For months, questions have been swirling about the economy. And last week, we finally got some answers when all kinds of economic data was released. Some of those numbers seemed to say that the economy is headed toward a downward slump, but WSJ’s Jeanne Whalen explains that the picture may not be as dark as it seems at first glance. Jessica Mendoza hosts. Further Listening: -Trump 2.0: Where Is The Economy Headed? -A Tariff Loophole Just Closed. What That Means for Online Shopping Sign up for WSJ’s free What’s News newsletter . Learn more about your ad choices. Visit megaphone.fm/adchoices
Full Episode
We're going to start with some breaking news.
New data coming out just as we come on the air shows that the U.S. economy shrank for the first time in three years. GDP down 0.3 percent.
Contraction. We haven't seen that since 2022.
Last week, a lot of economic data came out, and the headlines seemed to highlight a bunch of declining numbers.
The fact that we have a decrease in growth, that is never good. How people feel about the future of the economy and their finances, lowest level since 2011. Wall Street is now looking at this and thinking, are we heading for that recession that many...
But our colleague Jean Whalen, who covers the economy, sees those numbers a little differently.
Despite all of these shocks happening to the economy with tariffs, with Doge and the government cuts, the underlying economy has remained fairly strong.
And if you had to summarize what's happening with the U.S. economy right now in one word, what would that word be?
I have two words.
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