The state of the US economy, in 9 charts
President Donald Trump on Tuesday will address Congress for the first time in his second term, and he’ll do with an economy that’s continuing to chug along.
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Treasury Secretary Scott Bessent is pouring cold water on the hot economic numbers of the Biden administration, claiming that growth was ‘brittle underneath’
Scott Bessent said the private sector “has been in a recession.”
Consumer Boost Likely Saved South African Economy From Recession
(Bloomberg) -- South Africa probably avoided a recession last year, saved by strong consumer demand in the fourth quarter as the key mining and manufacturing sectors continued to struggle.Most Read from BloombergHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong Joins Global Stadium Race With New $4 Billion Sports ParkUS Tent Facility is Holding Migrant Families Longer Th
Oil down on OPEC+ output increase, tariffs start and US pause in Ukraine aid
Oil prices extended losses on Tuesday after reports of OPEC+ plans to proceed with output increase in April while further price pressure was applied by U.S. tariffs on Canada, Mexico and China as well as Beijing's retaliatory tariffs. Brent futures were down $1.04, or 1.45%, at $70.58 a barrel by 1417 GMT while U.S. West Texas Intermediate (WTI) crude was off 73 cents, or 1.07%, at $67.64. "The current downward trend in oil prices is primarily driven by OPEC+'s decision to increase output and the introduction of U.S. tariffs," said Darren Lim, commodities strategist at Phillip Nova.
Republicans in Congress Turn Up Scrutiny of Fed as Inflation Persists
(Bloomberg) -- Congressional Republicans are ramping up scrutiny of the Federal Reserve, just as the central bank confronts stubborn inflation and broader questions about its role as a bank regulator.Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong Joins Global Stadium Race With New $4
Economic Fears Rise In Advance Of Trump's Big Speech on Tuesday
On Tuesday night, President Donald Trump will address a nation that's growing increasingly uneasy about his economic policies.
Oil Tumbles to Lowest This Year as OPEC+ Plans to Revive Output
(Bloomberg) -- Oil dropped to the lowest this year after Bloomberg reported that OPEC+ will restart some halted production, a surprise decision that threatens to deepen a projected global surplus of crude.Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong Joins Global Stadium Race With N