Economy

US Treasury Secretary Janet Yellen expressed concern about the potential “negative, unintended consequences” of the European Union’s push for corporate supply chain audits related to environmental and social risks. As Yellen informed lawmakers during a House Financial Services Committee hearing on Tuesday, the EU’s corporate sustainability directive is being closely monitored, and there are worries …

The EU Directive Has Potentially Negative Consequences Read More »

The US economy likely continued growing strongly in the first quarter, controlled by strong consumer spending earlier in the year. Still, momentum has slowed significantly since then as the impact of higher interest rates spread. The Commerce Department’s report on Thursday’s first-quarter gross domestic product should show that the economy is not headed for a …

How US Consumer Spending Is Affecting the Economy Read More »

While much of the world is struggling desperately to stem the rising prices that are depressing living standards, China is working on the opposite.  The consumer price (CPI) index increased by just 0.7% year-on-year in March. Factory gate prices have fallen for six straight months. Meanwhile, consumer prices in America were still 5% last month …

China’s inflation problem and its effect Read More »

One of the biggest challenges the Fed has faced over the past period is curbing inflation. With prices for goods and services skyrocketing, consumers have taken the brunt of the dour global economic state. And as the economy remains downturned, a chain of consequences harms both corporate entities and consumers. The job market has been …

Jobs Report & Inflation; What to Expect Read More »

After a few economically successful months, the US has had room for optimism. Job data has blown past any expectation, insinuating a recovering economy. Other positive indicators have shown us that expecting a quality of life increase isn’t just wishful thinking. However, January’s inflation data has soured the mood slightly. While it’s nothing to lose …

January Inflation Exceeds Fed Expectations Read More »

The Eurozone on Tuesday beat expectations for a positive increase in the final quarter of 2022 and eased fears of a potential regional recession. The first data from Eurostat on Tuesday showed that the euro area grew by 0.12% in the fourth quarter. Economists predicted a 0.12% decline in the same period. The latest statistics come …

Eurozone Economy Unexpectedly Grows Read More »

The US economy likely finished 2022 with on a high note despite its numerous challenges. FactSet’s economists have estimated that the GDP grew at a 2.3% annual pace from October to December. However, the economy is still broadly expected to slow down and potentially slide into a recession in the coming months. That’s the result …

US Economy Recovering, Albeit Slowly Read More »