Weakness among lower-income Americans could spread and "contaminate" other parts of the US economy, El-Erian warned.

The surprising resilience of the US economy this year is masking underlying weakness among low- and middle-income households, as higher-income Americans continue to drive growth.

In an interview with Yahoo Finance, the economist cautioned that excessive risk-taking by investors is behind recent credit troubles.

It’s unclear when the government will publish the third quarter GDP report, but the latest numbers still suggest that moderate growth prevailed. Read more here.

Economic confidence decreased to 98.6 in this month’s Rasmussen Reports Economic Index, more than seven points lower than October.

Stocks gained ground on Wall Street following several upbeat economic updates and a steady flow of quarterly reports from U.S. companies

Investors will seek clues about the health of the U.S. economy in the coming week following worrisome labor market reports and technology-led turbulence that has knocked the stock market off record highs.

"A lot of the data we depend upon to gauge the state of the economy is produced by the federal government, which is shut down," ODU professor Bob McNab said.

President Trump is out to stop the 2025 midterms from turning into a preview of the 2026 midterms. Democrats want to keep the momentum going.