Additionally, our forecasts are for aggregate consumer spending, and as deportations continue, the number of people spending money in the economy will be lower than in the status quo. Nonetheless, the underlying strength of the consumer means we do not see any outright declines in spending. ...
The US economy annually needs over 4 billion tons of new mineral supplies. The value of domestically produced energy and processed materials of mineral origin exceeds $175 billion annually, but domestic production of both raw and processed minerals is not keeping pace with demand....
67 economists (53.6% of total respondents) believed that the US economy has passed its trough and is moving upwards; 49 economists (39.2%) believed that the US economy will hover around its current status for a while;
The prestige of the U.S. dollar is being questioned as the currency weakens and competitors such as theeuroand the renminbi gain strength, an investment manager told CNBC Monday. Though the U.S. economy has been performing well and theFederal Reservehas signaled further interest rate hikes, i...
Meanwhile, according to the MOFA readout, Wang Yi stated that the US “should stop suppressing China in the fields of economy, trade and science and technology, and stop undermining China’s legitimate interests”, while also criticizing the US’s use of “‘overcapacity’ as an excuse to en...
Inside Russia, all aspects of society and the economy have been warped or reoriented in a sprawling effort to support Vladimir Putin’s war effort. And while the vast number of casualties have been sustained by Russia and Ukraine, countries from Australia to Zambia have seen their own fighters...
Deputy Treasury Secretary Wally Adeyemo said on Friday that he is concerned about China's excess manufacturing capacity spilling over to the global economy, even if China's current economic woes are unlikely to slow U.S. growth in the near term. "I am not concerned about the headwinds from...
The reports also offer insight into the overall health of the U.S. economy. If you're a potential home buyer, zero in on the state-level and regional reports for the most relevant numbers. Construction Spending The U.S. Census Bureau puts out a monthly report on new domesticconstruction ...
The petrodollar system has significantly benefited the U.S. economy, helping maintain the dollar's value and status as the world's primary reserve currency. Rise of the Petrodollar The Bretton Woods system of fixedcurrency exchange ratestied to gold through the U.S. dollar collapsed in 1971 ...
Do glittering skyscrapers, extensive high-speed train networks, and a sizable economy, among other accomplishments, suffice to make China a developed economy? A panel of global experts tracking the country's development said an overall economic boom is usually an unreliable gauge. ...