Donald Trump is scheduled to take charge as the President of United States of America on January 22 and will announce a slew of policy-related decisions. However, the US is likely to witness a slow GDP growth in 2025. The world economy resisted battering by conflicts and inflation last year and is expected to grow … Read more
The agricultural forces in the United States are slowly giving up on themselves, with decreasing incomes and falling of crop prices becoming the biggest issues for farmers across key agricultural regions in the US. Is the United States nearing a farm recession? According to a Wall Street Journal report, farmers in northeastern North Dakota, reportedly, … Read more
Silver prices are somehow becoming a catalyst in giving US banks a massive scare of losses, that can mount to billions in terms of figures. The price surge, driven by a $1.84 per ounce jump, has put a few short positions in a major point of concern. Sources close to the matter estimate that the … Read more
The economy of US is going strong, but has a major chance of facing a hiccup due to impending recession fears and also because of the incoming US Presidential elections 2024, which is scheduled for November. The stock markets are also being a massive headache for economists, as some of the ‘Trump trades’, which are … Read more
The US Federal Reserve finally cut benchmark interest rate by 50 bps to 4-3/4 to 5% for the first time in four years. This marks the kicking off of an easing rate cycle. The Federal Reserve has held its policy rate in the 5.25-5.50% range since July 2023 as inflation rose to a 40-year high … Read more
US central bank poised to cut rates at Sept. 17-18 meeting Fed policymakers focused on cooling labor market Traders expect Fed’s first move to be 25-basis-point cut By Ann Saphir, Lindsay Dunsmuir and Michael S. Derby Sept 6 (Reuters) – Federal Reserve policymakers on Friday signaled they are ready to kick off a series of … Read more
“Xenophobia” from China to Japan and India is stopping their growth, US President Joe Biden argued that migration has been good for the US economy. The remarks came while addressing the Washington fundraising event for his 2024 re-elections campaign and marking the start of Asian American, Native Hawaiian and Pacific Islander Heritage Month. “One of … Read more
Treasury Secretary Janet Yellen said she sees a good chance of the US economy achieving a soft landing, with the unemployment rate — which has ticked up in recent months — averting a sharp increase. “Signs are very good that we’ll achieve a soft landing, with unemployment stabilizing more or less where it is, or … Read more
The chief economists at the American Bankers Association are of the opinion that the US Federal Reserve is done with raising interest rates and will likely to cut them by roughly one percentage point next year, reported the Bloomberg. The latest forecast from the Economic Advisory Committee of the American Bankers Association shows that the … Read more