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Economic news


Stocks surged in July despite growing recession fears and dismal economic data. The rally was fueled by investors betting that the US economy would collapse and the Fed would cut rates. Low rates drive up stock prices, which means bad economic news is actually good for investors. Loading Something is loading. The economy is shrinking …

Chinese factory activity fell unexpectedly in July, according to new data – a sign that any economic rebound from the country’s disruptive covid lockdowns and its tumultuous real estate sector remains tenuous at best. The official index of manufacturing purchasing managers slipped to 49.0 in July from 50.2 in June, well below what analysts had …

Treasurer Jim Chalmers has revealed he will deliver a grim assessment of the state of the national economy on July 28 when he delivers a statement to Parliament. Mr Chalmers held a press conference on Monday afternoon where he warned that the global economy was in a “dangerous” and “difficult” situation. “This combination of inflation …

Monday July 11, 2022 – 22:22 UTC Argentina’s Economy Minister Silvina Batakis warned on Monday that President Alberto Fernández’s government “will not spend more than we have”, while launching a series of measures aimed at curbing inflation and restoring federal reserves. Monday July 11, 2022 …

Original post (Policy Center for the New South) In the first half of this year, US stock markets suffered a drop not seen in over 50 years. The S&P 500 index on Thursday June 30 was down more than 20% from January, a decline not seen since 1970. The S&P 1500 index, constructed by Bloomberg …

You know what they say about the best-laid plans going bad, well, with what’s happened in the financial world this year, that’s what’s happened to countless retirement plans. Take the example of a hypothetical retiree who, until recently, thought she was ready. Our example investor has postponed formalizing her retirement income plan until she begins …

John Bishop is a veteran politician from Wellington, who helped found the New Zealand Taxpayers Union. He never joined any political party. He is the father of National List MP Chris Bishop. OPINION: Crisis: A period of intense difficulty or danger. Looking at the media headlines over the past two weeks, we have had, or …

Oregon’s unemployment rate fell to 3.6% in May from 3.7% in April, touching its lowest rate in more than two years, a positive sign in an economy struggling with runaway inflation. May’s unemployment rate is just above Oregon’s record high of 3.4% set in November 2019, the Oregon Department of Employment said. It matched the …

The “Kudlow” host explains why high inflation usually ends in a recession and offers solutions to Biden’s failing economic policies. So all eyes are on the Fed today, which raised its target rate by 75 basis points as everyone expected, as they disclosed it to the Wall Street Journal on Monday. Here is the worst …

This article was written exclusively for Investing.com We finally got some good inflation news last week. Money supply M2 declined in April from March, to the lowest rolling 3-month rate of change since 2018. Although the rolling 3-month average is turning around a bit – as I said, it was lower than that too recently …

US dollars: Jun ’22 USD is down to 101.860. Energies: July 22 crude is up at 111.33. Financial: The June 22 30-year bond is up 7 ticks and trading at 142.02. Clues: The June 22 S&P 500 emini ES contract is 40 ticks higher and trading at 3987.75. Gold: The Jun’22 Gold contract is trading …

In another sign that the housing market is now slowing and taking the economy with it, builder confidence fell sharply in May as mounting affordability challenges in the form of rapidly rising interest rates, Double-digit price increases for materials and home-price appreciation are weighing on buyer demand. Builder confidence in the market for newly built …

US gross domestic product fell 1.4% in the first quarter as inflation continued to soar. For older Americans, this combination conjures up memories of 1970s stagflation, a nightmarish combination of double-digit inflation, double-digit interest rates, soaring gasoline prices and persistently high unemployment. The whole economic mess ended up in President Jimmy Carter’s lap after the …

US gross domestic product fell 1.4% in the first quarter as inflation continued to soar. For older Americans, this combination conjures up memories of 1970s stagflation, a nightmarish combination of double-digit inflation, double-digit interest rates, soaring gasoline prices and persistently high unemployment. The whole economic mess ended up in President Jimmy Carter’s lap after the …

US gross domestic product fell 1.4% in the first quarter as inflation continued to soar. For older Americans, this combination conjures up memories of 1970s stagflation, a nightmarish combination of double-digit inflation, double-digit interest rates, soaring gasoline prices and persistently high unemployment. The whole economic mess ended up in President Jimmy Carter’s lap after the …

US gross domestic product fell 1.4% in the first quarter as inflation continued to soar. For older Americans, this combination conjures up memories of 1970s stagflation, a nightmarish combination of double-digit inflation, double-digit interest rates, soaring gasoline prices and persistently high unemployment. The whole economic mess ended up in President Jimmy Carter’s lap after the …

US gross domestic product fell 1.4% in the first quarter as inflation continued to soar. For older Americans, this jumpsuit evokes memories of the 1970s stagflation, a nightmarish combination of double-digit inflation, double-digit interest rates, soaring gas prices and persistently high unemployment. The whole economic mess ended up in President Jimmy Carter’s lap after the …

US gross domestic product fell 1.4% in the first quarter as inflation continued to soar. For older Americans, this combination conjures up memories of 1970s stagflation, a nightmarish combination of double-digit inflation, double-digit interest rates, soaring gasoline prices and persistently high unemployment. The whole economic mess ended up in President Jimmy Carter’s lap after the …

US gross domestic product fell 1.4% in the first quarter as inflation continued to soar. For older Americans, this combination conjures up memories of 1970s stagflation, a nightmarish combination of double-digit inflation, double-digit interest rates, soaring gasoline prices and persistently high unemployment. Sometimes global economic forces converge just like weather systems to create a perfect …

St. Louis Post-Dispatch US gross domestic product fell 1.4% in the first quarter as inflation continued to soar. For older Americans, this combination conjures up memories of 1970s stagflation, a nightmarish combination of double-digit inflation, double-digit interest rates, soaring gasoline prices and persistently high unemployment. The whole economic mess ended up in President Jimmy Carter’s …

US gross domestic product fell 1.4% in the first quarter as inflation continued to soar. For older Americans, this combination conjures up memories of 1970s stagflation, a nightmarish combination of double-digit inflation, double-digit interest rates, soaring gasoline prices and persistently high unemployment. The whole economic mess ended up in President Jimmy Carter’s lap after the …

St. Louis Post-Dispatch US gross domestic product fell 1.4% in the first quarter as inflation continued to soar. For older Americans, this combination conjures up memories of 1970s stagflation, a nightmarish combination of double-digit inflation, double-digit interest rates, soaring gasoline prices and persistently high unemployment. The whole economic mess ended up in President Jimmy Carter’s …

Conservatives could barely contain their joy Thusday Morning when news broke that the US economy had contracted 1.4% on an annualized basis in the first quarter of 2022. A declining gross domestic product may be a sign of an impending recession. But when combined with already high inflation, something worse becomes possible: stagflation. This combination …

US gross domestic product decreased by 1.4% in the first quarter, meanwhile, inflation continued to soar. For older Americans, this jumpsuit evokes memories of the 1970s stagflation, a nightmarish combination of double-digit inflation, double-digit interest rates, soaring gas prices and persistently high unemployment. The whole economic mess ended up in President Jimmy Carter’s lap after …

Sen. Rick Scott, R-Fla., speaks during the Conservative Political Action Conference (CPAC) on Saturday, February 26, 2022 in Orlando, Florida. Jean Raoux PA WASHINGTON The White House is stepping up efforts to elevate Sen. Rick Scott’s tax proposal ahead of the midterm elections. Democrats see the tax hike proposal from Scott, R-Florida, the Republican National …

President Biden and other Democrats are facing a hard truth: They are being blamed for what is bad in the economy and getting no credit for what is good. The dynamic could spell the end of the elections in November. The Democrats’ failure to get voters to recognize the benefits of the economy is not …

WASHINGTON—At the White House on Friday, there was a contrast between the gist of the message and the attitude of the messenger. When US President Joe Biden spoke about the latest employment figures, his words were almost reminiscent of his predecessor’s incessant boasting. “Our recovery has now created 7.9 million jobs – more jobs created …

In other economic news, Oil briefly bottomed today $97.78 per barrela day after President Joe Biden made the aggressive decision to release 1 million barrels of oil per day from US strategic reserves for the next six months. “The magnitude of this release is unprecedented: the world has never had a release of oil reserves …

First appeared at Policy Center for the New South The heavy financial sanctions against Russia after the invasion of Ukraine sparked speculation that militarizing access to dollar, euro, pound and yen reserves would trigger a split in the international monetary order. China would tend to strengthen its own international payments system and accelerate the establishment …

First appeared at Policy Center for the New South The economic sanctions against Russia announced last week by the United States and Europe following the military invasion of Ukraine are having a profound impact on the Russian economy while having repercussions in the country. As in a boxing match, it is expected that blows to …

Invest February 24, 2022 10:49 a.m. US markets opened sharply lower on Thursday morning as traders rushed into stocks and invested in safeties like bonds and gold. The Dow Jones Industrialists and the S&P 500 opened down about 2.5%, while the Nasdaq was down more than 3% at the opening bell. In the first half …

The survey shows more pessimism than a decade ago, when unemployment was higher amid the recovery from the Great Recession It is a paradox. The state legislature is awash with money. Oregon’s COVID cases are among the lowest in the nation. And yet, only 31% of Oregonians are optimistic that the current short session of …

Read the latest headlines on the Austrian economy, including inflation, domestic product (GDP) growth, national debt and labor market news The recovery is expected to accelerate in 2010 and 2011 as business and foreign demand policies remain broadly supportive. May 26, 2010 The Austrian gas price index – ÖGPI (C) – registered an increase in …

No news can be good news on another day of light economic news. There are several earnings announcements, but no big companies that are likely to have far-reaching effects on the market. and yields were lower before the market opened. Lower oil and yields help reduce investor fears as Cboe market Volatility Index () was …

JJ Kinahan, Chief Market Strategist, TD Ameritrade (Wednesday Market Open) No news may be good news as stock index futures point to a higher open on another day of light economic news. There are several earnings announcements, but no big companies that are likely to have far-reaching effects on the market. The pre-market move higher …

OCEANSIDE, CA – February follows the recent trend of many new businesses opening or soon to arrive in Oceanside. The patch has you covered with the latest Economic Development News courtesy of the City of Oceanside. UNDER CONSTRUCTION the Freeman Collective is a project of FABRIC which will transform two buildings at 510 Vista Way …

A variety of economic reports were released last Friday. They confirm the rise in prices of , , , and , as shown in the following charts. Bad news for consumers and to deviation from Wall Street expectations for higher stock prices and higher corporate earnings for 2022. I will repeat what I said in …

Policy Center for the New South On January 28, the Argentine government and the International Monetary Fund staff announced an agreement on a new support program. Meanwhile, in addition to the amortization payment due on January 28, another payment is also expected in the first week of February. Both payments relate to the previous envelope, …

(RTTNews) – Following the pullback seen at the end of the previous session, stocks are expected to rally higher in early trading on Thursday. Major index futures are currently pointing to a higher open for markets, with the Dow Jones futures contract up 68 points. Early buying interest could be generated in reaction to a …

Policy Center for the New South The start of 2022 has been marked by both signs of slowing global economic growth and a shift towards tighter monetary policies in advanced economies. In his Global Economic Outlook report, published on January 11, the World Bank predicts that after a global growth rate of 5.5% last year, …

Investment markets and key developments Global equity markets remained under pressure over the past week on concerns about rising US inflation and accelerating US interest rate hikes. Omicron-related disruptions and tensions with Russia over Ukraine aren’t helping, although markets don’t seem too concerned about Omicron. For the week, US stocks fell 0.3%, Eurozone stocks fell …

With the best job growth in over 40 years, inflation a national obsession and the Federal Reserve preparing to raise interest rates, it’s easy to forget how different the world was before the pandemic. . The global environment was then marked by sluggish growth, sluggish investment, worrying inflation and low interest rates. Which could be …

Despite Wednesday’s headlines about the highest CPI numbers in nearly 40 years, the market digested the news well. Stocks were mixed with some lingering pockets of weakness in underperforming groups such as biotechnology and growth, but the indices were flat and the magnitude was close to even. On Thursday morning there will be another reading …

YORBA LINDA, CA – SEPTEMBER 13: A now hiring sign at McDonald’s restaurant in Yorba Linda, CA, on … [+] Monday, September 13, 2021. Today’s jobs report continues to show positive job growth, but there is still a long way to go. (Photo by Jeff Gritchen / MediaNews Group / Orange County Register via Getty …

By Christiane von Berg, Coface Economist for Northern Europe, based in Mainz, Germany Wasn’t the fall of 2020 a good time? Of course, a severe lockdown in Germany was on the horizon, but there was some promising news about more effective vaccines. We economists breathed a sigh of relief, believing that we would have a …

This column is a list of signiFsignificant economic events of the last year. 1. In the world’s 50 largest economies in terms of GDP size, the five worst performing and deepest GDP contractions in 2020 were: Spain with -10.8%, followed by Argentina -9 , 9%, of the United Kingdom -9.8%, of the Philippines -9.6%, and …

This column is a list of signiFsignificant economic events of the past year. 1. Among the 50 largest economies in the world by GDP size, the five worst performing and deepest GDP contractions in 2020 were: Spain with -10.8%, followed by Argentina -9 .9%, UK -9.8%, Philippines -9.6% and Italy -8.9%. Final 2020 data with …

OCEANSIDE, CA – As the new year begins, there is good reason to be optimistic about Oceanside’s economic prospects. As 2021 presented many challenges for the business world, many new businesses opened and major projects were completed, which created jobs and helped maintain a robust economy. The long-awaited resorts, the Mission Pacific Hotel at 201 …

WASHINGTON – The number of Americans claiming unemployment benefits has fallen below 200,000, further proof that the labor market remains strong in the wake of last year’s coronavirus recession. Unemployment claims fell from 8,000 to 198,000, the Labor Department reported Thursday. The four-week average, which dampens week-to-week volatility, fell to just over 199,000, the lowest …

Riga, December 27 (EFE) .- The rising cost of electricity that has impacted inflation, tax evasion and EU post-covid plans have marked the economic situation in the Baltic countries in 2021 . HISTORICAL PRICES OF ELECTRICITY With the onset of cold weather, electricity prices in the Baltic countries soared, which in turn fueled inflation: in …

The sustainable chemical industry is making its way into all processes. New materials and new products that seek to be more sustainable for business and the environment. Updated on Thursday 23 December 2021 – 01:33 Through alchemy, matter transforms to make everything from medicines to the clothes that keep us warm to the computers we …

Shares ended higher on Wednesday, bolstered by emergency Pfizer approval (PFE) – Get the Pfizer Inc. Covid-19 pill and optimistic economic reports. The Dow Jones Industrial Average finished up 261 points, or 0.74%, at 35,753, while the S&P 500 was up 1.02% and the tech-rich Nasdaq gained 1.18%. The United States Food and Drug Administration …

News of a $7.7 billion budget surplus (in a state budget of about $52 billion per biennium) was welcome to Minnesotans who feared the pandemic would lead to utility cuts and/or tax increases. the Minnesota unemployment rate plummetsfrom 3.5% in October to 3.3% in November, as well as 8,600 net new jobs during this period, …

KBC Mobile now adds daily financial and economic news to its services. The economic newspapers De Tijd / L’Echo, VRT NWS and KBC economists provide KBC Mobile users with a selection of topical articles. Monday, December 20, 2021 – Consumers are increasingly looking for understandable and reliable sources of information to improve their knowledge of …

A point on the important news in the economic field this Monday, December 20. Monaco Boost – A new meeting was held last week to allocate offices and workspaces to the Business incubator. The new selected companies will be contacted shortly and will be able to move into the incubator at the end of December, …

RICHMOND, Va. (WWBT) — With the COVID-19 pandemic still looming, the mayor of Richmond has his sights set on a new year and what it could mean for the capital. Stoney says Richmond is still emerging from the effects of the pandemic. “We are looking forward to 2022. I am optimistic. I am confident that …

Finance for non-financial It is convenient to have under constant control the document which details the pecuniary result of our work Updated on Monday, December 13, 2021 – 01:01 AM Supreme blessing at the end of the month, the payroll in which they detail the result of the sweat of our brow is however a …

MANILA – The combination of the latest Bangko Sentral ng Pilipinas (BSP) rate decision and economic news from the United States led to the main gauge of equities and the peso closing negatively on Friday. The main gauge fell 0.26%, or 18.77 points, to 7,280.57 points. All stocks fell 1.41%, or 55.59 points, to 3,878.11 …

Today we received two economic news which underscores that our recovery continues to progress, but that we also have more work to do before our economy returns to normal. First, on employment, we learned that we have experienced six consecutive weeks of declining new jobless claims. The number of workers losing their jobs is at …

A slowdown in China and the end of US stimulus measures threaten a much-needed regional rebound. Last year was marked by good news for Latin American economies. The region’s recovery has been stronger than expected and growth forecasts for the world Bank and IMF have improved over the past six months. Vaccination campaigns and fiscal …

MANILA – About 4.25 million Filipinos were unemployed in September, up from 3.88 million reported in August, according to a Philippine Statistics Authority (PSA) survey released Thursday. In an online briefing, PSA director Dennis Mapa said the unemployment rate of 8.9% in September was the highest since January this year. (Philippines-COVID-19) – – – – …

With the Beijing 2022 Winter Olympics just a quarter of an hour away, China is preparing for some extraordinary games in the most difficult times. In 2015, when the International Olympic Committee (IOC) awarded the 2022 Winter Games to Beijing, the world looked very different. Today, expectations are framed by the 2020 Summer Olympics in …

Investors should prepare for a 10% market correction in the coming month as they understand the Federal Reserve’s stance on interest rates. The US central bank is due to announce on Wednesday that it will start cutting its monthly bond purchases by $120 billion, and the real story for the markets is how the Fed …

First appearance at Policy Center for the New South (November 2, 2021) The scarcity of inputs and goods has been felt all over the world due to disruptions in global value chains since the start of the pandemic. Factory closures in China in early 2020, closures in many countries and, subsequently, congestion of logistics networks …

The wave of negative news about the health of the UK economy has shaken business confidence. A combination of supply chain hikes, soaring inflation, severe labor shortages and uncertainty over the trajectory of Covid-19 has pushed confidence levels back to highs by 27% in June, according to research by the Institute of Directors (IoD). Optimism …

Friday, October 22, 2021 5:30 a.m. Severe supply chain bottlenecks, compounded by soaring energy prices and a shortage of workers, have crippled businesses A cascade of “sad” news about the health of the UK economy sent consumer confidence plummeting. Severe fuel and food shortages, compounded by soaring energy costs and wider inflationary pressures, have caused …

In the World Economic Outlookpublished on October 12, the International Monetary Fund (IMF) slightly lowered its forecast for global economic growth this year to 5.9%, while maintaining a forecast of 4.9% for 2022. It also highlighted the “divergence” the pace and depth of economic recovery in different countries. Two factors are highlighted to explain the …

WASHINGTON – The Executive Board of the International Monetary Fund (IMF) has approved a fourth tranche of debt service relief for 24 eligible low-income countries to help them fight the COVID-19 pandemic, announced Friday the IMF. “The Board of Directors also approved the inclusion of the Kyrgyz Republic and Lesotho among the beneficiary countries, allowing …

BNP Paribas, Crédit Mutuel and Société Générale plan to combine their distributors BNP Paribas, Crédit Mutuel and Société Générale are currently studying a project to pool their network of automatic teller machines (ATMs), while the use of cash continues to decline (-23% of withdrawals in 2020). The three networks have nearly a third of the …

The Pandora Papers do not represent the broader offshore financial industry which generally helps people seek increased flexibility and better returns. Over the weekend, around 12 million confidential documents from world leaders, politicians and very wealthy people were leaked, including former British Prime Minister Tony Blair, King of Jordan, ruling family in Azerbaijan Aliyev , …

The US economy grew more than expected in the second quarter of the year. image file The gross domestic product of the world’s largest economy grew 6.7% in the second quarter of the year compared to the previous three months, according to a final estimate from the Bureau of Economic Analysis (BEA). The progress of …

The FTSE 100 got off to a good start as better-than-expected economic news improved investor sentiment. The London blue chip index opened 41 more points to 7,149. A bit of comfort for the government today as the UK economy has done a little better than expected over the past three months. The UK’s gross domestic …

NAIROBI – Kenya plans to borrow 1.550 billion shillings (approximately US $ 14 billion) from external sources in fiscal year 2021/2022, the National Treasury said on Wednesday in its loan and grant estimates. This is an increase from the $ 12 billion in fiscal year 2020/2021, according to the Treasury. (Kenya-External borrowing-Estimate) – – – …

WASHINGTON – The recovery of the East Asia and Pacific region has been compromised by the spread of the delta variant of COVID-19, the World Bank said on Monday, calling for a comprehensive strategy to contain COVID -19 and stimulate inclusive growth. Economic activity started to slow in the second quarter of 2021, and growth …

TOKYO – Japan must build a resilient economy by finding methods to fight COVID-19 infections and promote economic activities simultaneously, and by implementing reform measures to improve the business environment, book says government white. Local media reported on Friday that the Japanese government’s white paper on the economy and finance for fiscal 2021 underlined the …

Against all odds, theme parks are thriving in China, thanks to rising disposable income, investor confidence and long-term opportunities. On September 1, Universal Beijing Resort, the largest of its kind in the world, will begin its trial. From 2008 to 2017, total theme park attendance increased by 13% per year. Today, there are more than …

First appearance at Policy Center for the New South, September 8, 2021 The report of the United Nations Intergovernmental Panel on Climate Change (IPCC), released in early August, left no room for doubt. He estimates that accelerating the pace of global containment of carbon emissions will be necessary if expected increases in global average temperatures …

SANTIAGO – The Latin America and the Caribbean region will experience economic growth of 5.9% in 2021 amid a pandemic that has exacerbated long-standing structural problems in the region, said the United Nations Economic Commission for Latin America and the Caribbean. In its report entitled “Economic Survey of Latin America and the Caribbean 2021: Labor …

(MENAFN- Baystreet.ca) China mixed on economic news Advertising Stocks in Asia-Pacific were mixed on Tuesday, as data showed slower growth in Chinese factory activity in August.The Nikkei 225 climbed 300.25 points, or 1.1%, to 28,089.54. The Japanese yen was trading at 109.84 per dollar, lower than the levels below 109.8 seen against the greenback yesterday.In …

The world woke up on Monday 23 with higher international reserves for all countries. A new allocation of US $ 650 billion (SDR 450 billion) in Special Drawing Rights (SDRs) by the International Monetary Fund (IMF) to its member countries has come into effect. SDRs are an international reserve asset created by the IMF and …

Lately we’ve been hearing a lot about America’s billionaires who have increased their wealth by over $ 1 trillion in the past year as Covid precipitated the economy’s deepest recession since the 1930s. actual over the past year – as of the spring quarter of 2020 last year. until the spring term of 2021. During …

The rapidly evolving situation in Afghanistan must be added to the growing list of global issues for investors to watch as stock markets digest the Taliban’s return to power, warns the CEO of one of the largest independent organizations in global financial, asset management and fintech consultancy. . The warning from Nigel Green, chief executive …

The tenth edition of the International Monetary Fund External Sector Report (ESR, August 2021) shows how the current account deficits of the global economy widened in 2020 during the pandemic. On the flip side, the ESR also argues that, overall, the misalignment between fundamentals and current account balances has not been exacerbated. The pandemic has …

Sierra Leone Telegraph: August 4, 2021: A new professional network is launched today (August 4, 2021) by the Sierra Leone Journalists Association (SLAJ) with the Sierra Leone Journalists Union (SLRU) as an implementing partner, in the aim of stimulating the production of independent information on trade, financial and economic issues in Sierra Leone, bringing together …

Last week, the Forum of Official Monetary and Financial Institutions (OMFIF) released its eighth annual Global Public Investors (GPI) report. It included a survey of asset allocation plans by reserve managers of central banks, sovereign wealth funds and public pension funds. Together, the 102 investors who responded to the survey manage $ 42.7 trillion in …

NEW YORK – The US dollar rose late Friday as market participants digested the latest economic data. The dollar index, which measures the greenback against six major peers, rose 0.09% to 92.9104. At the end of the session in New York, the euro fell to 1.1770 dollars against 1.1771 dollars in the previous session, and …

We are getting more good news on how the economy is rebounding from the depths of the COVID-19 pandemic. According to the third-quarter economic outlook report released Wednesday by the Equipment Leasing & Finance Foundation, annual U.S. GDP growth is expected to exceed 6% this year, with investment in equipment and software expected to rise …

First appearance at Policy Center for the New South (July 7, 2021) The world faces a huge infrastructure investment gap compared to its needs. With a few exceptions, such as China, this deficit is greatest in emerging and developing countries. The G20 Infrastructure Investors Dialogue estimated the volume of global infrastructure investment needed by 2040 …

For those who support the US economy, it has been a tremendous week. Initial jobless claims fell to a 15-month low; the Congressional Budget Office raised its projection for economic growth from 2021 to 7.4%; and the economy created 850,000 new jobs in June, well ahead of expectations. The same report showed an increase in …

For those supporting the US economy, it’s been a fantastic week. The first declarations of unemployment fell to a 15-month low; the Congressional Budget Office raised his projection for 2021 economic growth at 7.4%; and the economy added 850,000 new jobs in June, well ahead of expectations. The same report showed salary increase for American …