Annual inflation increased to a three-year peak of 4.2% in May, highlighting the impact of high energy prices on the US economy, as reported by the Bureau of Labour Statistics. Prices increased by 0.5% on a monthly basis, influenced by Read More …
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 …
The US labour market seems to have stabilised: The economy added 172,000 jobs in May, exceeding expectations, according to new data from the Bureau of Labour Statistics released on Friday. The latest jobs report offered some reassurance regarding the stabilisation Read More …
President Donald Trump committed to reinstating his tariff regime following setbacks in the Supreme Court and various legal challenges. Now, he’s executing his strategy — but not in the brash, impulsive, all-caps late-night social media posts manner that once characterised Read More …
US businesses are disregarding those “Now Hiring” signs: Job openings surged significantly in April, reaching their highest level in almost two years, according to data. However, the latest examination of labour turnover also indicated that those job postings aren’t necessarily 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 …
Recent research from the Federal Reserve Bank of New York indicates a significant rise in the number of Americans facing challenges in securing adequate food supplies over the past few years. This trend is likely influencing the historically low levels Read More …
Americans exhibit a profound dissatisfaction with the current economic conditions. A closely monitored indicator of US consumer sentiment declined to a new historical low in May, as reported by the latest survey. The May consumer sentiment index experienced a decline Read More …
Kevin Warsh was sworn in Friday at the White House as Chairman of the Board of Governors of the Federal Reserve System, succeeding Jerome Powell in one of the world’s most influential economic roles. Warsh, 56, assumes the four-year position Read More …
Kevin Warsh was confirmed by the Senate on Wednesday to take on the role of the 17th chair of the Federal Reserve. He steps into a central bank that has faced significant political pressure from President Donald Trump, amid an Read More …
