Surprising Q2 Growth
The U.S. economy demonstrated robust growth in Q2, with the gross domestic product (GDP) surging at an impressive annual rate of 2.8% from April to June, as reported by the Commerce Department. This...
Fed's Bold Strategy Shift
For the first time in nearly two years, the Federal Reserve is set to keep its key short-term interest rate unchanged for a second consecutive policy meeting. This reflects a significant shift ...
Inflation Plummets
President Joe Biden's top economic adviser, Lael Brainard, delivered a speech to the Economic Club of New York, highlighting the positive impact of Biden's policies on the US econo...
Fed's Pause Sparks Panic Selling
Jim Cramer, a renowned CNBC expert, provided valuable investor insights on Wednesday concerning the recent Federal Reserve meeting. The Fed's announcement of a temporary rate hike pause, along with indications of pot...
Stock futures soften ahead of CPI report
Stock futures in the US are trading lower on Wednesday as investors prepare for the release of the Consumer Price Index (CPI) report for April. The report is expected to shed light on whet...
The grocery perception problem
Perception is a powerful force, and in the world of grocery retail, it can drive customers away from even the biggest national and regional chains. You've probably heard it from friends and family: complaints about how...
Insights from the latest US economic report
The latest report from the Commerce Department provides insight into the state of the US economy, with data on inflation, personal income, and consumer spending.
Here's ...
US inflation
Mary Daly of the Federal Reserve Bank of San Francisco forecast that decision-makers will probably need to raise interest rates even higher and hold them there for a longer period of time.
Although though inflation ...
Savings due to inflation
Americans are planning to buy fewer gifts for the upcoming holidays, as well as reduce spending on charity due to inflation and economic problems in the country. The Wall Street Journal reported this on Sunday, citing opinio...
The holiday will be expensive
The Thanksgiving holiday table this year will cost Americans $10.74, or 20%, more than in 2021. That's according to a study released Wednesday on the National Farmers Union website.
The av...
IPO market
Goldman Sachs Group (NYSE: GS) CEO David Solomon expects the initial public offering market to recover in the coming months.
"I think we're going through a period of reassessment of value expectations right now," he told CNBC host James ...
Inflation in September
US consumer prices rose 8.2% year-on-year in September from 8.3% a month earlier, according to data released Thursday by the US Department of Labor. This was evi...
Donald Trump's speech
Former U.S. President Donald Trump, a Republican, believes that inflation in the country will continue to rise significantly.
"Current U.S. President Joe Biden and the Democrats in&...
US economy
United States GDP fell by 0.6% year-on-year in the second quarter of 2022, an upward revision of 0.3 percentage points compared with the July estimate. This follows data released by the US...
Hearings before the Senate Finance Committee
The US government has done all it can to reduce record high fuel prices in the United States. This was the statement made by US Treasury Secretary Janet Yellen on Tuesday.
According t...
US inflation
The US consumer price index rose by 7.9% in February against forecasts of 7.8%, the biggest annual increase since Jan. 1982.
After a jump of 7.5% in January, US cons...
Inflation in January
Annual inflation in the US in January this year rose at the fastest rate in 40 years, up 7.5% from the same period in 2021. In monthly terms, consumer prices rose 0.6%, according to data released by the ...
Inflation in the United States
High inflation is becoming a burden on American citizens and is hurting the economy of the United States. US Federal Reserve (Fed) Chairman Jerome Powell...
Rising inflation not a hindrance
US equity futures remained cautiously high despite a surge in inflation. Major futures indices were up 0.4% when trading on Wall Street started after Thursday's mixed session.
The Bureau of Labor Statistics reported...
The future of the stock market
President Joe Biden has reappointed current Chairman Jerome Powell to head the Fed for the next 4 years. Experts say that this will generally have a positive effect on the market, alt...
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