(The Center Square) – As the nation pays tribute to the American workers' contributions and achievements on Labor Day, economists with the Federal Reserve Bank of St. Louis say the labor market and...
Mortgage Rate May Ease in 2023
American homeowners are feeling the pain as mortgage rates continue to creep higher, especially compared to the rock-bottom rates of the pandemic era. The Federal Reserve appears determined to...
By Tanya Grant | Sep 1, 2022
Business Climate Index Predicts German Recession
The Ifo Business Climate Index revealed last week that German business confidence declined more than predicted in July over mounting worries that high inflation and constrained energy supply from...
China’s Growing Influence in Latin America
"Is the West losing Latin America?" Ana Palacio, Spain's former foreign minister, senior vice president, and general counsel of the World Bank Group, asked the question in an essay entitled "Is...
Recession? GDP Shows 2nd Consecutive Quarter of Negative Growth
(The Center Square) – U.S. Gross Domestic Product decreased by 0.9% in the second quarter of 2022, according to new data from Bureau of Economic Analysis, signaling the start of an economic...
American Airlines Announces First Quarterly Profit Without Federal Funds
American Airlines recorded a revenue of 13.4 billion and a net income of $476 million from summer travelers in the year's second quarter. This record marks American’s first quarterly profit without...
By Mary Dada | Jul 26, 2022
Poll: Biden’s Economic Approval Rating Hits New Low
(The Center Square) – As Americans continue to face soaring inflation and high gas prices, President Joe Biden's economic approval rating has hit a new low. According to a new CNBC All-America...
Texas Ranked 5th Best State for Business
Texas remains a top performer but got bumped from fourth to fifth-best state for business, according to a 2022 ranking by CNBC released Wednesday. The Lone Star State has retained its top-five...
Americans Say it Feels Like a Recession
Data from the latest gross domestic product numbers show that, more or less, we are not looking at whether or not there will be a recession but instead preparing for exactly when and how long the...
Turkey’s Annual Inflation Rate Climbs to 79%
Turkey's annual inflation rate soared to a 24-year high of 78.62% in June, marginally above forecast, according to data released on Monday. The rise comes as a result of the impact of the Ukraine...
$371 Million Spent by Texas National Parks Visitors
Texas’ National Parks are a vital part of the state’s economy and help drive a vibrant tourism and outdoor recreation industry. The total amount directly spent by local and non-local visitors at...
Analysts Say Labor Market is Cooling
The U.S. labor market has cooled to 2021 levels, even as labor market conditions remain tight. In a note issued to clients by the Wells Fargo Investment Institute on Thursday, the bank said that...
Inflation: What You Should Know
Inflation is the decline of a given currency's purchasing power over time. It reflects the increase in average price levels for a particular basket of goods and services within an economy. An...
Mortgage Rates Reach Highest Level in 14 Years
The cost to buy a home continues to climb as mortgage rates reach their highest levels since 2008, 5.8%. Home buyers in May paid about $740 more a month for a median-priced U.S. home than they did...
President Biden Wants to Slow Job Creation
JPMorgan Chase CEO Jamie Dimon stated that an economic hurricane is inevitable in the U.S. With companies downgrading their earnings forecasts and the country being in the middle of inflation and...
Hiring Trend Continues as Inflation and Interest Rates Rise
U.S.employers added more than 390,000 jobs in May, despite Americans struggling with high inflation and increased interest rates. The healthy figure continues a solid hiring trend that has boosted...
U.S. Economy Contracts in First Quarter
The Federal Bureau of Economic Analysis released an update to its first-quarter gross domestic product (GDP) estimate on Thursday, May 26. The data reveals that real GDP decreased by an annual rate...
U.S. Savings Rates Tank, Potential Recession Looms
Consumers are increasingly turning to their credit cards to stay in step with rising prices as savings rates decline in the United States. With pandemic-related stimulus ending and inflation...
Inflation Slighly Lowers, Future Recession Uncertain
It is no secret that the current economic situation is less than perfect. Currently, inflation is the highest it has been in four decades; meanwhile, the Federal Reserve is trying to avoid a deep...
Economists Look Back at Previous Economic Bubbles
In the not-too-distant past, the U.S. economy survived the dot.com bubble of 2000-2001 and the housing bubble of 2007-2008. Now many economists are predicting the "everything bubble" will burst in...
Oil Hedge Funds Uncertain About Future
Oil hedge funds continue to find themselves stuck between a rock and a hard place, or rather, according to Reuter's senior market analyst John Kemp, between sanctions and a potential global...