A Thursday bounce in semiconductor stocks brought the market back from a selloff on Wednesday after the U.S. Federal Reserve’s rate-setting committee indicated a growing likelihood of an interest rate increase this year.
Category: TRENDS ON THE U.S. ECONOMIC FRONT – Jun 23 2026
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CREDIT CARD BLUES
Economists have been alarmed that 13 percent of U.S. credit card accounts were at least 90 days past due in this year’s first quarter, near the peak of delinquencies during the Great Recession.
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GM LETS EV OWNERS SELL POWER BACK TO THE GRID
General Motors is preparing to download a software update to some of its electric vehicles (EVs) that will enable their owners to direct power from the cars’ battery packs back into the electric grid.
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FED LEAVES RATES UNCHANGED, DITCHES HINT OF FUTURE RATE CUTS
The U.S. Federal Reserve’s Open Market Committee voted unanimously last week to leave its key interest rates where they are, at 3.50 percent for savings and 3.75 percent for loans.
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RETAIL SALES RISE AS SHOPPERS SPEND THEIR FAT TAX REFUNDS
In May, U.S. retail sales climbed 0.9 percent above those in April and 6.9 percent year on year as tax refunds averaging $3,500 put money in consumers’ pockets.
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SPOTLIGHT: U.S. DOLLAR GLORY
The U.S. dollar has hit a one-year high and market players across the globe keep betting that it will keep climbing higher.
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ECONOMIC UPDATE
The equity markets across the globe were down today as the AI investment scheme of a Dot-com Bust 2.0 which we have forecast is becoming a reality.