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US Economy

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.

US Recession Fears Ease As Consumers Show Resilience: UBS

Fears of a looming US recession are receding as recent economic data points to a more resilient consumer and cooling inflation, according to a note published by UBS on August 16.  The bank highlights the recent rally in US stock markets, with the S&P 500 surging almost 7%

US Economy Grew at a Slower Pace in Q1 2024, Corporate Profits Decline, BEA Reports

The US economy expanded at an annualized rate of 1.4% in the first quarter of 2024, according to the estimate released by the Bureau of Economic Analysis (BEA) on Thursday. This represents a slight upward revision from the second estimate of 1.3% growth, but still signals a significant

Analysts Predict Double-Digit Earnings Growth for S&P 500 in 2024 and 2025, FactSet Reports

Industry analysts are projecting strong earnings growth for the S&P 500 in both 2024 and 2025, with double-digit growth anticipated in both years, according to a note published by FactSet. Analysts collectively predict that the S&P 500 will report year-over-year earnings growth of 11.3% in

Global Manufacturing Growth Gains Momentum in May

The global manufacturing sector continued its recovery in May, with output and new orders expanding at a faster pace, according to the latest J.P.Morgan Global Manufacturing PMI released on Monday. The PMI, a composite index tracking manufacturing activity across major economies, rose to a 22-month high of 50.