US consumer growth shows stability in August
WEB2 days ago · Real personal consumption expenditures in the U.S. rose 0.15% month-on-month in August. This figure suggests a strong third quarter for consumer spending. If growth in September is similar, it would translate to quarter-on-quarter growth of over 3% on an annualized basis. Experts expect consumer demand to remain resilient.
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Soft landing for the Fed, but Americans still struggle
WEBSep 3, 2024 · That disparity points to a striking gap between how economists and policymakers assess the past several years of the economy and how many ordinary Americans do, writes AP.In his remarks last month, given at an annual economic symposium in Jackson Hole, Wyoming, Powell underscored how the Fed’s sharp rate hikes succeeded much more than most economists had predicted in taming inflation without ...
Generational wealth gap widens as millennials lag behind
WEBAug 30, 2024 · This is less than the 3.5% they held in 1989, and it means they have less than $60,000 in wealth on average. This data reveals a growing divide: the wealthiest 0.1% are not just outpacing the bottom 50%, but also widening the gap with the top 1% and top 10%. This trend shows that wealth is becoming more concentrated at the top.
US economy experiences below-trend growth - Financial World
WEBAug 20, 2024 · The evidence suggests that the US economy is currently stuck in a rut of below-trend growth. This situation will likely persist if the Federal Reserve does not ease monetary policy quickly enough. The low momentum associated with below-trend growth makes the economy more susceptible to a recession if a …
What frequent shocks and improved risk management mean for …
WEBAug 23, 2024 · These risks can be addressed through targeted measures such as reallocating capital, providing liquidity or changes in fiscal and monetary policy. A key difference between now and a decade or two ago is that investors now experience more frequent and more disruptive shocks, while at the same time, our ability to …
Assessing the Shift in US Economic Exceptionalism Amid Global …
WEBMay 8, 2024 · Recent discussions around the perceived "end of US exceptionalism" have sparked interest and debate among economists and market watchers. This shift in narrative follows a series of economic indicators that suggest a mild slowdown in the US economy. Notably, the April non-farm payroll (NFP) growth was …
Federal Reserve faces challenge in preventing recession - Financial …
WEBAug 14, 2024 · Federal Reserve faces challenge in preventing recession. The last few weeks have been marked by intense discussions about a possible recession in the US. The unemployment rate rose to 4.3% in July, triggering the so-called "Sahm rule", which led to considerable market uncertainty. This rule, named after economist Claudia Sahm, has …
Leap Year's Surprising Impact on Financial Markets and Corporate …
WEBMar 1, 2024 · However, historical data suggests that leap years may not be as favorable for stock performance. The S&P 500 total return index, for example, has shown an average gain of 10.8% during leap years, compared to a 12.8% increase in non-leap years. On February 29 itself, the index has averaged a decline of …
Federal Reserve Adjusts Easing Cycle Timeline, Impacting Global …
WEBApr 30, 2024 · Recent economic data from the United States has significantly shifted projections regarding the Federal Reserve's monetary policy, pushing the expected commencement of the Fed's easing cycle from December 2024 to 2025.This adjustment is a reflection of stronger than anticipated economic indicators, suggesting that the next policy move might be an interest rate hike rather than a cut.