Treasury Secretary Scott Bessent said Sunday he believes some sectors of the economy are in a recession or at risk of one, blaming the Federal Reserve for not cutting interest rates fast, just one day ...

Interest rates remain a source of stress for many households, particularly amid persistent inflation and slowing wage growth.

US Treasury Secretary Scott Bessent has admitted that parts of the American economy are already in recession, blaming the Federal Reserve’s monetary policies for the slowdown while urging it to ...

Americans are still feeling the financial sting of the recession several years later. A consumer survey by the Federal Reserve finds the majority of American households are comfortable with their ...

There is rarely a clear-cut start and end date to a recession. By the time people realize they are in a recession, it's usually been going on for several months. That's because much of the economic ...

Treasury Secretary Scott Bessent said the U.S. housing market is one subset of the economy that may be in recession because of high interest rates as he continues to call for the Fed to cut rates.

Treasury Secretary Scott Bessent said some sectors were in a recession as he argued for more interest rate cuts. By Alan Rappeport and Colby Smith Alan Rappeport covers the U.S. Treasury Department.