"Equity markets have reacted with unwarranted optimism, overlooking the persistent economic drag posed by elevated tariffs," EY chief economist Gregory Daco wrote in a research note on Tuesday.

The U.S. is transitioning into a new and "ill-defined" status quo marked by elevated tariffs that will continue to hold back the economy, according to Gregory Daco of EY-Parthenon. In an email on ...

Gregory Daco, EY-Parthenon chief economist, joins 'The Exchange' to discuss the latest consumer sentiment data, the partisan split on the data, and much more. China fires warning at US treaty ally ...

The Federal Reserve’s interest rate committee will meet Tuesday and Wednesday this week, and the central bankers appear set to keep rates where they are despite criticism from President Trump ...

"This artificial front-loading of demand sets the stage for a sharper demand cliff in Q2 — a far more troubling phase of the ongoing economic slowdown," Gregory Daco, EY's chief economist ...

The US economy just had its worst quarter since 2022 as President Donald Trump’s significant policy changes unnerved consumers and businesses. Gross domestic product, which measures all the ...

The GDP report overall would allow the Fed to continue to characterize economic activity as "solid," though only in the rear-view mirror, said Gregory Daco, chief economist at EY Parthenon.

“There isn’t necessarily a reason to be extremely concerned about an imminent recession, because we’re coming out of two very strong years of growth,” Gregory Daco, chief economist at EY ...

Greg Daco, chief economist at EY, expects some of the drag on GDP from imports to be offset by inventory growth—another sign that businesses were stocking up earlier this year to get ahead of ...

Although the Trump administration has softened some of its tariff plans, the US economy is still expected to slow and be put on a “recession watch,” Daco said. His firm estimates that the ...