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economic outlook

Americans’ take on the economy sours in June and, after a brief respite, continues to slide
Jun 24, 2025

Americans’ take on the economy sours in June and, after a brief respite, continues to slide

WASHINGTON (AP) — Americans’ view of the U.S. economy worsened in June, resuming a downward slide that had dragged consumer confidence to its lowest level since the COVID-19 pandemic five years ago. The Conference Board said Tuesday that its consumer confidence index slid to 93 in June, down 5.4 points from 98.4 last month, which […]

Israel-Iran conflict fuels oil surge, economic fears grow
Jun 13, 2025

Israel-Iran conflict fuels oil surge, economic fears grow

  Israel’s attack on Iran Friday has catapulted their long-running conflict into what could become a wider, more dangerous regional war and potentially drive prices higher for both businesses and households. Oil and gold surged and the dollar rose as markets retreated, signaling a flight to investments perceived as more safe. After years of sky-high inflation in the […]

Consumer sentiment rises in June after six-month slump
Jun 13, 2025

Consumer sentiment rises in June after six-month slump

  WASHINGTON (AP) — Consumer sentiment increased in June for the first time in six months, the latest sign that Americans’ views of the economy have improved as inflation has stayed tame and the Trump administration has reached a truce in its trade fight with China. The preliminary reading of the University of Michigan’s closely […]

Eric Scorsone is the executive director of the Weldon Cooper Center for Public Service at the University of Virginia. Photo courtesy U.Va.
May 13, 2025

Virginia could lose 32,000 jobs in 2025, U.Va. estimates

Virginia may lose 32,000 jobs in 2025 amid federal cuts and rising unemployment, according to a new forecast by the University of Virginia’s Weldon Cooper Center for Public Service.

Federal Reserve likely to defy Trump, keep rates unchanged this week
May 5, 2025

Federal Reserve likely to defy Trump, keep rates unchanged this week

The Federal Reserve is expected to hold interest rates steady despite pressure from Trump and tariff concerns, as inflation remains above target.

Wall Street extends its gains to a 9th straight day, reclaiming losses since tariff escalation
May 2, 2025

Wall Street extends its gains to a 9th straight day, reclaiming losses since tariff escalation

Wall Street marks its longest win streak since 2004 as job growth beats forecasts and optimism grows over easing U.S.-China trade tensions.

U.S. adds 177K jobs despite trade war, hiring slows
May 2, 2025

U.S. adds 177K jobs despite trade war, hiring slows

U.S. employers added 177,000 jobs in April, beating expectations. Labor market remains resilient despite trade wars, tariffs, and federal job cuts.

President Donald Trump speaks with reporters as he participates in a ceremonial swearing in of Paul Atkins as chairman of the Securities and Exchange Commission, in the Oval Office of the White House, Tuesday, April 22, 2025, in Washington. (AP Photo/Alex Brandon)
Apr 30, 2025

Trump’s tariffs echo Hoover-era economic missteps

Trump's 2025 tariffs trigger market turmoil, drawing comparisons to Hoover's Depression-era policies and warnings from economists and business leaders.

Hyatt Regency hotel in Tysons Corner. AdobeStock
Apr 30, 2025

Northern Virginia business leaders’ confidence drops in Q2

Business confidence in Northern Virginia declined in Q2 2025, with leaders citing federal layoffs, inflation and supply chain issues, a new survey shows.

Female customer with curly hair buying clothes in boutique using fitting concept while choosing, professional stylist creating trendy look concentrated on selection in designer shop
Apr 24, 2025

Retailers misjudge shopper priorities, loyalties amid rising costs, said Rakuten report

More than half of consumers say they plan to prioritize products with the lowest prices when shopping in the coming months, while only 5% of retailers think shoppers will choose to trade down to lower quality products and less expensive brands.

Javid Moghaddasnia, Director of Customer Engagement, discusses American Giant clothing while being interviewed at the company's showroom in San Francisco, Thursday, April 17, 2025. (AP Photo/Jeff Chiu)
Apr 24, 2025

Most Americans expect higher prices as a result of Trump’s tariffs, a new AP-NORC poll finds

An Associated Press-NORC Center for Public Affairs Research poll suggests Americans’ trust in President Donald Trump to bolster the U.S. economy appears to be faltering.

FILE - Shoppers make their ways down an aisle lined with clothing and shoes in a Costco warehouse Thursday, Jan. 23, 2025, in Sheridan, Colo. (AP Photo/David Zalubowski, File)
Mar 25, 2025

US consumer confidence tumbles for 4th consecutive month to 12-year low

WASHINGTON (AP) — U.S. consumer confidence fell for the fourth straight month amid rising concern over tariffs and inflation. The Conference Board reported Tuesday that its consumer confidence index fell 7.2 points in March to 92.9. Analysts were expecting a decline to a reading of 94.5, according to a survey by FactSet. The Conference Board’s report Tuesday […]

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