economics

U.S. private businesses experienced a welcome resurgence in economic activity in October, marking a departure from the somewhat stagnant conditions observed throughout August and September. The latest data from the S&P Global Purchasing Managers’ Index (PMI) has provided a glimmer of...

Analysts at Bank of America stated the Federal Reserve will resume interest rate hikes in December 2023, following a period of “watch and see.” In a note released on Friday, the team led by economist Michael Gapen stated they no longer anticipated a rate hike in November. Instead, they...

U.S. retail sales advanced more than expected in September, marking a six consecutive months of gains and highlighting the strong resilience of consumers despite surging inflation and elevated interest rates. Often considered a gauge of consumer health, the retail sales data released on Tuesday by...

The Bureau of Labor Statistics on Friday released a September jobs report that sharply exceeded expectations of the pace of employment growth, shaking up financial markets and prompting economists to reevaluate their interest rate outlook. Non-farm payrolls surged to 336,000, nearly double the...

The rhythm of expansion in the U.S. services sector slightly decelerated in September as elevated interest rates and uncertainty related to the risk of a government shutdown weighed on private businesses. The ISM Services PMI dropped by 0.9 percentage points to 53.6 in September, matching market...

The threat of a U.S. government shutdown casts a formidable cloud over the eagerly awaited release of critical economic data. The political deadlock over government funding carries the potential to immerse investors, Fed watchers, and policymakers into an unsettling period. A data blackout injects...

This week, the global economic landscape witnessed significant developments. From the BRICS summit’s discussions on de-dollarization to China’s measures to shield its economy, the world’s financial systems are in flux. Let’s delve into the top stories that made headlines....

From domestic concerns about the Federal Reserve to international economic dynamics involving China, the past week has been filled with significant economic developments. Here’s a look at the top stories that have shaped the economic landscape. Domestic Concerns Over the Federal...

The retail sales figures for July are about to hit the scene this week, and the forecast is looking upbeat. The U.S. Census Bureau will release the latest retail sales data on Tuesday, Aug. 15. Economists predict a 0.4% jump in total sales for July, a noticeable acceleration from the 0.2% increase...

Goldman Sachs economists including David Mericle and Jan Hatzius say the Federal Open Market Committee (FOMC) should initiate rate cuts in the second quarter of 2024. The central bank’s decision is expected to align with a period when core PCE inflation, the Federal Reserve’s favored...

This week in the economic sector, we saw a range of developments, from predictions of a roaring economic boom driven by AI to potential regulatory shifts that could impact Wall Street banks. Here’s a look at the top stories: Roaring Economic Boom: Market veteran Ed Yardeni predicts a decade...

This week in economics was marked by China’s Q2 GDP miss, the looming final Fed rate hike, a potential false alarm in job market indicators, the potential ripple effects of a UPS strike, and insights from data of 9 million bank accounts. Let’s dive into the details. China’s Q2 GDP...

This week in economics was marked by insightful comments, strategic moves, and a few concerns. From Warren Buffett’s resurfaced solution for the US deficit to Paul Krugman’s question about June inflation, the economic landscape continues to evolve. Let’s delve into the details....

Recent consumer inflation data suggests that the U.S. economy might be on its way to a soft landing, according to Nobel laureate economist Paul Krugman, Business Insider reports. This implies that the economy could return to normal inflation levels without a significant increase in unemployment....

This week in the economic and political landscape was marked by significant challenges, strategic warnings, and potential conflicts. From McCarthy’s challenge to prevent a government shutdown to China’s default on debt to U.S. bondholders, let’s delve into the details. McCarthy...