A recent consumer sentiment survey found optimsm about the U.S. economy at its lowest point in seven month. And the Commerce Department's bad news about the GDP has already had an effect on Wall Street.
The dollar continues to fall on world markets, especially against the British pound. It now takes two dollars for every pound — a 26-year high. Good for Britain? Not necessarily. Stephen Beard reports.
Some economists are concerned that conditions are ripe for stagflation and they're drawing parallels to the stagflation economy of the '70s. But Chris Farrell says put your disco shoes away, it's not gonna happen.
Wall Street let loose a sigh of relief today as the government reported core wholesale prices held steady last month. So, inflation might not be a concern — unless you really like your veggies. Steve Henn reports.
Corporate America has posted 14 quarters of double-digit earnings growth. But in this earnings season analysts predict S&P 500 companies will report only about 3.5% growth. And analysts say that's OK. Amy Scott reports.