Economic growth accelerated more than expected in the spring as cooling inflation and a strong labor market allowed consumers to continue spending even as high interest rates weighed on their finances. Inflation-adjusted gross domestic product rose 2.8 percent annually in the second quarter, the Commerce Department said Thursday. That was faster than the 1.4 percent…
Gross domestic product was expected to rise 2.1% on an annual basis in the second quarter. Source link 2024-07-25 15:45:07 www.cnbc.com
At the first Democratic presidential debate in 2019, Kamala Harris, then a senator from California, delivered a scathing criticism of the Trump economy. The future vice president called President Donald J. Trump’s tax cuts a gift to the rich, argued that the booming stock market is leaving the middle class behind and warned that his…
The U.S. economy is growing slower than expected and inflation remains stubbornly high worldwide, two developments that pose risks to the global economy, the International Monetary Fund said on Tuesday. The IMF’s latest World Economic Outlook report has highlighted persistent vulnerabilities that could derail a so-called soft landing for the global economy – a global…
[The stream is slated to start at 12:30 p.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Jerome Powell will address the Economic Club of Washington, DC on Monday as traders look for clues on when the central bank will cut interest rates. Powell…
Former US President Donald Trump during a campaign rally at the Trump National Doral Golf Club in Miami, Florida, USA, on Tuesday, July 9, 2024. Eva Marie Uzcategui | Bloomberg | Getty Images As markets have increased their bets in recent weeks that Donald Trump will win the presidential election, economists at Goldman Sachs say…
When Donald J. Trump became president in 2017, prices had risen about 5 percent over the previous four years. If he wins the race for the White House in 2024, he would take office at a time when the number of popular votes has increased by 20 percent and counting. That’s a very different economic…
The travel industry is in the midst of another hot summer as Americans head to the airport to take advantage of slightly cheaper flights and gas. But the holiday outlook for 2024 isn’t entirely rosy: Like the rest of the American consumer experience this year, it’s sharply divided. Many wealthier consumers – always the lifeblood…
Former US President and Republican presidential candidate Donald Trump speaks during his campaign rally on June 18, 2024 in Racine, Wisconsin, USA. Brendan Mcdermid | Reuters Former President Donald Trump gave a brief glimpse Saturday of the ammunition he is building against President Joe Biden’s handling of the economy ahead of next week’s first presidential…
Die Stimmung der Verbraucher hinsichtlich der Wirtschaftslage könnte für die Präsidentschaftswahl 2024 von entscheidender Bedeutung sein. Präsident Biden ringt immer noch damit, wie er eine seiner größten Schwächen angehen kann: die Inflation, die sich in letzter Zeit abgekühlt hat, aber in seinen ersten Amtsjahren stark angestiegen ist. Die häufigen wirtschaftlichen Prahlereien des ehemaligen Präsidenten Donald…
