In the third quarter of 2024,optimism in the US economy grew to its highest level in a year. Nevertheless, many of the same dynamics that have characterized consumers’ feelings in the past year—including a cautiousness toward spending and a simultaneous willingness to splurge—remain evident. W...
the impact on GDP growth is likely to diminish this year. Like other macro models, our analysis shows that the peak impact of rate hikes on GDP growth is front-loaded. In other words, the drag on U.S. GDP growth from recent aggressive Federal Reserve policy will fade as 2023 progresse...
The Midwest will also continue to see some increased housing demand because of the federal government’sinvestmentin semiconductor manufacturing, Hepp said. Consumer spending will ‘push the economy forward’ Konczal and Zandi said they aren’t concerned that there will be enough of a significant cha...
US Federal Reserve Sticks to Spending Plan amid Slow RecoveryWASHINGTON, Dec. 15 (AFP) - The US Federal Reserve Tuesday steered a steady course through the shallow economic recovery, sticking to a massive spending plan and interest rates close to zero for the second year.Manila Bulletin...
The Midwest will also continue to see some increased housing demand because of the federal government’sinvestmentin semiconductor manufacturing, Hepp said. Consumer spending will ‘push the economy forward’ Konczal and Zandi said they aren’t concerned that there will be enough of a significant cha...
Economists see an overwhelming chance that theU.S. economy sinks into a recessionnext year as a result of the Federal Reserve's massive interest rate hikes. The probability of a downturn in 2023 climbed to 70% in December, according to the latest Bloomberg monthly survey of economists, u...
The latest McKinsey Consumer Pulse Survey shows that in the wake of inflation and a tight labor market US consumers are now spending in contradictory ways.
The nonpartisan Congressional Budget Office (CBO) has projected the debt held by the public will reach a record level of more than 106% of GDP in 2027.独立机构国会预算办公室预测，2027年美国债务将刷新纪录，达到GDP的106%以上。This year the federal government is projected to run a $1.9 ...
The U.S. national debt surpassed $35 trillion for the first time in the nation's history on Monday as the federal government continues to accumulate debt at a record-setting pace. 近日,随着美国联邦政府继续以创纪录的速度积累债务,美国国债历史上首次超过35万亿美元。
At present, the United States Federal Government has a national debt of $31.4 trillion, which is higher than the gross domestic product (GDP) of the country itself. The surge in debt can be attributed to an increasing scope of government spending, which currently amounts to $1.1 trillion a...