Tag Archives: US Economy

The United States economy exhibited stronger-than-previously-reported growth in the fourth quarter of 2023, propelled by robust consumer spending and increased business investment in nonresidential structures, according to the latest data from the Commerce Department’s Bureau of Economic Analysis. Gross domestic product (GDP) expanded at an annualized rate of 3.4% in …

Although the collapse of the Francis Scott Key Bridge in Baltimore is considered a significant setback, a number of experts believe that the US economy as a whole is unlikely to be severely damaged. Nonetheless, a thorough investigation of this incident’s effects is necessary.Impact on the Nation Mostly Controllable Minimal …

The US central bank raised its forecast for GDP growth in 2024 from 1.4% in its December outlook to 2.1%, this was based upon the US economy’s continued resilience against the currently high interest rates as well as the efforts by the Fed to combat inflation, so far. The US …

After US Fed Chair Jerome Powell stated that the Fed does not anticipate an increased danger of recession in the US economy, WTI US Crude Oil surged to its highest bids in a week. WTI immediately changed direction and dropped back into the $78.50 range, but it is still in …

Gold price trades near a two-month high as Fed rate-cut bets for June deepen. Weak US Manufacturing PMI data weighs heavily on the US Dollar. Fed Powell may provide fresh insights on the timing for rate cuts this week.Earlier on the day, gold price was hovering near a two-month high …

On Monday, the US dollar traded within a narrow range, facing pressure from declining Treasury bond yields as investors awaited key economic data for clues on the Federal Reserve’s potential interest rate cuts. Bitcoin surged to its highest levels in over two years, buoyed by significant inflows into cryptocurrency funds …

Introduction: Gold Market Steadies Amidst Yield Retreat and Dollar Uptick Gold prices found stability on Wednesday as a retreat in yields on US Treasury bonds partially offset the impact of a stronger dollar. Traders remained vigilant for key inflation data releases and statements from US Central Bank officials, seeking clues …

US Treasury bond yields have continued to rise since the beginning of daily trading on Tuesday, driven by anticipation of many batches of economic data, statements by Fed officials, and earnings reports, as this week’s economic agenda is busy with many influences on price movement.Despite its tendency to rise, the …

Dollar Resumes Decline Amidst Yield Slowdown and Market Anticipation In European markets on Monday, the US dollar faced renewed downward pressure against a basket of global currencies, marking a continuation of losses halted in the previous session. This decline signals a trajectory towards testing the lowest levels seen in three …

Dollar Resumes Decline Amidst Yield Slowdown and Market Anticipation In European markets on Monday, the US dollar faced renewed downward pressure against a basket of global currencies, marking a continuation of losses halted in the previous session. This decline signals a trajectory towards testing the lowest levels seen in three …