Hot US economy dampens hope for rate cuts
Economic data across multiple indicators is in the spotlight, showing the strength of the U.S. economy and the persistence of inflation in the last mile downhill to the Federal Reserve’s target rate of 2%. If the consumer price index (CPI) reaches an annual rate of 3.5% in March, there is a possibility that interest rates […]
Former Biden Chief Of Staff Rips President For Focusing On A ‘F*cking Bridge’ Instead Of Economy: REPORT
President Joe Biden’s former chief of staff accused his former boss of focusing on “fucking bridges” instead of the economy, according to audio obtained by Politico. Ronald Klain was allegedly seen on a recording speaking about White House communications strategy at a “Democracy: A Journal of Ideas” event on April 4th.former chief of staff to […]
How immigration is helping the economy defy expectations
Policymakers are increasingly citing the influx of immigrants and the strengthening of the U.S. workforce as key reasons for the economy’s strong performance in 2023. The U.S. economy defied expectations last year by avoiding a widely expected recession, with real gross domestic product (GDP) growing 2.5%, unemployment remaining below 4%, and stock markets and corporate […]
Why some people feel good about their bank accounts but bad about the economy – CNN
new york CNN — Nathan Frederiksen is doing pretty well for himself. He turns 40 this year and plans to retire by age 60. A suburban Boise, Idaho, man who drives the “least sexy car ever,” takes a DIY approach to home improvements, and doesn’t eat out as often — saves 10%, though it takes […]
Abbott: US economy improving is because ‘Texas economy is doing so well’
Texas Gov. Greg Abbott (R) appeared to take credit for the boost to the U.S. economy, saying Sunday that the national improvement was due to the state’s economy being “very strong.” Fox News host Martha McCollum asked Mr. Abbott how the latest employment figures show that the surge in immigration is contributing to higher wages […]
David Axelrod blasts Biden attempts to tout strong US economy: ‘Drives me crazy when he does that’
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Americans weigh in on whether a comfortable retirement is possible in today’s economy
A Northwestern Mutual study reports that it costs $1.46 million to retire gracefully, and FOX Business’ Ashley Webster talks to Diner in The Villages, Florida about retirement. As experts warn of a looming crisis, Americans weigh in on whether a comfortable retirement is out of reach. Florida residents gathered Friday at the Flying Biscuit Cafe […]
LAURA INGRAHAM: The media praises Biden’s economy as many new jobs go to non-Americans
fox news host Laura Ingraham Claiming that President Biden’s job growth numbers are leaving Americans behind, as reports show foreign-born workers are boosting Americans, the media on Friday turned to “Ingraham.” “Angle” expressed dissatisfaction with voters not being enthusiastic about the current state of the economy. ” Laura Ingraham: You have to hand it to […]
US economy adds 303K jobs in March, much stronger than expected
U.S. job growth unexpectedly surged in January, highlighting the resilience of the labor market despite high interest rates and stubborn inflation. Employer added Employment in March was 303,000 peopleThe figure was well above the 200,000-job increase expected by economists at LSEG, the Labor Department said in its monthly payroll report released Friday. The unemployment rate […]
303,000 Jobs Added To U.S. Economy in March
US Employer Added 303,000 The Ministry of Labor announced on Friday that it would cut workers’ March salary payments. Unemployment rate Check down to 3.8 That’s up from 3.9 percent the previous month. Economists had expected employment to rise by 200,000 and the unemployment rate to be flat at 3.9% last month. The government reported […]