US economy

Renowned economist Nouriel Roubini recently expressed his apprehensions about President-elect Donald Trump‘s second term. What Happened: Roubini, who gained the moniker “Dr. Doom” after correctly predicting the 2008 global financial crisis, shared his economic predictions for...

A Goldman Sachs economist has suggested that the US economy could experience accelerated growth with increased use of GLP-1 weight-loss drugs like Ozempic. What Happened: Jan Hatzius, chief economist at Goldman Sachs, has said that US GDP could potentially grow an additional 1% if 60 million...

Skybridge Capital founder Anthony Scaramucci anticipates a significant increase in Bitcoin’s value, foreseeing a potential shift towards a less politicized regulatory environment for cryptocurrencies under the upcoming U.S. administration. What Happened: Scaramucci, who will be a headline...

As Americans express concerns about the economy ahead of the presidential election, Steve Schwarzman, CEO of Blackstone Inc. (NYSE:BX), has assured that the U.S. will avoid a recession, regardless of whether Donald Trump or Kamala Harris wins. What Happened: During an interview in Tokyo, Steve...

Jamie Dimon, CEO of JPMorgan Chase & Co. (NYSE:JPM), issued a stark warning about challenges that could affect the U.S. economy. What Happened: In the bank’s third-quarter earnings release, Dimon highlighted several critical global risks that could disrupt both economic and geopolitical...

John Williams, President of the New York Federal Reserve, expressed confidence in the Federal Reserve’s strategy to achieve a soft landing for the U.S. economy. He emphasized the central bank’s current monetary policy as effective in sustaining economic growth while curbing inflation....

Robert Kiyosaki, the renowned financial educator and the author of the best-selling book Rich Dad, Poor Dad, recently expressed his concerns over the escalating U.S. debt. What Happened: In a series of posts on X last week, Kiyosaki warned about the growing $35 trillion U.S. debt, calling it...

In the wake of rising concerns about the U.S. economy and European consumer spending, debt investors are increasingly resorting to insurance against corporate bond defaults. What Happened: The cost of insuring a group of North American high-grade credits against default experienced a significant...

Prominent economists and analysts continue to emphasize the historic and extraordinary performance of the American economy in recent years, despite the significant hurdles posed by high interest rates. Last week, the Bureau of Economic Analysis reported a surprising real GDP growth of 2.8% in the...

The U.S. economy initially showed greater resilience than expected after the Federal Reserve began raising interest rates in March 2022. But, more than two years later, it seems to be “in a state of unstable equilibrium, with powerful forces pulling the economy in oppositive directions,...

U.S. Treasury Secretary, Janet Yellen, expressed confidence in the U.S. economy, predicting inflation to return to normal levels by 2024. She also discussed potential strategies to counter threats from China’s excess industrial capacity. What Happened: In an interview on Thursday, Yellen...

The International Monetary Fund (IMF) has recently raised alarms over the fiscal health of the United States, with potential repercussions for the global economy. What Happened: The IMF has voiced serious concerns about the sustainability of U.S. fiscal policies and their implications for both...

Wall Street veteran investor Ed Yardeni has spotlighted potential turbulence ahead for the S&P 500 index, forecasting a “classic 10% correction” in the coming months. This prediction comes as markets digest a scenario where the U.S. economy avoids any hard or soft landing, an...

Financial analyst Gordon Johnson has voiced strong criticism towards Federal Reserve Chairman Jerome Powell, referring to him as the “gaslighter-in-chief” in relation to the growing national debt. What Happened: During CNBC’s “Last Call” on Monday, Johnson expressed...

In a recent interview, Greg Abbott (R), the Governor of Texas, made a bold assertion that the economic strides made by his state are propelling the entire U.S. economy forward. This statement comes amid various economic indicators and expert analyses that paint a complex picture of the national...