Fed Officials Signal No Immediate Interest Rate Cuts
Category: Economy Total Views: 64By : Editor Updated: 06-28-2024
May PCE Inflation Rises 2.6% Annually, Meeting Expectations
Comparing May to the same month the previous year, the personal consumption expenditures (PCE) index increased by 2.6%. In keeping with market expectations, this rise reflected ongoing inflationary pressures. With an eye toward preserving steady prices, the Federal Reserve uses the PCE index as a crucial indicator. Monthly prices didn't change from April, even with the steady increase. Consistent annual growth highlig... Read More
High-Income Americans Face Increasing Financial Stress
Category: Economy Total Views: 81By : Editor Updated: 06-27-2024
Economic Health Indicators: Employment and Job Openings
There are indications of health in the economy and a stable job market. During May, employers hired 272,000 new employees. Strong labor demand is suggested by the high number of job openings that persist. The job market appears stable, as seen by the unemployment rate staying at 4%. The development of the economy depends on these encouraging signs. Economic strains still affect a lot of Americans, though. All income levels co... Read More
Key Economic Data Releases Ahead of Biden-Trump Debate
Category: Economy Total Views: 90By : Editor Updated: 06-27-2024
Upcoming Economic Data Releases Ahead of the Trump Debate
Before the Biden-Trump debate, important economic data releases are scheduled. Jobless claim statistics will be made public by the Department of Labor. This will shed light on the labor market as it is right now. Additionally anticipated is a revised estimate of the US GDP. The Federal Reserve is going to publish the PCE index data as well. These measurements can affect how the public perceives things and how the debate tur... Read More
Summer Fuel Demand and Investor Optimism Raise Oil Prices
Category: Economy Total Views: 181By : Editor Updated: 06-26-2024
Oil Prices Rebound Amid Investor Optimism
With investors expecting that forthcoming U.S. inventory data will show higher summer fuel demand, oil prices have recovered. This comeback follows a little setback on Tuesday, when the current rally took a little hiatus. Notable gains this month have come from West Texas Intermediate and Brent crude, which have increased by 5.9% and 4.9%, respectively. After a slow start to the season, analysts are sure that as summer wears on, fuel deman... Read More
Investment Confidence Grows with Fewer Recession Concerns
Category: Economy Total Views: 72By : Editor Updated: 06-26-2024
Recession Fears Decrease Amid Cooling Inflation
A recession worries fewer Americans as inflation slows and the stock market rises. An Allianz Life poll conducted recently indicates that, compared to 64% the previous year, just 55% of Americans now fear an impending recession. This shift in attitude indicates a developing level of optimism about the economic future. These worries have been much allayed by the reduction of inflation, which has given investors a sense of stability. A... Read More