In September, the US economy added 254,000 jobs, which is a lot more than the 147,000 jobs that experts thought would be added. The unemployment […]
Tag: US economy
US Federal Reserve Cuts Interest Rates After Four Years: A 50 bps Reduction, More Cuts Expected This Year
The US Federal Reserve has announced a reduction in interest rates for the first time since the pandemic, as widely anticipated. In a statement, the […]
US Start-Up Failures Surge: 254 Businesses Shut Down Amid Rising Interest Rates and Economic Pressures
Over the past year, 254 start-ups in the United States have gone out of business, marking the highest number of failures since at least 2019. […]
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 […]
Leading Economic Index Declines Further, Signaling Potential Recession Ahead
The Conference Board’s Leading Economic Index (LEI) dropped by 0.6% in the past month, which was a larger decline than the expected 0.4%. This index […]
US Inflation Drops to 2.9%, Lower Than Expected
July US Inflation Data: – Consumer Price Index (CPI): – Year-on-Year (YoY): 2.9% (Expected: 3%) – Month-on-Month (MoM): 0.2% (Expected: 0.2%) – Core CPI (excluding […]
Federal Reserve Holds Interest Rates Steady at 5.25% – 5.50%
The Federal Reserve has decided to keep interest rates steady at 5.25% – 5.50%. Fed Chair Jerome Powell recognized the recent reduction in inflationary pressures, […]
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 […]