Whopping 60% of Americans Wrongly Believe US Economy is in Recession
Most Americans have a negative view of the U.S. economy, incorrectly attributing recession to President Biden, despite positive economic indicators. [ more ]
The Fed's next inflation report could show easing of core inflation
Inflation levels in the U.S. are being closely monitored for signs of decline, potentially impacting the economy and the upcoming presidential race. [ more ]
Recent macroeconomic data reflects U.S. economic strength, not weakness, with consumer demand remaining high despite challenges like inflation.
Pessimists had to acknowledge the U.S. economy's resilience with moderated inflation and sustained growth, dispelling concerns of a looming economic downturn. [ more ]
Krugman: Preparing for the dangers of a second China shock
President Joe Biden's administration is also implementing protectionist measures, challenging the traditional free-trade stance.
Biden's tariffs on Chinese goods are a strategic move to prevent a second 'China shock' and safeguard key aspects of the administration's agenda. [ more ]
Employment data is crucial for assessing the health of the economy; the April 2024 US data fell short of expectations, signaling potential job creation and economic growth slowdowns. [ more ]
Logistics Report: Canada's Railroads Face Strike Threat; Brazil's Embraer Plots a Bigger Jet
U.S. factory activity contracted in April, job openings decrease, Chinese EV makers saw higher sales, European carmakers lagged, Kraft Heinz sales fell, severe tornado hits Dollar Tree distribution center. [ more ]
Big Tech keeps spending billions on AI. There's no end in sight.
Tech giants like Google, Microsoft, and Meta are significantly increasing their investments in AI, with plans to spend tens of billions more, leading to increased demand for computer chips and potential strains on the U.S. electrical grid. [ more ]
The U.S. Is Reaping the Benefits of Low Unemployment
The US economy created 2.7 million jobs in 2023, with a total non-farm employment of 157.2 million.
During the first three years of the Biden Administration, more than twice as many jobs were created compared to the equivalent period in the Trump Presidency. [ more ]
Economic Dividend of Immigration Faces Legal and Logistical Hurdles
Immigration has fueled U.S. economic recovery post-pandemic by filling labor force gaps and meeting long-term work force needs.
Balancing job seekers with opportunities through immigration can help moderate wage inflation, keep prices in check, and address labor demand gaps. [ more ]
Why the Cost of Biden's Climate Law Keeps Going Up
The estimated price tag for President Biden's clean-energy and climate agenda has effectively doubled since the Inflation Reduction Act was signed into law.
The rise in price tag is due to forecasters' belief that the law will be more popular than originally expected. [ more ]