The U.S. is now more vulnerable to inflation shocks than in the past, Thomas Barkin, president of the Federal Reserve Bank of Richmond, told the Financial Times.
Tag: U.S. economy
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FACTORY ACTIVITY CONTINUED TO SHRINK IN OCTOBER
U.S. manufacturing output shrank 0.4 percent in October after contracting 0.3 percent in September, according to The Conference Board’s Leading Economic Index.
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U.S. BUSINESS ACTIVITY, CONFIDENCE STRONGEST IN MORE THAN TWO YEARS
Business activity in the U.S. is expanding at the fastest rate since April 2022, with businesses expecting demand to increase under incoming president Donald Trump’s policies.
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PALANTIR SHARE PRICE SOARS ON TRUMP PRIORITIES
Palantir Technologies, the Denver software firm co-founded by Peter Thiel, a vocal Donald Trump supporter and Elon Musk’s old partner in PayPal, has seen its market capitalization balloon by $23 billion since Trump’s election on 5 November.
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TRUMP PROMISES INSTANT NEW TARIFFS ON CANADA, CHINA, MEXICO
Donald Trump has said he will impose a new 25-percent tariff on all imports from Canada and Mexico and “an additional 10-percent tariff, above any additional tariffs" on imports from China on his first day in office.
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ECONOMIC UPDATE—MARKET OVERVIEW
It’s a whole new economic game, and how it’s played and who will win is, at this point, a guessing game. By their gambling deeds, since the re-election of Donald Trump, The Street sees very happy times ahead for the U.S., while much of the world’s nations—as we detail in this and previous Trends Journals—see more economic downsides ahead.
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SPOTLIGHT: BIGS GETTING BIGGER
Private equity firms Shore Capital Partners and Silver Lake Technology Management have partnered to create an entity that has bought and merged two chains of veterinary clinics.
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GOLDMAN SACHS WINS BIG IN TRUMP RE-ELECTION
In a Trump economy characterized by reduced regulation, easier deal-making, more initial public stock offerings, and an expansion of the private credit market, investment bank Goldman Sachs is poised to win big, The Wall Street Journal reported.
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SPOTLIGHT ON U.S. INTEREST RATES
Because the U.S. economy is showing signs of strength and stability, the U.S. Federal Reserve will take its time to assess conditions before deciding when, and how quickly, to continue reducing its interest rates, Fed chair Jerome Powell said in a 14 November Dallas speech.
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ECONOMIC UPDATE—MARKET OVERVIEW
Shortly after Donald Trump won the race to the White House, the U.S. dollar spiked, hitting a new high last Wednesday.