Experts caution that Trump’s large bill may have a minimal effect on the economy.
The Senate’s version of President Trump’s domestic policy bill may not meet the ambitious goals set for economic growth and fiscal responsibility, according to economists. While different from the House’s proposal submitted in May, the Senate’s bill retains a similar overall structure, highlighting Trump’s tax cuts as a primary feature. Republicans assert that this measure […]
Argentina’s Economy Grows Faster than China’s in Early 2025
Argentina’s Economy Shows Significant Growth in Early 2025 Argentina recorded a notable 5.8% annual GDP growth in the first quarter of 2025, as highlighted this week. This figure reflects a 0.8% increase compared to the last quarter of 2024, placing Argentina’s growth ahead of China, which saw a 5.4% increase. It’s worth mentioning that this […]
Americans feel negatively about the US economy, with worries about tariffs being the main reason.
In June, Americans’ perception of the economy took a downturn, marking the lowest consumer confidence level since the onset of the Covid-19 pandemic five years ago. The latest consumer confidence index fell to 93, down 5.4 points from 98.4 in May, which was a slight increase from the previous month. This decline surprised many economists […]
Fed Chair Powell says the US economy is in a strong state
Powell Testifies on Economic Outlook Federal Reserve Chair Jerome Powell recently provided insights during a regular update to Congress about the state of the economy, interest rates, and upcoming challenges. In his opening remarks before the House Financial Services Committee, Powell stated that the economy is in a “solid position,” even as concerns grow. He […]
Global economy prepares for effects of US actions in Iran
The recent military strike by the US on Iranian nuclear sites has so far not led to major economic fallout, but the potential for direct conflict raises concerns about the global economy’s stability. Shipping rates have surged, oil prices are climbing, and overall stock markets are feeling the impact. Particular attention is focused on the […]
What is the Strait of Hormuz and what effect does it have on the world economy?
Iran’s Threat to Close the Strait of Hormuz Iran has issued a warning that it may attempt to shut down the Strait of Hormuz as tensions rise following recent US strikes on its nuclear facilities. The implications of this could be significant, especially given the strait’s role in transporting oil and gas. The Iranian government […]
Peter Schiff cautions about the possibility of stagflation in the US economy
Discussion on U.S. Economy with Peter Schiff In a recent episode of “The Kraman Countdown,” Peter Schiff, chief economist at Europacific Asset Management, shared his critical views on the Federal Reserve and the current economic situation. During the show, Schiff commented on the Fed’s decision to keep the benchmark interest rates unchanged after the Federal […]
Voters mirror the economy as Trump maintains his economic approach
Voters’ perceptions of the economy have improved slightly, but sentiments overall are still largely negative. Since President Donald Trump began his second term, the positive assessment of the economy has risen from 21% in March to 28% in April, reaching 31% in the most recent FOX News survey. In June 2024, it peaked at 32%, […]
Inventories Remain Unchanged, Signaling No Tariff Pressure on the Economy
U.S. Business Inventory and Sales Update Sales dipped slightly, while U.S. business inventory remained unchanged in May, according to Tuesday’s data from the Census Bureau. This suggests that the recent tariff expansions haven’t significantly disrupted the economy, as businesses seem to show no signs of supply chain stress or major precautions. The total inventory across […]
The economy under Trump demonstrates significant job growth and low inflation, challenging critics.
In April, President Donald Trump fulfilled a campaign promise by implementing tariffs on many US trading partners. Consequently, left-leaning commentators expressed their anxiety, predicting a downturn in the economy, increased inflation, and significant job losses. One of the more vocal critics has been Brian Schatz, a Democratic senator from Hawaii. He claimed, “Donald Trump is […]