U.S. Economy

Inflation Slowed Further in December as an Economic ‘Soft Landing’ Moves into Sharper Focus

The Federal Reserve’s preferred inflation gauge cooled further last month even as the economy kept growing briskly, a trend sure to be welcomed at the White House as President Joe Biden seeks re-election in a race that could pivot on his economic stewardship.

U.S. Economy

Fed Kept Interest Rates Flat Again — But Barely Budged on 2024 Rate Cut Forecasts

The Federal Reserve opted on Wednesday December 13 to hold interest rates at the same level they’ve sat since July

U.S. Economy

Wall Street Bank Bosses Warn Lawmakers of Economic Toll From Tough New Rules

The top bosses of JPMorgan, Morgan Stanley, Goldman Sachs and other major banks warned lawmakers Wednesday that capital hikes and other new regulations being contemplated by U.S. bank regulators will hurt lending, capital markets and the broader economy.

U.S. Economy

Bank of America, Deutsche Bank Predict Interest Rate Cuts in 2024

Bank of America (BOA) and Deutsche Bank (DB) both released outlooks Monday predicting the Federal Reserve will implement interest rate cuts next year

U.S. Economy

Leading Indicators Continue to Signal a Recession

A gauge of future economic activity declined in October, after falling in September, on worsening consumer expectations, the Conference Board reported on Monday.

U.S. Economy

Fed Holds Interest Rates Steady For Second Meeting In A Row—As Rate Hikes Weigh On Markets

The Federal Reserve again decided to keep interest rates at the same level, the central bank announced Wednesday, though rates remain at their highest level since 2001, causing sweeping effects on the economy.

U.S. Economy

Why America's Deficit Doubled to $2 Trillion in One Year

The United States government will run a deficit of around $2 trillion, double last year's number, for the fiscal year that ends in just over three weeks.

U.S. Economy

U.S. Consumer Spending Accelerates, but Declining Savings a Concern

U.S. consumer spending increased by the most in six months in July as Americans bought more goods and services

U.S. Economy

Fed, Economists Make Course Correction on U.S. Recession Predictions

The first two quarters of 2022 had seen U.S. economic output contract at a 1.6%

U.S. Economy

Private Sector Added 324,000 Jobs in July, Well Above Expectations, ADP Says

Private sector companies added far more jobs than expected in July, pushed higher by a boom in leisure and hospitality jobs, payroll processing firm ADP reported on Wednesday, August 2.

U.S. Economy

Morgan Stanley Raises Economic Growth Forecast, Citing Biden Infrastructure ‘Boom’

Morgan Stanley raised its economic growth forecast up this week, citing a "boom in large-scale infrastructure" driven by President Biden’s Infrastructure bill, according to reports.

U.S. Economy

Will Cooling Inflation Help Sell Bidenomics?

U.S. annual inflation slowed to 3% last month, according to the latest Consumer Price Index released Wednesday by the Bureau of Labor Statistics.

U.S. Economy

U.S. Inflation Unlikely to Fall to the Fed's 2% Target until at Least 2025, According to Jerome Powell

The Fed chairman's remarks on Friday suggested the central bank's fight against inflation is far from over – raising the possibility that policymakers will keep raising interest rates until price pressures cool further.

U.S. Economy

Federal Reserve Holds Interest Rates Steady, Forecasts Two More Rate Hikes This Year

The Federal Reserve held interest rates steady on Wednesday, June 14, but FOMC officials signaled they are prepared to raise rates again this year in due course to keep the fight against stubborn inflation.