U.S. Economy

The odds of the U.S. entering a recession in 2025 have plummeted sharply on prediction platforms, aided by a de-escalation in the U.S.-China trade conflict. What happened: Wagers in favor of a contract titled "US recession in 2025?" dropped from a peak of 66% in early April to 39% currently on...

Cryptocurrency analyst Lark Davis painted a rosy picture for the long-term prospects of the crypto industry, predicting significant upside for the next 12 months. What Happened: In a post on social media platform X, Davis stated that gold prices are currently at an all-time high. He interprets...

Mohamed El-Erian, the chief economic advisor at Allianz, took to X, formerly Twitter, to highlight a significant economic indicator that points to a slowdown. He referred to the “monthly measure of job vacancies,” which dropped from 8.35 million to 8.05 million, the lowest in three...

Former Treasury Secretary Larry Summers has warned that the Federal Reserve might not tighten its monetary policy as much as the market expects, potentially putting the market at risk of entering a bubble. What Happened: Summers, speaking to Bloomberg, pointed out that despite the Fed’s...

JPMorgan CEO Jamie Dimon has expressed his concerns about the U.S. economy, warning of a potential recession and the market’s underestimation of the risks. What Happened: Dimon, speaking at the JPMorgan High Yield and Leveraged Finance Conference in Miami on Monday, cautioned that the U.S....

The economist who introduced the inverted yield curve as a recession predictor has forecasted a slowdown for the U.S. economy in 2024. What Happened: Campbell Harvey, a Canadian economist and researcher at Duke University, has indicated that the U.S. economy is likely to experience a downturn this...

Stocks could witness a surge of up to 12% this year, with no imminent recession on the horizon, as per Rick Rieder, the Chief Investment Officer of global fixed income at BlackRock Inc (NYSE:BLK), the world’s largest asset manager. His optimistic forecast was delivered on “The...

Notable economist Peter Schiff recently expressed concerns about long-term U.S. Treasuries and suggested gold as the new safe asset for investors. What Happened: Schiff shared his views via a tweet on Wednesday, stating, “Right now one of the riskiest financial assets is long-term U.S....

Morgan Stanley on Tuesday said that artificial intelligence (AI) and its related technologies are poised to revolutionize various sectors, dubbing it a pivotal investment trend for the upcoming decade. What Happened: The financial institution delved into the possibility of the current surge in the...

The surge in artificial intelligence (AI) investment could have a more profound effect on the U.S. gross domestic product (GDP) than historical milestones such as the invention of electricity or the emergence of personal computers. That's according to Goldman Sachs (NYSE: GS) eonomists Joseph...

Jerome Powell, Chair of the Federal Reserve, on Wednesday, acknowledged the enduring nature of cryptocurrencies as a category of assets. In a hearing with the House Financial Services Committee, he shared his perspective during a discussion that initially centered on the Federal Reserve's...

On Friday, former Treasury Secretary Larry Summers shared his thoughts on the U.S. economy and the country's global image in light of recent economic data and amid China's increasing influence in the Middle East.  Fed Faces Very Difficult Choices: There is...

In a recent interview, Bob Nardelli, the former CEO of Home Depot (NYSE: HD), warned that the U.S. economy is “very complex” and cautioned consumers that middle-market companies are under “tremendous pressure.” What Happened: Nardelli shared his...

The U.S. Federal Reserve has stated in its financial stability report that economic, financial, and geopolitical risks have risen across market economies contributing to asset price declines and periods of significant market volatility. These developments and future shocks have the potential to be...

On Monday, The S&P Global U.S. Manufacturing PMI (purchasing managers index) for July was at its lowest in the past two years as output and new orders decreased. “The rising cost of living is the most commonly cited cause of lower sales, as well as the worsening economic outlook,"...