In August, U.S. consumer prices rose at an annual pace of 3.4 percent, while workers’ average hourly earnings increased by 3.1 percent, according to the Bureau of Labor Statistics.
Tag: U.S. Economy
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MARKET OVERVIEW
The Dow Jones Industrial Average popped up by 500 points Friday, reversing three consecutive down days, but the late surge was not enough to pull the index out of negative territory for the shortened trading week.
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U.S. NATIONAL DEBT SURGES PAST $40T IN TRUMP’S SECOND TERM, DESPITE CAMPAIGN PROMISES
The national debt in the U.S. surpassed $40 trillion amid President Donald Trump’s second term, despite his campaign promises in 2024 that he would “pay off” the country’s debt by reining in government spending and tapping into the country’s natural resources.
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ECONOMIC UPDATE
As we have forecast in the Trends Journal, in our podcasts and in numerous interviews, Gerald Celente has said that this September and/or October there may well be a stock market crash.
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MARKET OVERVIEW
The three main U.S. stock indexes turned in a positive performance on Friday but not even the Dow Jones Industrial Average’s 500-point leap was enough to overcome ongoing worries about heightened tensions in the Persian Gulf and the implications of the bond markets’ midweek sell-off over fears of deteriorating U.S. fiscal conditions.
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SPOTLIGHT: PANIC IN THE BOND MARKET
On 18 August, investors dumped government bonds amid heightened fears that inflation will continue to rise, government deficits are out of control, and a flood of AI-related bond issues are diluting bond values, the Financial Times reported.
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SPOTLIGHT: AI BORROWING TESTS ITS LIMIT
We have greatly detailed that in the very near future, possibly this October, there will be a Dot-com Bust 2.0 that will crash the equity markets and spike gold prices.
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WALMART REPORTS SLOWEST SALES GROWTH IN SIX YEARS
In its latest second quarter, Walmart’s sales grew 2.6 percent, the slowest rate since the COVID year of 2020 as worried consumers cut back purchases.
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U.S. BUSINESSES WERE BUSIER IN AUGUST, PMI SHOWS
Companies in the U.S. private sector did more business in August than in July, according to S&P Global’s flash purchasing managers index (PMI) this month.
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DIESEL PRICES REBOUND, THREATENING A NEW ROUND OF INFLATION
On 18 August, the price of diesel fuel averaged $5.47 a gallon, bouncing higher on renewed fears of an extended Iran war.