US GDP is projected to expand 2.1% in 2024 on a full-year basis, compared with 1% for the consensus of economist forecasts surveyed by Bloomberg. Goldman Sachs Research reaffirms itslongstanding viewthat the probability of aUS recessionis much lower than commonly appreciated — at jus...
Roach, a Yale University senior fellow and former Federal Reserve economist, suggests Fed Chair Jerome Powell has no choice but to take a Paul Volcker approach to tightening. In the early 1980's, Volcker aggressively hiked interest rates to tame runaway inflation. "Go back to the type of pai...
GasBuddy analyst predicts national average for gas to fall below $3 by end of 2025 GasBuddy head of petroleum analysis Patrick de Haan gives his outlook for 2025 with President-elect Donald Trump set to take office on 'Maria Bartiromo's Wall Street.' video Politics Economist makes his pitch...
surveys show an increase in individuals being vaccinated … increased spending intentions and comfort with resuming pre-pandemic behaviors like shopping, travel and family gatherings,” NRF Chief Economist Jack Kleinhenz said.
Chris Williamson, chief business economist at S&P Global Market Intelligence, said: “The first post-election business survey paints a welcoming picture for the new government, with companies operating across manufacturing and services having gained optimism about the future.” ...
Bank of England economist s predict that almost half of all UK jobs are under threat of automation. But could even the admired profession of teaching soon have to compete against powerful electronic educators? At first glance, teaching might seem impossible to be replaced by robots. Teachers use...
Goldman Sachs chief economist Jan Hatzius believes that the recently released high inflation data is only a special phenomenon. Currently, several factors driving the downward inflation rate are still stable. It is expected that the next inflation data will be more moderate, so the forecast for int...
However, since inflation has fallen to its lowest level in nearly three years, many Wall Street economists still believe that the Federal Reserve will start cutting interest rates in the near future. Andrew Hunt, the associate chief US economist at Capital Economics, wrote in a report to clients...
“There’s zero reason to be concerned about the short-term macroeconomic impact of the deficit,” said Harvard University economist Jason Furman, a former economic policy adviser to Obama. “Interest rates are very low. The Fed has a lot of tools to ensure that they stay very low, and th...
“The tide has shifted,” says economist Elina Rebikova for Washington think tank Peterson Institute for International Economics. “We have lost control of chip production.” One address, three companies The investigation revealed three companies based at 135 Bonham Stand sold American...