Recent survey data revealed that Americans are experiencing a significant level of pessimism regarding their household finances, with expectations indicating a further decline in the future. The proportion of Americans reporting that their financial situation in May was “somewhat worse Read More …
Following a string of crises in recent years, Kristalina Georgieva, managing director of the International Monetary Fund, stressed the need of laying strong foundations that can weather more frequent shocks. “I am concerned that we have not fully grasped that Read More …
On paper, the job market appears quite robust. The 4.3% unemployment rate stands below the 10-year average of 4.6% and the 50-year average of 6.1%. For the second consecutive month, the official government count of jobs added exceeded the forecasts Read More …
Chair Jerome Powell stated on Monday that the Federal Reserve’s response to the US-Israeli war on Iran is significantly influenced by the impact of the conflict on Americans’ inflation expectations. “The tendency is to look through any kind of a Read More …