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: U.S. economy
Americans Have Officially Run Out of Savings: A Concerning Trend
For the past six quarters, the United States has been facing a worrying trend: the amount saved by households, businesses, and the government, as a […]
JP Morgan CEO Jamie Dimon Warns U.S. Economy Faces Threat Worse Than Recession
JP Morgan Chase CEO Jamie Dimon has issued a stark warning about the future of the U.S. economy, suggesting it may face challenges even worse […]
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 […]
July PCE Inflation Data: What It Means for U.S. Interest Rates
The July Personal Consumption Expenditures (PCE) inflation data, which is closely watched by the Federal Reserve, came in slightly below expectations. The headline PCE inflation […]
U.S. Government Spending in FY 2024: A Record $6.8 Trillion Budget with a $1.9 Trillion Deficit
The U.S. government is projected to spend an astounding $6.8 trillion in Fiscal Year 2024, marking the highest level of spending since 2021. This enormous […]
U.S. Inflation Moderately Rises in March, Fed Expected to Hold Rates Until September
The Commerce Department’s Bureau of Economic Analysis reported a moderate increase in U.S. inflation for March, with the Personal Consumption Expenditures (PCE) price index rising […]