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Us economy

US economic growth quickens; Fed signals rate hike “soon”

US economic growth quickens; Fed signals rate hike “soon”

The backstory: * When the pandemic hit nearly three years ago, economies around the world shut down while policymakers and governments came together to try to figure out what to do to keep things moving while millions were in lockdown. * In the United States, the answer was to pump US$6

inflation

Jerome promises Americans that the Fed will focus on tackling inflation

This is after Powell said that if inflation gets “entrenched into the economy and people’s thinking then, inevitably, that will lead to much tighter monetary policy from us, and it could lead to a recession." What’s happening with inflation? * Inflation is really high worldwide, but especially in

omicron US economy

What does the omicron variant mean for the US economy?

With news about the omicron variant, though, a lot remains uncertain. For example, some have said that the symptoms from the new strain are milder than many originally thought, which helped steady markets on Monday. What’s going on with the US economy? * So, there’s no denying that the

fed tapering

Fed tapering won’t solve the US economy’s problems, says economics professor Dr. Tenpao Lee

“The Fed, they have a really difficult job because right now they have very limited tools to deal with the economy,” said Dr. Tenpao Lee, an econmics professor at Niagara University in New York to TMS. What’s fed tapering? * When the pandemic hit, the United States Federal Reserve started

Consumers want to spend money, but suppliers can’t keep up. What’s going on with the US economy?

Consumers want to spend money, but suppliers can’t keep up. What’s going on with the US economy?

While the growth reported doesn’t hit the mark, the lower growth isn’t because the economy has failed to grow necessarily, but it’s because suppliers cannot keep up with consumer demand. What’s going on? * You see, the United States missed its mark for its economic growth expectations

biden spending 6 trillion

Biden, his US$6 trillion spending package and a plan to make US more competitive

The spending numbers would push federal spending levels to its highest since World War II. * President Joe Biden has shared his spending package plan, which focuses on healthcare, infrastructure and education. * The plan would push federal spending levels to its highest since World War II. * The main goal with the

Why does the US economy perform better under Democrats than Republicans?

Why does the US economy perform better under Democrats than Republicans?

“Since Carter, no Democratic President has had a recession begin on their watch. At the same time, no Republican President – including the single term Presidents (George H.W. Bush and Trump) – has gotten through their time in the White House without a recession.” Despite the widely held belief that Republicans