The AI boom propped up U.S. economic growth in the first quarter, but inflation due to the Iran war is casting a cloud.

Gross domestic product shrank at a revised 0.5%% annual rate in the first quarter, the government’s second update showed. Previously GDP was reported to have contracted by 0.2%. GDP is the official ...

WASHINGTON, June 26 (Reuters) - The U.S. economy contracted a bit faster than previously thought in the first quarter amid tepid consumer spending, underscoring the distortions caused by the Trump ...

Federal debt held by the public now surpasses the total value of the nation's economic output. Here's why experts say that's a concern.

Economic growth in the first quarter was just 0.3%, according to CNBC's Rapid Update which tallied the forecasts of 14 economists. The survey also shows Core PCE inflation will remain stuck at around ...

The U.S. economy contracted in the first quarter as tariffs caused importers to surge shipments before higher levies took effect. The Commerce Department's Bureau of Economic Analysis (BEA) released ...

U.S. GDP growth in the first half of 2025 was almost entirely driven by investment in data centers and information processing technology, according to Harvard economist Jason Furman. Excluding these ...

WASHINGTON, May 28 (Reuters) - U.S. economic growth was not a strong as initially thought in the first quarter, and momentum is set to slow this quarter, with the war with Iran stoking inflation and ...