G20 finance ministers and central bankers are optimistic about a "soft landing" for the global economy but warn of geopolitical risks, avoiding specific mentions of Ukraine and Gaza in their discussions.
US economy
U.S. inflation in June ticked up slightly to 2.5% annually, while consumer spending cooled, prompting expectations that the Federal Reserve may cut interest rates in September.
Analysts believe the US economy is returning to pre-pandemic norms, but election uncertainties may bring volatility due to potential shifts in economic policies based on electoral results.
The United States (US) is reportedly on the path to encountering an unprecedented level of national debt in the next four years.
The World Bank forecasts 2.6% global growth, driven by US strength, although there is over "slow" growth due to conflicts and debt burdens.
US household wealth reached a record high of over $160 trillion in the first quarter of 2024.
US President Joe Biden signed a new immigration order. But it could be a double-edged sword for the US economy. Here's why.
Renowned bond investor Bill Gross believes the bond market would suffer more under a second Donald Trump term.
JPMorgan Chase CEO Jamie Dimon has cautioned that the United States should promptly address its ballooning fiscal deficit to avoid future economic turmoil.
Concerns about inflation are reducing President Joe Biden's chances of winning reelection, a new poll shows.
Atlanta Federal Reserve President Raphael Bostic has reportedly indicated that the US economy is likely slowing down, which could prompt interest rate cuts this year.
Initial jobless claims in the US have surged to their highest level since August 2023, indicating potential challenges in the strong labor market. Employers are increasing layoffs despite recent positive hiring trends.
President Joe Biden has reaffirmed his belief that the US economy is on an upswing despite widespread criticism of his economic policies.
US President Joe Biden's economic advisor Jared Bernstein acknowledged his inability to explain how money works.
President Joe Biden said "xenophobia" among countries like China, Japan, and India is impeding their economic growth, contrasting it with the US, which he claimed benefits from migration.
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