Browsing: U.S. economy

U.S. consumer confidence sinks to early pandemic levels as inflation and tariffs fuel recession fears among Americans.

U.S. stock futures rise as markets stabilize following a sharp sell-off triggered by recession concerns and economic uncertainty.

U.S. jobless claims climbed to 242,000 last week, hitting a three-month high as layoffs increase in both corporate and government sectors. The labor market remains strong.

U.S. stocks dropped Monday after Trump announced tariffs on China, Mexico, and Canada, but pared losses after he delayed Mexico tariffs for one month following talks with President Sheinbaum.

The 10-year Treasury yield hit a 14-month high as investors await inflation reports, with key data on producer and consumer prices expected to influence Federal Reserve policy.

Amid a weakening dollar and rising expectations of a Fed rate cut, gold prices reached a record high of $2,500.99 per ounce, signaling strong market confidence.

Consumer spending in the U.S. experienced a notable boost in July, with retail sectors like autos and electronics leading the gains.

Positive inflation data drives a 317-point surge in the Dow, hinting at a stabilizing economic environment.

Wall Street surged on Thursday following encouraging unemployment data, signaling renewed investor confidence.

IMF boosts 2024 global growth forecast by 0.2 points to 3.1%, crediting U.S. resilience and Chinese fiscal action.