US import prices jump 8.1% as Iran war fuels inflation ahead of midterms
The latest figures follow increases in consumer and producer prices, strengthening concerns that inflation is spreading beyond energy...
Tag : US economy
AI could force 11 million US workers into new careers by 2035, says McKinsey report
Automation may eliminate demand for 36 million jobs, but AI and economic growth could create 41 million positions over the next decade, McKinsey noted...
US Elections 2024: Economy takes centre stage
The power transition from Trump to Biden occurred during the 2020-21 period, when the global economy was at a standstill due to the COVID-19 pandemic...
US unemployment claims decrease, easing labour market concerns
In May, the unemployment rate increased to 4.0% for the first time since January 2022...
Dictating markets: Understanding Fed’s policy instruments
The Fed and other central banks worldwide employ short-term interest rate manipulation as their primary instrument...
SVB crash: More banks to fail despite Joe Biden government intervention, says Bill Ackman
Bill Ackman slammed the Joe Biden government's response while predicting an economic disaster to occur...
US’ inflation fight: What lies ahead?
Inflation has been there in the United States and it has been at its highest since 2021...
US households sinking in debt
The total household debt in the US has increased by more than USD 2 trillion since the fourth quarter of 2019, right before the pandemic started...
United States to witness biggest labor crisis
by Prajwal Wele
From February 2020 to the present, the hospitality and leisure sector in the United States has lost 1.2 million jobs...
Will United States economy stay superior to Chinese economy?
Researchers argue the significance of GDP rankings and wonder if anything will change even if China overtakes the United States...