The U.S. economy grew faster through 2021, 2022, and early 2023 than was previously estimated, according to revised quarterly data released by the U.S. Commerce Department last week.
Tag: U.S. economy
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IS CONSUMERS OUTLOOK REALLY BRIGHT?
U.S. consumers’ view of the current and future economy continued to improve in the University of Michigan’s final September reading of its Consumer Sentiment Index.
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INFLATION FALLS FURTHER, FANNING RATE-CUT EXPECTATIONS
The Personal Consumption Expenditures Index, the U.S. Federal Reserve’s most closely-watched inflation gauge, fell to 2.2 percent in August, edging below economists’ consensus forecast of 2.3 percent and strengthening expectations that the central bank will cut rates at least once more this year.
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INFLATION, CONSUMER SPENDING BARELY BUDGE IN AUGUST
The Personal Consumption Expenditures Price Index, which is the U.S. Federal Reserve’s favorite inflation measure ticked up just 0.1 percent in August from July, its smallest rise in three months, the Bureau of Economic Analysis reported.
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ECONOMIC UPDATE – MARKET OVERVIEW
The economic data coming in across the globe is gloomy. The facts are in the numbers. Factory orders in Japan keep shrinking as its PMI slumped to 49.7 in September from 49.8—below the 50.0 mark for the third straight month... which signals negative growth.
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TOP TREND 2023, OFFICE BUILDING BUST: OFFICE TOWERS FALLING
American Equity Partners (AEP) bought 1 Tower Center, a 24-story office block, in 2019 for $38 million—a good deal at the time but a higher price than many similar buildings fetch now.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that have profoundly affected the business community.
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting.
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SPOTLIGHT: BIGS GETTING BIGGER
Teresa Ribera, formerly Spain’s deputy prime minister, has been named the European Union’s “competitiveness minister,” putting her in charge of pumping up mergers and acquisitions, while also pushing the region’s green transition and overall economic competitiveness.
