Interest rates are down, consumer spending is up, corporate earnings are strong, bond values have risen, and tax cuts are giving corporations more money for growth.
Tag: inflation
Post
SEASONAL HIRING TO BE THE LEAST IN 16 YEARS
Hiring seasonal help for the year-end holiday shopping season is poised to be the lowest since 2009 in the Great Recession, a signal that retailers expect especially weak sales, outplacement firm Challenger, Gray & Christmas in a report last week.
Post
CONSUMERS INCREASED THEIR SPENDING IN AUGUST
U.S. households spent 0.6 percent more in August than in July, the commerce department reported. Economists in a Reuters poll expected a 0.5-percent gain.
Post
CONSUMER OUTLOOK CONTINUED TO DARKEN IN SEPTEMBER
U.S. households had a more gloomy outlook on the economy in September than in August, according to the University of Michigan’s monthly survey of consumer sentiment.
Post
INFLATION ROSE AGAIN IN AUGUST
By several measures, consumer prices continued to rise again in August.
Post
SPECIAL REPORT, THE FED’S RATE CUT: WHAT NEXT?
On 17 September, the U.S. Federal Reserve’s Open Market Committee shaved a quarter point from its policy interest rate, dropping the rate charged on loans to 4.25 percent in its first rate reduction since December 2024 and to its lowest in almost three years.
Post
NEW CLAIMS FOR JOBLESS BENEFITS FELL IN MOST RECENT WEEK
In the week ending 13 September, 33,000 fewer people filed new claims for unemployment insurance than during the week before. The number fell from 264,000 to 231,000. In a Wall Street Journal poll, economists had forecasted 240,000 claims.
Post
SPOTLIGHT: CHINA’S ECONOMIC TROUBLES
Last month, several economic measures weakened again in China under the continuing lack of an active domestic economy.
Post
SOTHEBY’S LOSES $248 MILLION IN 2024
In 2024, renowned art auction and appraisal house Sotheby’s more than doubled its 2023 pre-tax loss of $106 million to $248 million as inflation and the world’s uncertain economy continued to afflict the art market.
Post
ECB HOLDS KEY RATE AT 2 PERCENT
The European Central Bank (ECB) held its policy interest rate at 2 percent at its 11 September meeting.