Thanks to the popularity of its high-profit pickup trucks and full-size SUVs, General Motors projects its 2026 profit will rise as much as $2 billion, year on year.
Category: TRENDS ON THE U.S. ECONOMIC FRONT – Feb 3 2026
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CITI WILL TRAIN 175,000 WORKERS TO ‘REINVENT THEMSELVES’ WITH AI
Citi, a $205-billion U.S. megabank, will require 175,000 workers to learn to use artificial intelligence (AI), CEO Jane Fraser said in an interview with Fortune magazine.
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U.S APARTMENT RENTS FELL TO FOUR-YEAR LOW IN JANUARY
Last month, the median monthly rent for a U.S. apartment was $1,353, down 1.4 percent year on year, Apartment List reported, and lower by 6.2 percent since they peaked in summer 2022.
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U.S TRADE DEFICIT ALMOST DOUBLES IN NOVEMBER
The U.S.’s red ink in trade grew to $56.8 billion in November, up 94.6 percent from October when the gap shrank to its smallest since 2009, the U.S. census bureau reported.
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TRUMP NAMES WARSH AS NEXT FED CHAIRMAN
Donald Trump has named Kevin Warsh, a governor of the U.S. Federal Reserve during the George W. Bush administration, to succeed Jerome Powell as chair of the central bank. Powell’s term expires in May.
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FED FREEZES INTEREST RATES
As widely expected, the U.S. Federal Reserve’s rate-setting Open Market Committee made no changes to its policy interest rates at its 28 January meeting, leaving the rate on deposits at 3.5 percent and the lending rate at 3.75 percent.
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U.S. PRODUCER PRICES JUMP AS COMPANIES PASS TARIFF COSTS TO CUSTOMERS
In December, the price producers put on their products rose 0.5 percent, more than double November’s 0.2-percent increase and the largest monthly jump since July.
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ECONOMIC UPDATE – MARKET OVERVIEW
As the old saying goes, what goes up must come down. And as Gerald Celente has warned on recent podcasts, the meteoric rise of gold, and especially silver, had parabolic growth that was unsustainable, and sooner, rather than later, the precious metals would come back to a stable balance.
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WEALTH INEQUALITY IS NOW EMBEDDED IN U.S. ECONOMY
The financial distance between the richest and poorest Americans is continuing to widen and economists see nothing that will stop the trend, according to a new analysis by CNBC.