The United States has been likened to an emerging market country in recent weeks, given its sliding currency, threats to central bank independence and concerns about foreign capital flight. So might there be circumstances under which the U.S. would borrow from the playbook of an actual EM country – Argentina – to lessen its gargantuan … Read more
U.S. economic growth appears to be slowing, with consumer spending growing modestly, a rush of imports to avoid tariffs likely to weigh on estimates of gross domestic product, and sentiment souring, U.S. Federal Reserve Chair Jerome Powell said on Wednesday. “Despite heightened uncertainty and downside risks, the U.S. economy is still in a solid position,” … Read more
US consumer inflation cooled last month on plunging gas prices, according to government data published Wednesday, as consumers and businesses waited nervously for President Donald Trump’s sweeping tariffs to come into effect. The US leader last week announced levies as high as 50 percent on imports from some countries, sending stock markets tumbling and bond … Read more
Wall Street analysts and economists have converged on a more turbulent near-term trajectory for the US economy. The outlook is bumpier than anticipated, with lower growth rates, greater inflationary pressures, and more complicated international economic and financial interactions. However, opinions still diverge sharply on the longer-term prospects, with some believing the US is sharpening its … Read more
Florida: President Donald Trump is dismissing business concerns over the uncertainty caused by his planned tariffs on a range of American trading partners and the prospect of higher prices, and isn’t ruling out the possibility of a recession this year. After imposing and then quickly pausing 25% tariffs on imports from Mexico and Canada that … Read more
Global investors are about to get a taste of what Donald Trump‘s return to the White House might mean for markets, global trade and international relations. Trump‘s inauguration on Jan. 20 as the 47th U.S. president will likely bring with it a Day One-barrage of executive orders on anything from taxes to tariffs, just as … Read more
“So, the US data, there is one other piece of data, the CPI data that is coming out in the coming week that could be impactful. But barring any big surprises there, I think we are on track for a 25 basis point cut,” says Arvind Sanger, Geosphere Capital Management. Wanted to get in your … Read more
U.S. Vice President Kamala Harris said that her priority would be to reduce the cost of living and reform the broken immigration system if elected President.In an interview with “The Big K Morning Show” in Pittsburgh, Harris said, “Bringing down the cost of living for folks. I have a package of plans that address that.” … Read more
For all the bold talk of tariffs and price controls, the economic legacy of the next president will mostly depend on something far more mundane: the tax code — specifically, the 2017 Tax Cut and Jobs Act, much of which will expire next year. Whoever is in the White House, working with whichever party controls … Read more
Washington: America’s employers added just 12,000 jobs in October, a total that economists say was held down by the effects of strikes and hurricanes that left many workers temporarily off payrolls. The report provided a somewhat blurry view of the job market at the end of a presidential race that has pivoted heavily on voters’ … Read more