Economic Analysis: Expectations on the Impact of Trump's Tax Cuts and Deregulation on Economic Growth
Economists from Goldman Sachs have presented their analysis of the effects of tax reforms and deregulation proposed by the Trump administration on the economic growth of the United States. In their report, they determined that these measures indeed led to an increase in GDP growth rates, but there are also negative aspects related to tariffs that could hinder economic development.
Continue reading
Federal Reserve Makes Interest Rate Decision for November 2024
In fact, the Federal Reserve of the United States is easing its position on raising interest rates for the first time in several months. This is important for the country’s economy, as inflation has been steadily rising and market dynamics have been fluctuating recently. In its latest meeting, the Fed decided to maintain rates at current levels, which was interpreted as a sign of confidence in the resilience of economic growth and possibly reducing inflation expectations.
Continue reading
US Retail Sales Surge: An Unexpected Boost
Recent data on retail sales in the United States revealed an unexpected increase, surprising economists and analysts. According to a report published on Monday, sales rose by 0.6% in August compared to the previous month, significantly above expectations. Economists had previously predicted a mere 0.1% growth.
Continue reading
Increase in US Consumer Sentiment Amid Declining Inflation Expectations
A recent report has shown that consumer confidence in the United States continues to improve, presenting a positive signal for the economy. The primary factor contributing to this enhancement has been the decreasing inflation expectations among the populace. According to a survey conducted by the University of Michigan, the consumer sentiment index rose from 69.5 to 71.3 in September, indicating growing hopes for price stability.
Continue reading
The Federal Reserve Considers Rate Cut to Support the U.S. Economy
In light of the current economic realities, the Federal Reserve (Fed) of the United States is on the verge of making a key decision regarding the potential reduction of interest rates by 0.25% in an attempt to stimulate economic growth and support employment. This decision could have a significant impact on both financial markets and the country's economic situation.
Continue reading
US Trade Deficit Widens to $78.8 Billion - Highest in Two Years
The US trade deficit widened in July 2024, reaching $78.8 billion, marking the highest level in two years. This increase of 11.6% from the previous month came amid a surge in imports that significantly outpaced exports. The widening deficit reflects the economic changes that have occurred in the country and globally in recent months, including shifts in supply chains and changes in consumer demand.
Continue reading
U.S. Manufacturing Activity Declines for the Fifth Straight Month
Recent data from the Institute for Supply Management (ISM) indicates that manufacturing activity in the U.S. continues to contract for the fifth consecutive month. The manufacturing activity index fell to 47.6 in August, which is below the neutral mark of 50. This value represents the lowest level since May 2020. The ongoing decline in activity suggests that the manufacturing sectors are grappling with new challenges amid changing economic conditions.
Continue reading
Improvement in US Consumer Sentiment: First Positive Signs in Five Months
Consumer sentiment in the United States has shown an increase for the first time in the past five months. According to the latest data, the Consumer Sentiment Index, published monthly by the University of Michigan, rose to 65.7 in August from 64.4 in July. This change indicates that consumers are feeling more optimistic about economic conditions, despite ongoing inflation and rising interest rates.
Continue reading
Weak US Workforce Growth: What Awaits Us in the Next Decade?
According to recent data, the US workforce is expected to grow by only 0.4% per year over the next decade. This indicates that the expansion rate of the labor market remains at a very low level, which can have serious consequences for the country's economy. Experts link this forecast to several factors, including an aging population, declining birth rates, and a steady rise in automation in production and service enterprises.
Continue reading
Jerome Powell's Stance on Interest Rates and the Future of the US Economy
At the recent conference in Jackson Hole, Federal Reserve Chairman Jerome Powell focused on the current economic situation in the country and potential changes in monetary policy. In his speech, he confirmed that the Central Bank is closely monitoring inflation indicators and other economic factors that may affect the decision on interest rates.
Continue reading