February 21, 2024Asda Report Highlights Significant Rise in British Families' Disposable IncomesIn the UK, households are experiencing an increase in disposable income, reaching a nearly two-year high, according to a survey published by the supermarket chain Asda. The report indicates that the average UK household’s disposable income rose by 6.1% year-on-year to £230 ($182) per week last month, marking the highest level since March 2022. This […] READ MORE February 21, 2024Barkin Admits January's Sticky Inflation Rates Complicate Fed's Path ForwardJanuary’s inflation data has intensified the complexity of upcoming interest rate decisions for the U.S. Federal Reserve, according to Richmond Fed President Thomas Barkin. In a recent interview, Barkin highlighted the persistent issue of inflation, particularly noting the sustained inflation in shelter and services despite a general slowdown in goods prices. While he expressed caution […] READ MORE February 21, 202415 Weakest Currencies in 2024The global foreign exchange market, with an estimated value of $752.7 billion in 2023, is on a trajectory to reach $1023.91 billion by 2028, growing at a compound annual growth rate of 6.5%. This expansion is attributed to the dynamic roles of reporting dealers who ensure liquidity by continually offering buy and sell prices for […] READ MORE February 21, 2024Biden Administration Erases $1.2 Billion in Student Debt for 150,000 AmericansPresident Joe Biden’s administration has made another significant move by cancelling $1.2 billion in federal student loans, benefiting over 150,000 borrowers. This action is part of the Saving on a Valuable Education (SAVE) plan, introduced in January, aimed at providing relief to Americans who have been repaying their student loans for at least ten years. […] READ MORE February 21, 2024Fed Minutes: Patience Prevails as Officials Await Clearer Inflation TrendIn their latest meeting, Federal Reserve officials struck a cautious tone on the prospect of lowering interest rates, emphasizing a balanced approach towards inflation control. Despite acknowledging a significant reduction in inflation from its peak in mid-2022, the highest in over four decades, officials underscored the necessity of more evidence before considering policy easing. The […] READ MORE February 21, 2024The Day the Hunt Brothers Capped the Price of GoldWe’re sharing some little-known facts about the two brothers who attempted to corner the silver market from our very own Mike Maloney. READ MORE February 20, 2024Leading Economic Index No Longer Predicts U.S. Recession -Conference BoardFor the first time since the summer of 2022, the Conference Board’s Leading Economic Index (LEI) no longer forecasts an impending U.S. recession, despite a continuous decline over the past 23 months. In January, the LEI fell 0.4% to 102.7, marking its lowest point since the brief recession in April 2020 triggered by COVID-19 and […] READ MORE February 20, 2024How Productivity Gains Could Shape the Fed's Inflation BattleThe Federal Reserve’s journey towards achieving a ‘soft landing’ for the economy may be bolstered by a remarkable surge in productivity witnessed in the post-Covid era. Wall Street economists are optimistic that the trend of high productivity growth, which has seen an average increase of 3.9% over the last three quarters — a rate more […] READ MORE February 20, 2024Household Debt Climbs but Economy Shows Signs of Robust GrowthIn January 2024, U.S. retail and food service sales saw a modest increase to $700.3 billion, marking a 0.6% rise from the previous year, according to Census Bureau data. This uptick in consumer spending has contributed to a significant rise in household debt, reaching $17.5 trillion in the fourth quarter of 2023, as reported by […] READ MORE « Previous 1 … 16 17 18 19 20 … 44 Next »
