US Budget Deficit Soars to $1.833T: Implications for Global Economy
US federal budget deficit hits $1.833 trillion in 2024, the highest since COVID-19, raising concerns about the dollar’s global dominance and economic stability.
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US Anticipates First Interest Rate Cut Since March 2022
Americans brace for a potential interest rate cut by the Federal Reserve in September, marking the first since March 2022.
US Unemployment Rises to 4.3% in July, Fueling Fed Rate Cut Talks
July’s rise in US unemployment to 4.3% fuels discussions on potential Federal Reserve rate cuts and raises concerns about economic slowdown and election impacts.
US Q2 GDP Surges 2.8%, Outpacing Expectations
The US economy exceeded expectations in Q2, with GDP growth accelerating to 2.8% driven by robust consumer spending and inventory buildup.
Biden’s Tariff Hike on Chinese Imports Sparks US Economic and Climate Concerns
President Biden’s new tariffs on Chinese imports have sparked debates on their impact on the US economy and climate change efforts, with experts and officials voicing concerns.
Yellen’s Visit to the Chinese Mainland Seeks to Rebuild US Economic Ties
U.S. Treasury Secretary Janet Yellen’s visit to the Chinese mainland aims to stabilize and revive economic ties amid ongoing trade tensions and efforts to secure global supply chains.
Yellen Criticizes Trump’s China Policy for U.S. Vulnerability
Treasury Secretary Yellen criticizes Trump’s China policy for making the U.S. more vulnerable and isolating it on the global stage, impacting economic opportunities.
JPMorgan CEO Jamie Dimon Warns U.S. Economy is ‘in a Sugar High’
JPMorgan CEO Jamie Dimon advises caution about the U.S. economy, describing it as being in a ‘sugar high’ despite positive sentiment.
The Boiling Pot: Navigating Inflation and Industrial Policies in the US Economy
Explore how the US balances controlling inflation with targeted industrial policies, shaping economic growth and stability.
US Faces Economic Challenges in 2022: Income Down, Poverty Up
In 2022, the US saw a drop in median household income and a rise in poverty rates, signaling economic challenges for many families.