Recent data reveals that U.S. consumers’ expectations for their income to rise faster than prices have fallen to their lowest level since 2013. This signals […]
Tag: consumer spending
U.S. Household Net Worth Hits Record High in Q2 2024: Fed Report
The U.S. Federal Reserve has reported that household net worth surged to a record $163.8 trillion in the second quarter of 2024. This increase reflects […]
US Trade Deficit Surges to $78.8 Billion in July as Imports Outpace Exports
In July, the U.S. trade deficit expanded to $78.8 billion, the largest since mid-2022, according to the Department of Commerce. This represents a 7.9% increase […]
UBS Increases U.S. Recession Odds to 25% Amid Rising Economic Risks
UBS Global Wealth Management has recently raised the probability of a U.S. recession to 25%, up from its previous estimate of 20%. This adjustment reflects […]
Inflation-Adjusted Home Prices Reach Near Record Highs
Inflation-adjusted home prices in the United States are now nearly 100% higher than the long-term 130-year average, according to data from Reventure. This marks one […]
US Economy Slows More Than Forecasted in Q1 2024: A Comprehensive Overview
In the first quarter, the United States’ GDP growth rate was 1.6%, below the anticipated 2.5% and lower than the previous quarter’s 3.4%. In the […]