Tag: Federal Reserve
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Consumer Spending Drops in January, Signaling Potential Slowdown
Consumer spending saw a sharp decline in January, raising concerns about a potential slowdown in economic growth, according to a Commerce Department report released...
US Consumer Debt Delinquencies Hit Highest Level Since 2020
Rising Delinquencies Signal Financial Struggles
Americans are falling behind on their debt payments at the highest rate in nearly five years, according to a new...
Bank of America CEO: Fed Likely to Delay Rate Cuts
Consumer Spending Signals Strong Demand
Bank of America CEO Brian Moynihan said Wednesday that strong consumer spending in early 2025 suggests the Federal Reserve may...
U.S. Adds 143K Jobs in January, Unemployment Drops to 4%
The U.S. economy added 143,000 jobs in January, falling short of the expected 170,000, according to the Bureau of Labor Statistics (BLS). However, the...
Trump Inherits Strong Economy but Faces Inflation
What Happened
As President Donald Trump begins his second term in office, he inherits a U.S. economy in strong shape, with low unemployment, steady wage...
