Many Americans’ credit scores rose as the COVID War set in and people paid down debt when there were fewer options for spending.
Tag: U.S. economy
Post
INFLATION RATE FALLS TO 3 PERCENT
The U.S. top-line inflation rate fell to 3 percent in June, down from 4 percent in May, less than a third of its peak of 9.1 percent in June 2022 and close to the U.S. Federal Reserve’s target rate of 2 percent.
Post
M&A DEALS CRASH IN THIS YEAR’S FIRST SIX MONTHS
From 1 January through June, companies announced $1.3 trillion worth of mergers and acquisitions globally, a value 37 percent below the same period in 2022, data service Refinitiv reported.
Post
ECONOMIC UPDATE – MARKET OVERVIEW
Equity markets in the U.S. are rising as fear of a recession diminishes and corporate profits continue to increase. But while the expectations for economic growth keep rising, the value of the dollar keeps falling. Sinking to a one-year low on anticipation that the Federal Reserve will, at best (or worst) raise interest rates just another 50 basis points and then start lowering them, last week the dollar had its worst week of the year... and the downward trend line continues.
Post
DOLLAR’S VALUE SINKS TO 14-MONTH LOW; DEATH OF DOLLAR?
The dollar’s value sank to its lowest in 14 months against other major world currencies on 14 July, according to the U.S. Dollar Index.
Post
SPOTLIGHT: BIGS GETTING BIGGER
As we had long forecast, the higher central banks raise interest rates, the lower the Merger and Acquisition trend… which hit record highs at the height of the COVID War in 2021 when interest rates sank and governments pumped in countless trillions to artificially prop up sinking economies.
Post
WHEN THE ECONOMY FALLS JOBS GO WITH IT
This is week 46 of job cuts. And get ready for a bad situation to get much worse. The higher the U.S. and EU raise interest rates the deeper economies will decline and the higher the unemployment numbers will rise.
Post
PIMCO BRACES FOR “HARDER LANDING”
Pacific Investment Management Co. (Pimco), the largest U.S. active bond fund manager, believes markets are far too optimistic about the U.S. Federal Reserve’s and European Central Bank’s ability to bring inflation to heel without causing a recession.
Post
CHAPTER 11 BANKRUPTCIES JUMP 68 PERCENT THIS YEAR
The number of business and personal Chapter 11 bankruptcies shot up to 2,973 during this year’s first five months, a 68-percent increase from the 1,766 in the same period in 2022, data service Epiq Bankruptcy reported on 3 July.
Post
WAGES ROSE, UNEMPLOYMENT FELL AGAIN IN JUNE
In June, wages were 4.4 percent higher than a year earlier and unemployment edged down to 3.6 percent from 3.7 percent in May.