US consumer growth shows stability in August
WEB21 hours ago · Real personal consumption expenditures in the U.S. rose 0.15% month-on-month in August. This figure suggests a strong third quarter for consumer spending. If growth in September is similar, it would translate to quarter-on-quarter growth of over 3% on an annualized basis. Experts expect consumer demand to remain resilient.
Generational wealth gap widens as millennials lag behind
WEBAug 30, 2024 · This is less than the 3.5% they held in 1989, and it means they have less than $60,000 in wealth on average. This data reveals a growing divide: the wealthiest 0.1% are not just outpacing the bottom 50%, but also widening the gap with the top 1% and top 10%. This trend shows that wealth is becoming more concentrated at the top.
Candidates make uncertain tax cut promises
WEB4 hours ago · Both presidential candidates are making bold promises about tax cuts they are unlikely to be able to keep in an effort to appeal to voters who feel financially squeezed. Voters, still shocked by inflation, are yearning for the lower prices they experienced during the Donald Trump years. However, his promise to raise tariffs will send prices ...
US economy experiences below-trend growth - Financial World
WEBAug 20, 2024 · The evidence suggests that the US economy is currently stuck in a rut of below-trend growth. This situation will likely persist if the Federal Reserve does not ease monetary policy quickly enough. The low momentum associated with below-trend growth makes the economy more susceptible to a recession if a …
Soft landing for the Fed, but Americans still struggle
WEBSep 3, 2024 · That disparity points to a striking gap between how economists and policymakers assess the past several years of the economy and how many ordinary Americans do, writes AP.In his remarks last month, given at an annual economic symposium in Jackson Hole, Wyoming, Powell underscored how the Fed’s sharp rate hikes succeeded much more than most economists had predicted in taming inflation without ...
Assessing the Shift in US Economic Exceptionalism Amid Global …
WEBMay 8, 2024 · Recent discussions around the perceived "end of US exceptionalism" have sparked interest and debate among economists and market watchers. This shift in narrative follows a series of economic indicators that suggest a mild slowdown in the US economy. Notably, the April non-farm payroll (NFP) growth was …
Fed's Dovish Turn: Unpacking the Global Impact on Markets
WEBMar 26, 2024 · Central Banks in a Global Context. Beyond the United States, the ripple effects of the Fed's policies are felt widely. The Bank of England (BoE), for instance, is grappling with disinflationary pressures, indicating …
Federal minimum wage hasn’t increased since 2009 - Financial World
WEBAug 21, 2024 · Interestingly, the reality of the labor market paints a slightly different picture. According to the Bureau of Labor Statistics, of the nearly 80 million workers in the United States who are paid hourly rates, only about 1 million, or 1.3%, are paid at or below the federal minimum wage.
What frequent shocks and improved risk management mean for …
WEBAug 23, 2024 · These risks can be addressed through targeted measures such as reallocating capital, providing liquidity or changes in fiscal and monetary policy. A key difference between now and a decade or two ago is that investors now experience more frequent and more disruptive shocks, while at the same time, our ability to …
US Economy Defies Expectations with Robust Third-Quarter Growth
WEBOct 26, 2023 · The US economy defied prevailing expectations by registering a robust third-quarter growth, driven by strong consumer spending, even in the face of rising interest rates, persistent inflationary pressures, and a slew of domestic and global challenges.