Key Economic Data Releases Ahead of Biden-Trump Debate
Category: Economy Total Views: 190By : 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: 269By : 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: 151By : 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
Key Insights on Friday’s Inflation Report and Fed's Next Steps
Category: Economy Total Views: 226By : Editor Updated: 06-25-2024
Overview of the Inflation Report for Friday
Understanding the state of the economy now depends critically on the inflation report that is due on Friday. The report will center on the Federal Reserve's preferred inflation indicator, the Personal Consumption Expenses (PCE) index. The inflation rates have been declining recently, and this report should offer more proof of the slowing down of price rises. Wall Street Journal and Dow Jones Newswires economists polled for May expect... Read More
Rising Inventory and Incentives Challenge Auto Industry
Category: Economy Total Views: 198By : Editor Updated: 06-25-2024
U.S. Auto Sales are Predicted to Slow Down in the Second Half of 2024
Second-half 2024 is expected to see a slowdown in American auto sales. This comes after an impressive first half, when sales climbed 2.9% over the same period the previous year. A number of issues confronting the sector could impede its ongoing expansion. Potential problems are indicated by growing sales incentives and rising car inventory levels. Uncertainties in the economy, changes in interest rates, and the ... Read More