Reuters) -The influential New York Federal Reserve President John Williams signaled on Thursday he would be comfortable with cutting interest rates again, voicing what appears to be a dominant view at the Fed despite some policymakers' qualms about rising inflation. The risk of a further slowdown in the labor market is something I'm very focused on, Williams told the New...

NEW YORK (Reuters) -U.S. companies could report milder earnings growth in the third quarter than earlier this year, partly due to a likely tariff hit, while investors look for signs that heavy spending on artificial intelligence is paying off. While most U.S. corporations have managed to beat earnings expectations even after U.S. President Donald Trump first announced wide-ranging tariffs on...