Tag: US economy

January 30, 2023

Ongoing issues, such as the effects of the COVID-19 pandemic and a new conflict in Europe, have disrupted the global economy and affected most countries around the world. The US is no exception, and the American economy seems to be […]

November 14, 2022

GOLD’S IMPRESSIVE ADVANCE NOW SHOWS SIGNS OF POSSIBLE FATIGUE Gold has experienced a sizeable rise since the rather mixed jobs report from the US Department of Labor Statistics on November the 4th. The 261,000 jobs added to the US economy […]

November 7, 2022

The US job market growth remained robust in September, although recession fears are now on the rise. According to the Bureau of Labor Statistics, 263,000 new jobs were created last month, and the unemployment rate fell to 3.5%. However, the […]

November 4, 2022

EUR/USD RATE SUSCEPTIBLE TO STRONG US NFP REPORT EUR/USD trades back below the 50-Day SMA (0.9873) after failing to test the September high (1.0198), and the exchange rate may struggle to retain the advance from the yearly low (0.9536) as […]

September 29, 2022

Battered by surging consumer prices and rising interest rates, the U.S. economy shrank at a 0.6% annual rate from April through June, the government announced Thursday, unchanged from its previous second-quarter estimate. It marked the second consecutive quarter of economic […]

September 12, 2022

THE STATE OF THE ECONOMY After a record resurgence out of the depths of the coronavirus pandemic, the US economy has been struggling in recent months. The 2Q’22 US GDP report showed the economy contracted by -0.9% annualized, marking the […]

July 29, 2022

Tech giants Apple and Amazon saw dips in profits but still defied expectations as the US economy teeters on the edge of a recession. The results came after the iPhone maker warned that its revenue would be depressed amid supply […]

July 28, 2022

The U.S. economy shrank from April through June for a second straight quarter, contracting at a 0.9% annual pace and raising fears that the nation may be approaching a recession. The decline that the Commerce Department reported Thursday in the […]

July 22, 2022

Not only has the pandemic disrupted the lives of people living in the US and abroad, but it has also caused numerous global economic challenges. From putting an enormous strain on the healthcare systems of almost every country to changing […]

June 30, 2022

Asian stock markets were mixed Thursday after the U.S. economy contracted and China reported stronger factory activity. Shanghai and Hong Kong gained, while Tokyo and Seoul declined. Oil prices advanced. Wall Street’s benchmark S&P 500 index edged down 0.1% on […]

May 24, 2022

The US economy has faced numerous problems during the last two and a half years—from a pandemic, to rising inflation during a new geopolitical crisis. With Vladimir Putin’s Russia launching an unjust war in Ukraine, and no end to that […]

April 28, 2022

The commerce department’s first estimate for January to March gross domestic product (GDP) showed an annual rate contraction of 1.4%. Economists had predicted growth of 1.1% – down from the 6.9% annual rate witnessed in the final three months of […]

January 12, 2022

Crude oil prices rose sharply overnight, smashing through $80.00 per barrel as the commodity continued its ascent from the multi-month December low. A weaker US Dollar provided an additional tailwind for WTI prices after Federal Reserve Chair Jerome Powell affirmed […]

January 6, 2022

Gold traders are unlikely to see substantially higher prices over the coming weeks and months after the Fed ramped up its hawkish rhetoric last night, suggesting that interest rates will be raised sooner than current market expectations. The Fed also […]

November 5, 2021

US stocks signaled new record highs Friday as an upbeat jobs report boosted economic optimism in the country. The benchmark S&P 500, which closed at a record high for the 63rd time in the previous session on Thursday, added to […]

September 3, 2021

Hiring slowed sharply in August as employers added a disappointing 235,000 jobs, with COVID-19 surges dampening both consumer demand and Americans’ willingness to return to work. Restaurants and bars, which had been driving record employment gains, shed jobs. The unemployment […]

August 30, 2021

It comes as no surprise that the COVID-19 pandemic is still reshaping economies around the world, especially with new variants of the virus emerging. Global shares have already seen a drop as investors are increasingly more concerned about a surge […]

July 14, 2021

Federal Reserve Chair Jerome Powell suggested Wednesday that inflation, which has been surging as the recovery strengthens, “will likely remain elevated in coming months” before “moderating.” At the same time, Powell signaled no imminent change in the Fed’s ultra-low-interest rate […]

June 24, 2021

The U.S. economy grew at a solid 6.4% rate in the first three months of this year, setting the stage for what economists are forecasting could be the strongest year for the economy in possibly seven decades. The Commerce Department […]

December 17, 2020

The number of Americans applying for unemployment benefits rose again last week to 885,000, the highest weekly total since September, as a resurgence of coronavirus cases threatens the economy’s recovery from its springtime collapse. The Labor Department said Thursday that […]