The U.S. Economy
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U.S. July University of Michigan Consumer Sentiment Rises to 55.2, Exceeding Estimates; 1-Year Inflation Expectations Fall to 4.2%
U.S. University of Michigan consumer sentiment for July rose to 55.2, surpassing the consensus estimate of 54.0 and up from 49.5 in June. One-year inflation expectations declined to 4.2% from 4.6% in
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Fitch: U.S. Private Credit Default Rate Hits Record High in the Second Quarter
Fitch Ratings released a report on Thursday stating that the U.S. private credit default rate reached a record high in the second quarter. The default rate covers the 1,300 U.S. private debt borrowers
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U.S. Mortgage Rates Jump to Highest Level in a Year
U.S. mortgage rates have climbed to their highest point in a year, making home loans more expensive for borrowers.
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Consumer Spending and Investment Lift US 2Q GDP
The US economy's second-quarter GDP growth was primarily driven by strong consumer spending and increased investment.
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U.S. economic growth slowed to 1.5% in the second quarter; the core inflation rate in June was 3.3%
U.S. economic growth slowed to 1.5% in the second quarter; the core inflation rate in June was 3.3%
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U.S. Q2 GDP Grew by 1.5%, Missing Consensus Estimates
The U.S. economy grew at an annualized rate of 1.5% in the second quarter, falling short of the consensus estimate of 1.8%.
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US Jobless Claims Rose to 197,000 for Jul 25 Week, Below Consensus of 200,000
US Jobless Claims Rose to 197,000 for Jul 25 Week, Below Consensus of 200,000
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Meredith Whitney Warns of US Economic 'Reckoning' in Q4, Expects Fed to Hold Rates
Meredith Whitney, a former bank analyst known for her accurate 2007 report preceding the global financial crisis, warned that the US economy faces a "reckoning" in the fourth quarter of this year. She
-
Bank of America: Lower-Income Spending Growth Now Outpaces Higher-Income, Ending K-Shaped Trend
Bank of America reports that lower-income households in the U.S. are now showing slightly stronger card spending growth compared to higher-income households. This shift marks the end of the K-shaped s
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In the week ending July 18, initial jobless claims in the U.S. totaled 187,000, compared with an expected 212,000.
Svmuu News: In the week ending July 18, initial jobless claims in the U.S. totaled 187,000, compared with an expected 212,000; the previous figure was revised from 208,000 to 209,000. (Jin Shi)
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Report: The Crypto Industry Is Expected to Contribute Over $55 Billion to the U.S. Economy by 2026
Svmuu News: According to a report by the National Cryptocurrency Association, the cryptocurrency industry is expected to contribute more than $55 billion to the U.S. economy by 2026 and support more t
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U.S. Economic Confidence Falls to a Two-Year Low: 61% of the Public Is Pessimistic About the Outlook, and Most Respondents Are Dissatisfied Donald Trump Economic Policy
Svmuu News: A recent poll released by CNBC shows that pessimism among Americans regarding the economic outlook continues to grow,with 61% of respondents expressing pessimism about current economic con
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In the week ending July 11, initial jobless claims in the U.S. totaled 208,000, compared with an expected 217,000.
Svmuu News: In the week ending July 11, initial jobless claims in the U.S. totaled 208,000, compared with an expected 217,000; the previous figure was revised from 215,000 to 216,000. (Jin Shi)
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Fed's Williams: Inflation Remains Too High; Expected to Return to 2% Target in 2028
Svmuu News: Federal Reserve’s Williams stated that inflation is undoubtedly still too high at around 4%, and that efforts must continue to bring it back down to the 2% target; the current monetary pol
-
U.S. PPI for June came in at 5.5% year-over-year, compared with an expected 6.2%
Svmuu News: On July 15, the U.S. PPI for June came in at 5.5% year-over-year, compared with an expected 6.2%; the previous reading was revised down from 6.50% to 6%.
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U.S. Small Business Confidence Rebounds in June, but Inflation Remains the Top Concern
Svmuu News: Small business confidence in the U.S. improved in June, but the percentage of business owners who view inflation as the “single most important issue” rose to its highest level in nearly tw
-
Survey: Economists Forecast U.S. Consumer Price Index (CPI) Inflation at 3.4% This Year, Up from 3.2% in the April Survey
Svmuu News: According to a Wall Street Journal survey, economists expect U.S. consumer price index (CPI) inflation to reach 3.4% this year, up from 3.2% in the April survey.
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Tom Lee: Although the war is causing concern among investors, the U.S. economy can still achieve a V-shaped recovery
Svmuu News: Bitmine Chairman Tom Lee said in a CNBC interview that war is typically one of the risk factors investors worry about most, but historical data shows that the U.S. economy tends to prove m
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Donald Trump It was announced that Micron will invest $250 billion in the U.S. to manufacture memory chips
Svmuu News: U.S. President Donald Trump stated on social media that Micron is accelerating its spending in the U.S. and plans to invest $250 billion in manufacturing memory chips domestically. “We are
-
Hassett: Job Data Reflects a Strong Economy
Svmuu News: Hassett, Director of the White House National Economic Council, stated that the employment data is consistent with the strong economic conditions. (Jin Shi)
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The U.S. unemployment rate unexpectedly fell to a one-year low in June, causing the U.S. Dollar Index to dip briefly and spot gold to surge sharply.
Svmuu News: According to Gate data, the U.S. unemployment rate fell to 4.2% in June—the lowest level since June 2025—and came in below market expectations of 4.3%. The U.S. Dollar Index (DXY) dropped
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U.S. seasonally adjusted nonfarm payrolls rose by 57,000 in June, compared with an expected 110,000
Svmuu News: U.S. seasonally adjusted nonfarm payrolls for June came in at 57,000, below the expected 110,000, while the previous figure was revised downward from 172,000 to 129,000. (Jin Shi)
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Brian Armstrong: The U.S. Constitution lacks a cap on government spending growth and a requirement for currency to be backed by hard assets
Svmuu News: Brian Armstrong posted on X, stating that the U.S. Constitution is the most important political innovation in history, but it lacks two crucial elements: a cap on government spending growt
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Hassett: U.S. Economic Growth Expected to Be Around 4% in the Second Half of the Year
Svmuu News: Hassett, Director of the White House National Economic Council, said that U.S. economic growth is expected to be approximately 4% in the second half of the year. (Jin Shi)
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U.S. July University of Michigan Consumer Sentiment Rises to 55.2, Exceeding Estimates; 1-Year Inflation Expectations Fall to 4.2%
U.S. University of Michigan consumer sentiment for July rose to 55.2, surpassing the consensus estimate of 54.0 and up from 49.5 in June. One-year inflation expectations declined to 4.2% from 4.6% in
-
Fitch: U.S. Private Credit Default Rate Hits Record High in the Second Quarter
Fitch Ratings released a report on Thursday stating that the U.S. private credit default rate reached a record high in the second quarter. The default rate covers the 1,300 U.S. private debt borrowers
-
U.S. Mortgage Rates Jump to Highest Level in a Year
U.S. mortgage rates have climbed to their highest point in a year, making home loans more expensive for borrowers.
-
Consumer Spending and Investment Lift US 2Q GDP
The US economy's second-quarter GDP growth was primarily driven by strong consumer spending and increased investment.
-
U.S. economic growth slowed to 1.5% in the second quarter; the core inflation rate in June was 3.3%
U.S. economic growth slowed to 1.5% in the second quarter; the core inflation rate in June was 3.3%
-
U.S. Q2 GDP Grew by 1.5%, Missing Consensus Estimates
The U.S. economy grew at an annualized rate of 1.5% in the second quarter, falling short of the consensus estimate of 1.8%.
-
US Jobless Claims Rose to 197,000 for Jul 25 Week, Below Consensus of 200,000
US Jobless Claims Rose to 197,000 for Jul 25 Week, Below Consensus of 200,000
-
Meredith Whitney Warns of US Economic 'Reckoning' in Q4, Expects Fed to Hold Rates
Meredith Whitney, a former bank analyst known for her accurate 2007 report preceding the global financial crisis, warned that the US economy faces a "reckoning" in the fourth quarter of this year. She
-
Bank of America: Lower-Income Spending Growth Now Outpaces Higher-Income, Ending K-Shaped Trend
Bank of America reports that lower-income households in the U.S. are now showing slightly stronger card spending growth compared to higher-income households. This shift marks the end of the K-shaped s
-
In the week ending July 18, initial jobless claims in the U.S. totaled 187,000, compared with an expected 212,000.
Svmuu News: In the week ending July 18, initial jobless claims in the U.S. totaled 187,000, compared with an expected 212,000; the previous figure was revised from 208,000 to 209,000. (Jin Shi)
-
Report: The Crypto Industry Is Expected to Contribute Over $55 Billion to the U.S. Economy by 2026
Svmuu News: According to a report by the National Cryptocurrency Association, the cryptocurrency industry is expected to contribute more than $55 billion to the U.S. economy by 2026 and support more t
-
U.S. Economic Confidence Falls to a Two-Year Low: 61% of the Public Is Pessimistic About the Outlook, and Most Respondents Are Dissatisfied Donald Trump Economic Policy
Svmuu News: A recent poll released by CNBC shows that pessimism among Americans regarding the economic outlook continues to grow,with 61% of respondents expressing pessimism about current economic con
-
In the week ending July 11, initial jobless claims in the U.S. totaled 208,000, compared with an expected 217,000.
Svmuu News: In the week ending July 11, initial jobless claims in the U.S. totaled 208,000, compared with an expected 217,000; the previous figure was revised from 215,000 to 216,000. (Jin Shi)
-
Fed's Williams: Inflation Remains Too High; Expected to Return to 2% Target in 2028
Svmuu News: Federal Reserve’s Williams stated that inflation is undoubtedly still too high at around 4%, and that efforts must continue to bring it back down to the 2% target; the current monetary pol
-
U.S. PPI for June came in at 5.5% year-over-year, compared with an expected 6.2%
Svmuu News: On July 15, the U.S. PPI for June came in at 5.5% year-over-year, compared with an expected 6.2%; the previous reading was revised down from 6.50% to 6%.
-
U.S. Small Business Confidence Rebounds in June, but Inflation Remains the Top Concern
Svmuu News: Small business confidence in the U.S. improved in June, but the percentage of business owners who view inflation as the “single most important issue” rose to its highest level in nearly tw
-
Survey: Economists Forecast U.S. Consumer Price Index (CPI) Inflation at 3.4% This Year, Up from 3.2% in the April Survey
Svmuu News: According to a Wall Street Journal survey, economists expect U.S. consumer price index (CPI) inflation to reach 3.4% this year, up from 3.2% in the April survey.
-
Tom Lee: Although the war is causing concern among investors, the U.S. economy can still achieve a V-shaped recovery
Svmuu News: Bitmine Chairman Tom Lee said in a CNBC interview that war is typically one of the risk factors investors worry about most, but historical data shows that the U.S. economy tends to prove m
-
Donald Trump It was announced that Micron will invest $250 billion in the U.S. to manufacture memory chips
Svmuu News: U.S. President Donald Trump stated on social media that Micron is accelerating its spending in the U.S. and plans to invest $250 billion in manufacturing memory chips domestically. “We are
-
Hassett: Job Data Reflects a Strong Economy
Svmuu News: Hassett, Director of the White House National Economic Council, stated that the employment data is consistent with the strong economic conditions. (Jin Shi)
-
The U.S. unemployment rate unexpectedly fell to a one-year low in June, causing the U.S. Dollar Index to dip briefly and spot gold to surge sharply.
Svmuu News: According to Gate data, the U.S. unemployment rate fell to 4.2% in June—the lowest level since June 2025—and came in below market expectations of 4.3%. The U.S. Dollar Index (DXY) dropped
-
U.S. seasonally adjusted nonfarm payrolls rose by 57,000 in June, compared with an expected 110,000
Svmuu News: U.S. seasonally adjusted nonfarm payrolls for June came in at 57,000, below the expected 110,000, while the previous figure was revised downward from 172,000 to 129,000. (Jin Shi)
-
Brian Armstrong: The U.S. Constitution lacks a cap on government spending growth and a requirement for currency to be backed by hard assets
Svmuu News: Brian Armstrong posted on X, stating that the U.S. Constitution is the most important political innovation in history, but it lacks two crucial elements: a cap on government spending growt
-
Hassett: U.S. Economic Growth Expected to Be Around 4% in the Second Half of the Year
Svmuu News: Hassett, Director of the White House National Economic Council, said that U.S. economic growth is expected to be approximately 4% in the second half of the year. (Jin Shi)
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The U.S. Economy
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