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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.

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 ...

Treasury Secretary Scott Bessent recently declared that the K-shaped economy "is over." New research says he might be right. After a prolonged period of sharp divergence between higher and ...