Diane Swonk

President Donald Trump's surprise 90-day pause on his aggressive tariff plan, announced Wednesday via social media, sparked immediate reactions from major business and economic figures. Here’s what they said. Bill Ackman Billionaire hedge fund manager Bill Ackman, in a post on X, wrote, "This...

The University of Michigan’s March consumer confidence survey showed a rapid decrease in consumer confidence amid historically high inflation expectations. Economists say this could be a bad omen for the United States economy. The Report: The report, released Friday, showed an 11% month-over-...

Major United States indexes saw substantial losses on Friday after the Bureau of Labor Statistics released an especially weak jobs report. Meanwhile, a few economists speculated that the unemployment surge could be partly attributed to July’s Hurricane Beryl. July Jobs Report: Nonfarm...

A lot of people's net worth has continued to climb since the COVID-19 pandemic, largely driven by stock market gains and an increase in property values. That may be why the rich grew their net worth the most. What To Know: On Tuesday, KPMG chief economist Diane Swonk shared a chart...

A long-dreaded nightmare might be coming true for the housing sector. While land and house prices experienced a similar boom during the pandemic as the — now bear — equity market, real estate appears to be catching up. How are home improvement retailers like Home Depot (NYSE:...