The U.S. Federal Reserve’s Open Market Committee routinely offers “forward guidance” – an indication of how interest rates might change in the future – after its meetings.
Tag: U.S. Economy
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U.S. TRADE DEFICIT GREW IN MAY
The U.S. global trade deficit leaped up 42.2 percent in May, year on year, to $77.6 billion, a 14-month high, driven by a record high value of imported capital goods, the commerce department reported.
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MORE AMERICANS HAVE STOPPED LOOKING FOR WORK
Although the U.S. jobless rate held steady at 4.2 percent last month, the number of Americans no longer looking for work because they have no expectations of finding a job is rising, according to a Newsweek analysis.
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LAST WEEK: S&P NEARS RECORD ON SK HYNIX’S BLOCKBUSTER IPO
Computer chips and AI were back in vogue last week.
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ECONOMIC UPDATE
U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu’s illegal Iran War that they launched against Iran on 28 February has inflicted severe economic damage across the globe, and now, with President Trump escalating the war, a very bad economic situation has – and will – become much worse.
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U.S. IS PAYING $23.8 BILLION A WEEK IN INTEREST ON NATIONAL DEBT
During this fiscal year that began on 1 October, the U.S. government has been borrowing an average of $39 billion a week, running up a budget deficit so far of almost $1.4 trillion, and is now paying $23.8 billion a week in interest on that debt, Fortune magazine reported.
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MARKET OVERVIEW
The Dow Jones Industrial Average added 1.14 percent on Thursday to a record close at 52,900 after setting an intraday record of 52,903.
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GOING OUT OF BUSINESS TRENDS
The economic fallout from years of inflation, high borrowing costs, shifting consumer behavior, and mounting operational expenses continues to claim business across a wide range of industries.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
As employers seek greater efficiency through automation, artificial intelligence, restructuring, and outsourcing, consumers and businesses alike are pulling back spending.
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SPOTLIGHT: THE WORLD OIL MARKET IN FLUX
The Iran War is far from settled. Mideast oil and gas production facilities and shipping terminals have been damaged and not yet repaired.