U.S. Economy

U.S. Corporate Profits Unexpectedly Fell in Q1

Q1 U.S. Corporate Profits (revised) came in at -1.7% QoQ to $3.93 trillion, vs. +3.9% expected and +3.7% in prior quarter.

U.S. Economy

As U.S. Debt Soars past $34 Trillion, Congress has Killed Off its Plan to Tackle the Crisis

The then newly elected House of Representatives’ speaker said in October to establish a bipartisan commission to tackle the federal government’s growing $34.6 trillion in debt.

U.S. Economy

US Economy Slows and Inflation Jumps, Damping Soft-Landing Hopes

U.S. economic growth slid to an almost two-year low last quarter while inflation jumped to uncomfortable levels, interrupting a run of strong demand and muted price pressures that had fueled optimism for a soft landing.

U.S. Economy

Latest U.S. Inflation Report Showed Rising Prices Continue to Weigh on American Consumers

The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures price index, was up 2.5% for the 12 months that ended in February, a faster pace than January’s 2.4% rise in prices.

U.S. Economy

Fed-Favored Inflation Gauge Seen Rising Most in a Year

Underlying U.S. inflation probably rose in January by the most in a year, as tracked by the Federal Reserve’s preferred metric, highlighting the long and bumpy path to taming price pressures.

U.S. Economy

U.S. Retail Sales Dived, Sinking Treasury Yields, but Initial Jobless Claims Slipped by 8,000

Retail sales badly undershot forecasts, including a dive in sales at nonstore retailers like Amazon (AMZN).

U.S. Economy

Slower U.S. Inflation Is Set to Fuel Fed Rate-Cut Optimism

The pulse of U.S. inflation likely continued to slow at the start of the year, helping to feed expectations that the Federal Reserve will find interest-rate cuts more palatable in the coming months.

U.S. Economy

Fed to Hold Interest Rates Steady But Start Considering Cuts

The U.S. Federal Reserve yesterday completed its two-day policy meeting and will likely hold interest rates steady for a fourth straight meeting but avoid signaling an imminent interest-rate cut.

U.S. Economy

Inflation Hotter Than Expected In December—But Core Inflation Falls To 2.5-Year Low

U.S. inflation moderated less than expected last month.

U.S. Economy

Yellen Says U.S. Economy is in ‘Soft Landing’

Treasury Secretary Janet Yellen said Friday the U.S. economy is achieving a “soft landing” as inflation continues to ease without showing signs of a significant economic downturn.

U.S. Economy

U.S. Corporate Bankruptcy Filings Hit the Highest since 2020. More Likely on the Horizon

Investors appear convinced that major Western central banks are close to a much awaited pivot, from raising interest rates to cutting them.

U.S. Economy

Fed’s Favorite Inflation Gauge Shows Prices Rose at 3.2 Percent Annual Rate in November, Less than Expected

The U.S. core personal consumption expenditures price index, PCE, rose just 0.1% in November and was up 3.2% from a year ago, both close to expectations.

U.S. Economy

U.S. Debt in Danger of Downgrade by Moody’s as Shutdown Looms

Moody’s Investors Service on Friday put the U.S. government’s pristine credit rating on a negative outlook, raising the possibility of another downgrade of American debt.

U.S. Economy

The Federal Reserve May Not Hike Interest Rates This Week, but Consumers Unlikely to Feel Any Relief

The U.S. Federal Reserve is expected to announce it will leave rates unchanged at the end of its two-day meeting next week, even though the central bank's preferred inflation indicator remains well above the 2% target rate.