The U.S. economy is resting atop a public debt exceeding $34 trillion, with its debt-to-GDP ratio sitting at around 120%.

The labor market started the year on a strong note as payroll growth in January once again tore past more modest expectations.

A midst the complex web of economic data and expert analysis, a glaring rift emerges between the perspectives of economists and the everyday experiences of Americans. 

The consumer price index increased 0.3% for the month, higher than the 0.2% estimate at a time when most economists and policymakers see inflationary pressures easing. On a 12-month basis, the CPI closed 2023 up 3.4%. Economists surveyed by Dow Jones had been looking for a year-over-year reading of 3.2%.

The Bureau of Labor Statistics reported that 216,000 jobs were created in December as the unemployment rate stays steady at 3.7%

Is the U.S. economy heading toward a recesssion?