Consumer Demand Seen Driving Import Surge During Holidays

Consumer Demand Seen Driving Import Surge During Holidays

This post was originally published on this siteEconomists estimate the U.S. trade deficit hit a record in November due to strong demand and an easing of supply-chain issues.

Read more
Economy, job growth set to slow but remain strong in 2022 as worker shortages persist and inflation, supply snarls ease along with COVID

Economy, job growth set to slow but remain strong in 2022 as worker shortages persist and inflation, supply snarls ease along with COVID

This post was originally published on this siteEconomy, job growth are set to slow but remain strong in 2022 as worker shortages persist and inflation, supply bottlenecks abate along with COVID     

Read more
Consumer Spending Expected to Have Slowed in November

Consumer Spending Expected to Have Slowed in November

This post was originally published on this siteEconomists surveyed by The Wall Street Journal estimate that U.S. consumer spending rose by 0.6% in November from a month earlier, after climbing 1.3% in October.

Read more
PCE Index Probably Popped Again in November

PCE Index Probably Popped Again in November

This post was originally published on this siteThe Personal Consumption Expenditures index is expected to confirm what other inflation measures have shown: Prices are coming in hot.

Read more
Joe Biden sets 50-year record for economic improvement in first year of presidency: report

Joe Biden sets 50-year record for economic improvement in first year of presidency: report

This post was originally published on this site The U.S. economy has improved more in President Joe Biden’s first year in office than it has under any president in the last 50 years. Bloomberg’s Matthew A. Winkler made the observation in a column on Monday. “U.S. financial markets are outperforming...

Read more
The reasons behind Biden’s plummeting poll numbers

The reasons behind Biden’s plummeting poll numbers

This post was originally published on this site  President Joe Biden delivers the keynote address at South Carolina State University’s 2021 Fall Commencement Ceremony in Orangeburg, S.C., Friday, Dec. 17, 2021. | Carolyn Kaster, Associated Press Americans aren’t as optimistic as they used to be about Biden’s handling of the...

Read more
On The Trail: The economic indicator that could determine the midterm elections

On The Trail: The economic indicator that could determine the midterm elections

This post was originally published on this siteDemocrats hoping to save their narrow majorities in the U.S. House and Senate in next year’s midterm elections are struggling to capitalize on strong economic indicators that point to one of the most robust recoveries in American history but that…

Read more
Holiday Spending Looks Strong Despite Price Rises

Holiday Spending Looks Strong Despite Price Rises

This post was originally published on this siteThe holiday shopping season is likely off to a strong start, with consumers showing robust demand for gifts, dinners out and other products even amid the highest inflation in decades.

Read more
Fed could tackle inflation this week by clearing the way for earlier, faster interest-rate hikes

Fed could tackle inflation this week by clearing the way for earlier, faster interest-rate hikes

This post was originally published on this siteThe Fed has kept its key rate near zero since the COVID-19 pandemic triggered a deep recession in March 2020.     

Read more