As President Joe Biden embarks on a renewed campaign trail, an analysis reveals that much of his economic agenda, outlined during the 2020 campaign, had not yet progressed.
US economy
President Joe Biden has expressed frustration over the media's portrayal of the US economy.
The chief economist of Goldman Sachs is anticipating the end of the pandemic-era inflation soon, as the world economy has now entered a period of "The Great Disinflation."
The US workforce added 199,000 jobs in November, and the unemployment rate fell to 3.7% as the world's largest economy continues to struggle with higher interest rates.
JPMorgan Chase claims that 99% of Americans have already exhausted the excess savings they accumulated during the COVID-19 pandemic.
Goldman Sachs Research is boldly predicting that the global economy is poised to outperform expectations in 2024, demonstrating resilience in the face of recent challenges.
After the victory of the Republican Donald Trump last week, the Vice Chairman of the Federal Reserve Stanley Fischer reiterated on Friday his request for the actual implementation of Trump’s promise during campaign that he will provide an additional fiscal policy stimulus to the US economy.
As economic analysts studies the US economy after 2 years, claims have been made that it has already reached its peak.
The demand for the US industrial products declined in February, signalling an additional slowdown in the country's economic growth. Fresh orders for the US industrial products dropped 1.7% in February, compared to an increase of 1.2% in January.
US labour market is gaining grounds helped by robust consumer spending, despite poor profits among corporate giants. The country added more than 200,000 jobs per month, with an average recruitment totalling to 213,000 new jobs a month in the past four years.
Wall Street faced slight losses in the stock market on Monday as the drop in oil price burdened energy stocks. Investors are shying away from these energy stocks owing to the fall in crude prices.
Investment firm BlackRock has modernized its trading policies with the help of twenty tech skilled members' team. The company is shifting to electronic trading to overcome market challenges.
The US Postal Service will cut the price of postage, the first time in nearly hundred years. While, the cost of all commodities are rising, the drop in stamp prices surprises consumers. The cost decrease is anticipated to come live on April 10, 2016.
G-20 summit has been concluded with no major surprising outcome. Lack of strong commitments has helped Yen to gain some value against US dollar. However, on Monday, US dollar has regained some value. The appreciation has been analyzed as an outcome of positive US data which in turn is the consequence of Fed rate hiking.
According to Indra Nooyi, the ongoing global economic slowdown threatens economic recovery in the US. The oil market combined with political turmoil creates an economic pressure in the nation.
Subscribe to VCpost newsletter
Most Popular
- Nestle Cuts Sales Forecast as Shoppers Reject Price Hikes
- Social Security Payments Worth Over $4,800 To Go Out This Week; Here’s When You’ll Get Yours
- US Could See Another ‘Great Resignation’ as 3 in 10 Workers Plan To Quit in 2024: Survey
- Uber, Lyft Drivers Remain as Contractors After California Supreme Court Upheld Proposition 22
- Maersk Agrees to Settlement with US Labor Department After Firing Whistleblower
- Walmart Eyes $200 Million Investment in Autonomous Forklifts
- Delta’s CEO Flew to Paris for the Olympics While His Company Is Under Federal Investigation: Report
- Wiers Farm Recalls Produce Products Due To Potential Listerian Contamination