Economic Overview: U.S. consumer prices increased more than expected in March as Americans continued to pay more for gasoline and rental housing, leading financial markets to anticipate that the Federal Reserve would delay cutting interest rates until September. The third straight month of strong consumer price readings reported by the Labor Department on Wednesday also […]

Economic Overview: The resilience of the U.S. economy really has been remarkable when you consider how much consumer prices have gone up and how aggressively the Federal Reserve has raised interest rates, this according Capital Group U.S. economist Jared Franz. Also, according to Franz – It is a testament to the American consumer and labor market […]

Economic Overview: According to Forbes, The Federal Reserve did an excellent job bringing down inflation in 2023 while avoiding a U.S. economic recession. Investors now anticipate the Federal Open Market Committee, or FOMC, will pivot from rate hikes to rate cuts by mid-2024. However, Fed officials have repeatedly cautioned that the FOMC’s battle with inflation […]

Economic Overview: After defying recession fears this year, the US economy is forecast by Goldman Sachs Research to beat consensus expectations in 2024. US GDP is projected to expand 2.1% in 2024 on a full-year basis, Goldman reaffirmed its longstanding view that the probability of a US recession is at just 15% over the next […]

Economic Overview: A broad slowdown in inflation continued in October, this may end likely the Federal Reserve’s interest-rate increases. This according to the Wall Street Journal. Consumer prices overall were flat last month and rose 3.2% from a year earlier, a slower pace than in September as prices for gasoline fell, the Labor Department reported. […]