Decline in Construction Spending
In January, both U.S. companies and the government reduced construction projects nationwide due to high interest rates, leading to a 0.2% decrease in construction spending to $2.1 trillion, according to…
The Federal Reserve’s Progress in Slowing Inflation
The president of the Richmond Federal Reserve, Thomas Barkin, has expressed optimism about the central bank's efforts to curb inflation. In a recent interview with Yahoo Finance, Barkin acknowledged positive…
The U.S. Dollar Shows Strong Start in 2024
The U.S. dollar is off to a strong start in 2024, bouncing back after a challenging period that left the currency oversold at the end of last year, as per…
Goldman Sachs Lowers Recession Chances with Confidence in US Economy
Goldman Sachs, a prominent voice in economic discussions, has made a significant adjustment to the likelihood of a U.S. recession. Chief economist Jan Hatzius has reduced the probability of a…