US Economy News


Bank of America pushes out recession call to the first half of 2023

There's some good news in Bank of America's expectation that the economy is headed for recession: The contraction now looks likely to start later than expected and is still expected to be shallow by h..

When Rising Unemployment Is Not Good News For Gold

The US economy 315,000 jobs in August, but the increased. What does it imply for the market? Powell, we could have a problem! According to the BLS, the U.S. unemployment rate rose to 3.7% in August..

Dollar smashes yen as forceful Fed bets increase

After taking a breather on Monday, the US dollar recharged again yesterday, with dollar/yen skyrocketing to levels last seen 24 years ago. What added fuel to the greenback’s tank may have been the bet..

USD/JPY At 24-Year Highs: More To Come?

US traders are back at their desks after the long Labor Day weekend marked the unofficial end of summer, and they’ve come back to a busy week indeed. There are a number of highly-anticipated central b..

Financial World Locks Gaze On U.S. Employment Data | investing

The US dollar continued flexing its muscles against all but one of the other major currencies on Thursday and during the Asian trading session Friday, with the hitting a 20-year high. Dollar traders k..

Is The Silver Turnaround Here? Or Will The Abyss Deepen? | investing

The believers of silver just can’t seem to catch a break after spending four of the past five months in the red. The first session of September itself delivered a 27-month low for the industrial metal..

Will The Jobs Report Seal A 0.75% Hike From The U.S Federal Reserve?

Last month’s report blew expectations out of the water, showing more than half a million jobs created (the highest in five months) and rising 0.5% month-over-month. In the handful of weeks since that ..

September Rate Hikes By Major Global Central Banks Expected | investing

The highlights of September include continued substantial rate hikes by the major central banks, save Japan. The Tories will pick a new leader, who will become the next prime minister of the UK. Italy..

Be Ready, Powell And The Fed May Cause Some Pain | investing

Until August 26, the stock market had spent the month muddling. Just like most Augusts, Wall Street had gone on vacation. A long Labor Day weekend was coming. Not much to worry about, except Jay Powel..

Stock Indexes Face Fresh Low This Year, Morgan Stanley's Wilson Says

(Bloomberg) — Investors should brace for more pain as US stock indexes haven’t yet hit bottom for the year, according to Mike Wilson, chief US equity strategist at Morgan Stanley. “The index usually ..

EUR/USD Struggles To Keep Its Head Above Parity As Investors Eye ECB | investing

The price is still hovering around the parity as bulls unsuccessfully try to stage a relief rally. It is likely this pair will continue to trade range-bound as traders prepare for the next European Ce..

Gold: With 3 Weeks To Fed Meeting, Red Line To Avoid Is $1708 | investing

There are exactly three weeks before the Federal Reserve’s next rate hike. longs, already staring at a fifth month of losses as August trading ends today, would want to pray they don’t breach the next..

Bitcoin Holds Ground; Gold Remains Volatile

is holding on to its ground, and its price is still hovering near the $20,000, which shows bulls are trying their best to hold the price level. 's price action has started to show more encouraging sig..

Oil Set for Weekly Gain on Tighter Supply Before Powell Speech

(Bloomberg) — Oil was on track for a weekly gain amid a tightening supply outlook, with investor attention turning to a key speech on the US economy later Friday by Federal Reserve Chair Jerome Powell..

EUR/USD Near Parity, Powell Speech Next

The euro has posted gains today and briefly punched above the symbolic parity line. In the North American session, is trading at 0.9978, up 0.11%. It seems that whatever angle you examine Germany’s e..
Fox Business

US economy shrank at slightly slower pace in second quarter, revised figures show

The shrank at slightly slower pace in the second quarter than previously reported, but continued to meet the criteria for a so-called technical recession as raging inflation and higher interest rates ..

Chart Of The Day: S&P 500 To 3000? | investing

This post is the first of three series in which I will provide a top-down exploration starting today with the index. Barring dramatic market developments, I will analyze a subindex on Monday and then ..
Fox Business

Tips for navigating a recession

The may or may not be in a recession, but economists broadly agree that a downturn is looming due to high inflation and higher interest rates. Gross domestic product (GDP), the broadest measure of go..

Goldman Says Hedge Funds Back Betting Big on Megacap Tech Stocks

(Bloomberg) — Hedge funds ramped up bets on megacap US tech stocks and whittled down overall holdings to concentrate on favored names last quarter, with conviction growing to levels last seen before t..
Fox Business

US economy headed for recession by mid-2023, majority of economists say

The overwhelming majority of economists expects the economy to tumble into a recession next year as a result of the Federal Reserve's war on inflation, according to a new survey. Findings from the Na..

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Washington Post

House and Senate elections could provide historic, reverse results

Comment on this story Comment Add to your saved stories Save Exactly a year out from the 2024 elections, the battle for control of Congress is as tight as it possibly could be and might be headed…..
ABC News

Fans and football royalty flock to Old Trafford to farewell Sir Bobby Charlton

Manchester United great Sir Bobby Charlton has been remembered as one of English football's finest players and a "humble" and "fantastic" man by the thousands of fans and some of the sport's biggest …..
Fox Sports

Shedeur's replacement? Colorado lands 4-star QB for Class of 2025

The Colorado Buffaloes added their potential quarterback of the future Friday, as four-star recruit Antwann Hill Jr. committed to their Class of 2025. He chose Colorado over the likes of Alabama, Flo…..