economy

US economy is an area of the production, distribution and trade, as well as consumption of goods and services by different methods.

Spending Rebound May Be On Shaky Ground

Spending Rebound May Be On Shaky Ground
Spending Rebound May Be On Shaky Ground
July 30, 2021  |  Economy

A spending rebound, yes — but the question is whether it will be sustainable, or whether the Delta variant will stop consumer sentiment, and the...

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June Spending Up But Delta Variant Darkens Outlook
June Spending Up But Delta Variant Darkens Outlook
July 30, 2021  |  Economy

The spreading Delta variant is casting a dark shadow over the U.S. economic outlook despite June’s 1 percent increase in household spending, The Wall Street...

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New Jobless Claims Drop Amid Variant Rise, Vaccine Unease
New Jobless Claims Drop Amid Variant Rise, Vaccine Unease
July 29, 2021  |  Economy

Applications for initial jobless claims dropped 24,000 to 400,000 for the week that ended July 24, according to the Thursday (July 29) weekly report from...

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CFPB: Credit Applications Returning To Pre-Pandemic Levels
CFPB: Credit Applications Returning To Pre-Pandemic Levels
July 28, 2021  |  Loans

Consumer applications for mortgages, car loans and revolving credit cards had essentially returned to pre-pandemic levels by May, a new report from the Consumer Financial...

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US Consumer Confidence Stays Strong In July
US Consumer Confidence Stays Strong In July
July 27, 2021  |  Economy

The Consumer Confidence Index, sitting at 129.1 in July, is mostly unchanged from its previous several months, according to a report from The Conference Board....

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Goldman Sachs Expects Spending Slowdown In Second Half Of Year, Cuts GDP Forecast 1 Pct
Goldman Sachs Expects Spending Slowdown In Second Half Of Year, Cuts GDP Forecast 1 Pct
July 26, 2021  |  Economy

Goldman Sachs has cut its perception for U.S. economic activity for the near future, with the reasons being twofold: the slowdown in consumer spending and...

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Fed To Discuss Cutting Back On Low Interest Rates Amid COVID-19 Surge, Inflation
Fed To Discuss Cutting Back On Low Interest Rates Amid COVID-19 Surge, Inflation
July 26, 2021  |  Economy

The Federal Reserve is planning to meet this week to discuss when and how it will scale back its low pandemic interest rates, given the...

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Delta Variant, Natural Disasters Strain Global Supply Chains
Delta Variant, Natural Disasters Strain Global Supply Chains
July 25, 2021  |  Economy

Supply chains connecting the world’s economies are at or near the breaking point due to the COVID-19 surge, natural disasters in Asia and Europe and...

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