U.S. Consumers’ Expectations for Income Growth Fall to Lowest Level Since 2013
Recent data reveals that U.S. consumers’ expectations for their income to rise faster than prices have fallen to their lowest…
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…
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.…
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…
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…
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…
