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US Economy

Templeton Joins JPMorgan, T. Rowe in Warning of Higher Treasury Yields

Investment firms are warning of a potential surge in US Treasury yields, with some analysts predicting the 10-year yield could reach 5% or higher, reports Bloomberg. This comes amid growing concerns about the expanding US government debt burden, fueled by a multi-trillion dollar deficit and exacerbated by the potential impact

US Disinflation Stalls, Highlighting Tough Road Ahead

US inflation likely remained stagnant in October, highlighting the uneven pace of easing price pressures as the Federal Reserve aims to return inflation to its target, reports Bloomberg. The core consumer price index (CPI), which excludes food and energy, is projected to have risen at the same pace on both

Trump and Bond Yields

Donald Trump's decisive victory in the presidential race, dubbed by some as the "Super Bowl of Global Politics," triggered mixed reactions across financial markets. While stock indices hit record highs, the US dollar surged, and Bitcoin soared, the bond market responded with a resounding sell-off. This
Trump and Bond Yields

Fed Cuts Rates But Trump's Re-Election Casts Shadow Over Future Policy

The Federal Reserve on Thursday lowered interest rates by a quarter percentage point, marking the second consecutive rate cut as the central bank continues to support the US economy. However, the re-election of Donald Trump, known for his criticism of the Fed and his potential to influence monetary policy, has

Fed Walks Tightrope Between Growth and Inflation

The Federal Reserve finds itself at the crossroads of satisfying Wall Street's desires and adhering to its dual mandate of maximum employment and 2% inflation. Recent developments and statements from Fed officials have highlighted the complexities of this balance. The September Rate Cut and Its Aftermath In September,

Goldman Sachs: US Recession Fears Recede as Job Market Shines

The US economy is showing remarkable resilience, leading Goldman Sachs to significantly downgrade its recession probability forecast. Citing a robust job market and strong economic activity, the investment bank now predicts only a 15% chance of a recession in the next 12 months, down from its previous estimate of 20%

US Labor Market Shows Resilience Despite Global Uncertainties

The US labor market defied expectations with a robust performance in September, potentially easing pressure on the Federal Reserve to aggressively cut interest rates. Despite geopolitical headwinds and concerns about a slowing global economy, US employers added a surprising number of jobs, suggesting continued resilience in the face of rising

Lower Interest Rates Fuel Small Business Growth, Says White House

Lower interest rates are good news for small businesses, according to a blog post published by the White House's Council of Economic Advisers (CEA) on September 30. The post highlights how recent reductions in interest rates and new Administration initiatives will benefit thousands of small businesses across the

Initial Jobless Claims and ISM Services PMI Signal Cooling Labor Market, Boosting Fed’s Rate Cut Confidence

New initial jobless claims and ISM Services PMI data released Thursday offer investors fresh insights into the economy, as reported by Yahoo Finance. This week’s flurry of economic indicators, leading up to Friday’s jobs report, has sparked questions about the Federal Reserve’s monetary policy direction. PGIM Fixed

Nationwide Consumer Spending Growth Fueled by Healthcare, Housing, and Food Services

Consumer spending rose across the US in 2023, according to statistics released today by the U.S. Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased in all 50 states and the District of Columbia, with the percent change ranging from 8.1% in Florida to 4.7% in Iowa.