In the week ending 5 December, new claims for unemployment benefits increased at the greatest weekly pace since 2021, The Wall Street Journal reported.
Tag: U.S. Economy
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FED GRAPPLES WITH INTERNAL DISSENT, UNRELIABLE DATA
Federal data could be overestimating the U.S. economy’s job creation by as many as 60,000 jobs a month, U.S. Federal Reserve chair Jerome Powell told reporters after the bank’s Open Market Committee (OMC) shaved a quarter point off the Fed’s interest rates on 10 December.
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DIVIDED FED COMMITTEE CUTS INTEREST RATE BY A QUARTER POINT
As widely expected, the U.S. Federal Reserve’s Open Market Committee cut its key interest rates to their lowest in three years.
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ECONOMIC UPDATE – MARKET OVERVIEW
If the government didn’t do it, by the facts, people would call it a con-game. Frequently, a few months after they report the job numbers, they downwardly adjust them.
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SPOTLIGHT: DOT-COM BUST 2.0
PUBLISHER’S NOTE: As Trends Journal subscribers well know, we were the first to call a Dot-com Bust 2.0 back in 28 January and it was the cover of our 5 February issue. Now, nearly a year later the reality is hitting the Street.
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DOLLAR STORES ARE RAKING IN THE DOLLARS
Dollar stores in the U.S. are doing a booming business as shoppers from all income levels seek to make their budgets go further, the Financial Times reported.
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BIG BANKS OFFER MIXED, BUT POSITIVE, FORECASTS FOR U.S. EQUITIES IN 2026
Last week, major banks offered their forecasts for the U.S. stock market’s performance in 2026. They agreed share prices would continue to rise, though they differed over how much.
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CONSUMER SENTIMENT PERKS UP FROM DEEP LOWS
U.S. households were feeling a little better about the economy as December began, according to the University of Michigan’s monthly survey of consumer sentiment.
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U.S. REGULATORS DITCH RULES RESTRICTING RISKY LOANS BY BANKS
The Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency have rescinded guidance instituted in 2013 to prevent banks from making “riskier loans to the buyout industry,” the Financial Times reported.
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SEPTEMBER’S INFLATION WAS LOWER THAN EXPECTED
The long-delayed report on September’s U.S. inflation rate showed core prices rose at an annual pace of 2.8 percent, 0.2 percent higher than in August and just below the 2.9 percent annual rate booked the month before.