Today's economy is brought to you by… the letter K! Or is it C? Or … well, it depends on who you talk to about how the rich and poor are doing these days. You've probably heard about "the K-shaped ...

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Economists have long viewed the postpandemic economy as "K"-shaped. That consensus has now lifted, with letters like "C" and "E" floating around academic circles and Wall Street trading rooms alike.

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Treasury Secretary Scott Bessent declared the K-shaped economy over. He said the economy looks more like a "C" shape. Economists and household credit data suggest the picture remains mixed. Some ...

At a time when many Americans remain stressed about affordability, Treasury Secretary Scott Bessent has declared that the U.S. economy is no longer in a "K shape," a term used to describe increasing ...

“The K-shaped economy is over,” Treasury Secretary Scott Bessent declared on CNBC last week. Economists say the evidence is mixed at best. The University of Maryland Medical System is addressing ...

“I can say here definitively, the K-shaped economy is over,” Bessent said in an interview with CNBC’s “Squawk Box” earlier this week. The letter “K” has become shorthand for the diverging economic ...

Treasury Secretary Scott Bessent wants Americans to stop worrying about the wealth gap. On CNBC’s “Squawk Box” on Aug. 4, he said he was “sick of hearing about this K-shaped economy” and declared, “I ...

Treasury Secretary Scott Bessent says the K-shaped economy is over, but the data and many economists tell a different story. “I do believe the core inflation is slowing,” Bessent said in an interview ...