While we often don’t know we’re in a recession until it‘s well underway, here are some economic signals worth watching to get a sense of the economy’s health., US economy grows 3.3% in second quarter, government says, in second estimate of April-June growth President Donald Trump holds charts as he speaks about the economy in the Oval Office of the White House, Aug. 7, 2025, in Washington., The state of the economy is generally strong and inflation is slowing down, but still remains elevated. The Federal Reserve is looking at key economic indicators to signal it’s time to cut, CBO’s latest economic projections reflect several substan-tial changes in federal policy and economic developments that have occurred since the agency last published its pro-jections on January 17, 2025, at the end of the previous Administration.1 In accordance with the Congressional Budget Act of 1974, as amended, those projections did 1., The U.S. economy grew at a solid annual rate of 2.8% in July, August and September, with consumer spending leading the way, according to the Commerce Department on Wednesday., The U.S. economy grew at a faster pace than previously thought in the second quarter, helped by healthy consumer spending and signs of spending on the booming AI sector. Gross domestic product .