An initial reading of third-quarter gross domestic product indicated that the US economy expanded at an inflation-adjusted annualized rate of 4.3%, significantly outpacing the 3.8% recorded in the second quarter, as per data released by the Commerce Department on Tuesday. Read More …
The most recent official inflation data released prior to the Federal Reserve’s upcoming policymaking meeting was a report delayed by the shutdown, indicating that the rate of price increases persisted in September while consumer spending declined following a summer surge. Read More …
Americans, frustrated by prolonged inflationary pressures, are entering the 2025 holiday shopping season with a combative mindset. However, this holiday shopping season may appear significantly more robust than one might anticipate – at least in theory. High-income consumers continue to Read More …
As we commenced this week, the prevailing sentiment regarding the American economy was predominantly pessimistic. However, following what seemed, at least superficially, to be a robust jobs report and impressive earnings from Nvidia and Walmart – all occurring within approximately Read More …