economics

As we wrap up another eventful week, let’s take a look at the top stories that made headlines. From Mark Cuban endorsing a progressive deficit reduction plan to the World Economic Forum’s sobering gender equality forecast, there’s a lot to unpack. We also saw President Trump green...

The week has been a rollercoaster ride for the U.S. economy. From a slowdown in private sector job growth to rising inflation concerns at the Federal Reserve, the economic landscape has been anything but predictable. Let’s dive into the top stories that shaped the week. Private Sector Job...

Goldman Sachs Research predicts a strong year for global economic growth in 2025, forecasting a 2.7% increase in global GDP on an annual average basis, just above the consensus. The US is expected to lead the way, with GDP growth of 2.5%, significantly surpassing the consensus of 1.9%, Goldman...

In August, the Biden administration reported a drop in the unemployment rate to 4.2%, indicating that the labor market remains resilient despite weaker-than-expected employment growth. This has tempered expectations for a major Federal Reserve rate cut this month. However, rising public skepticism...

Shield Compliance, a platform for cannabis banking, unveiled its annual survey results, and results are showing a disconnect between financial institutions and the cannabis industry. Their findings show that despite evolving regulations and shifting attitudes toward cannabis, banks and credit...

A sentiment of risk aversion looms over the markets during Wednesday’s trading session, triggering midday losses across the board in stocks and cryptocurrencies and prompting a flight towards bonds, as investor confidence remains dampened by geopolitical and economic risks. The situation in...

U.S. manufacturing activity exceeded expectations in March 2024, achieving its fastest growth rate since September 2022. This has triggered an immediate rebound of the dollar, driven by a shift in expectations regarding interest rates, as traders now anticipate stronger economic data, potentially...

The past week was buzzing with significant developments, from the White House to Wall Street. President Joe Biden targeted billionaires in his State of the Union address, the Fed Chair Jerome Powell testified before the Senate Banking Committee, and several key sectors showed signs of recovery and...

In a conversation with Spelman College President Helene Gayle on Friday, Federal Reserve Chair Jerome Powell underscored that it’s “premature” to declare the Fed’s efforts as sufficiently restrictive, highlighting a readiness to adjust policies further if needed. Powell...

The U.S. manufacturing sector’s struggle persisted through November, with the Institute for Supply Management (ISM) Manufacturing Purchasing Managers’ Index (PMI) remaining in contractionary territory at 46.7. This figure, unchanged from October, missed market forecasts of 47.6, marking...

This week has seen significant market movement, with top figures like Cathie Wood, Peter Schiff, and Jerome Powell making notable remarks. Additionally, Moody’s downgraded the U.S. outlook, and renowned economist Mohamed El-Erian discussed inflation’s impact on the Biden administration...

U.S. private businesses experienced a welcome resurgence in economic activity in October, marking a departure from the somewhat stagnant conditions observed throughout August and September. The latest data from the S&P Global Purchasing Managers’ Index (PMI) has provided a glimmer of...

Analysts at Bank of America stated the Federal Reserve will resume interest rate hikes in December 2023, following a period of “watch and see.” In a note released on Friday, the team led by economist Michael Gapen stated they no longer anticipated a rate hike in November. Instead, they...

U.S. retail sales advanced more than expected in September, marking a six consecutive months of gains and highlighting the strong resilience of consumers despite surging inflation and elevated interest rates. Often considered a gauge of consumer health, the retail sales data released on Tuesday by...