If the prediction comes true, this round of economic expansion would be the longest one in U.S. history, surpassing the previous record of 120 months of economic expansion from March 1991 to March 2001. U.S. President Trump's administration aims to boost annual growth rate to three percent....
A surge in wealth has boosted most US households since 2020 and helped sustain economic growth Yet the robust growth may prove to be a high-water mark for the economy before a steady slowdown begins in the current October-December quarter and extends into 2024. The breakneck pace is expected...
Associated PressJan. 16, 2025 New Washington Governor Outlines Goals as State Faces Multibillion-Dollar Deficit Incoming Washington state Gov. Bob Ferguson outlined his plans to help individuals while also making government more efficient during his inaugural address as the state Legislature convened for...
A research report by a team led by Ruan Jianhong, head of PBOC's statistics and analysis department, was released on Thursday, estimated that China's potential output growth rate during the 14th Five-Year Plan (2021-25) period is 5 to 5.7 percent, reaching the level of a "medium- to h...
economy could see its fastest growth in more than three decades amid business reopenings, employees returning to work, and increased consumer confidence, the National Retail Federation said. In its May issue of the Monthly Economic Review, the NRF said it expects the economy to grow 6.6 percent...
Known as economic indicators, these data quantify various aspects of an economy. Economic indicators measure everything from economic growth to changes in prices to unemployment. Markets can react and change from news about key economic indicators. ...
Best States Best States is an interactive platform developed by U.S. News for ranking the 50 U.S. states, alongside news analysis and daily reporting. The platform is designed to engage citizens and government leaders in a discussion about what needs improvement across the country....
News & World Report and our trusted partners and sponsors. By clicking submit, you are agreeing to our Terms and Conditions & Privacy Policy. Investing Glossary Economies of Scale Definition Here is a comprehensive definition of the important economic and business term economies of scale.Glenn Fy...
Fig. 2. CWT plots for the stock market, the economic policy uncertainty (EPU), the geopolitical risk (GPR), Oil and the COVID-19 counts in the US. These results show that the US markets initially reacted to oil shock, rather than COVID-19 news coming from Wuhan and other areas. How...
The administration has stressed that solid job growth and low unemployment show that the U.S. economy is still growing despite two consecutive quarterly declines in GDP. Speaking from the White House, Biden leaned on remarks that Powell and other economic leaders have made. “Both Chairman Powell...