On 19 June, Donald Trump again assailed U.S. Federal Reserve chair Jerome Powell, holding him personally responsible for the unanimous decision by the central bank’s Open Market Committee to leave interest rates where they are.
Category: TRENDS ON THE U.S. ECONOMIC FRONT – Jun 24 2025
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CRYPTO INDUSTRY CELEBRATES U.S. SENATE PASSAGE OF STABLECOIN LAW
On 17 June, the U.S. Senate passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which establishes a regulatory framework for stablecoins in the U.S.
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SILVER PRICES SOAR TO HIGHEST IN MORE THAN 10 YEARS
While investors have driven gold prices to record highs, manufacturers have been snapping up silver, pushing its price as high as $36.86 on 18 June. The metal’s price is up 29 percent this month alone.
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FED FREEZES INTEREST RATES AMID TRADE WAR UNCERTAINTY
On 18 June, the U.S. Federal Reserve’s Open Market Committee held its policy interest rates steady at 4.25 percent for deposits and 4.50 percent for loans. The decision to do so was unanimous, notes from the meeting showed.
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U.S. BUSINESS ACTIVITY SLOWS IN JUNE AS PRICES CLIMB
U.S. activity in manufacturing and services slowed slightly this month as factories’ cost of materials and prices for finished products rose to their highest level since July 2022.
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SOCIAL SECURITY WILL GO BROKE IN NINE YEARS, NEW STUDY SAYS
In 2034, the U.S. Social Security system’s financial balance will tip and the program will begin paying out more money in retirement pensions than it collects from payroll taxes, according to a new report from the program’s board of trustees.
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ECONOMIC UPDATE—MARKET OVERVIEW
As we have been forecasting since Donald Trump won the race to the White House in 2024, round-and-round it goes, and where it stops nobody knows. Again, by the facts, it is a pure guessing game as to what Trump Cards and Wild Cards will be played next.
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LEADING INDICATORS SHOW A WEAKENING U.S. ECONOMY
The Conference Board’s Leading Economic Index (LEI), a broad survey of economic signals, ticked down in May from 99.1 to 99 to match economists’ forecasts.