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US Economy

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.

US Commercial Real Estate Faces Repricing Risk as Debt Maturities Loom

The US commercial real estate (CRE) market is navigating a challenging landscape, with rising vacancy rates, declining valuations, and a looming maturity wall threatening to further weaken the sector, according to a note published by the Federal Reserve Bank of St. Louis on Thursday. The note highlights the potential for
US Commercial Real Estate Faces Repricing Risk as Debt Maturities Loom

US Economy Slows in Q1 2024 as Corporate Profits Decline, BEA Reports

The US economy grew at an annualized rate of 1.3% in the first quarter of 2024, a significant slowdown from the 3.4% growth recorded in the fourth quarter of 2023, according to the estimates released by the Bureau of Economic Analysis (BEA) on Thursday. This revised figure is

Global House Price Declines Moderate Further in Q4 2023, BIS Reports

Global house prices continued their downward trajectory in the fourth quarter of 2023, though at a more moderate pace, falling by 1.2% year-on-year (yoy) in aggregate and in real terms, according to the latest statistics released by the Bank for International Settlements (BIS). The recent decline in global house
Global House Price Declines Moderate Further in Q4 2023, BIS Reports