Category: Macroeconomic

June 14, 2021

When asked when Congress would balance the budget given that President Biden’s budget plan racks up $14.5 trillion in cumulative deficits over the next 10 years, Sen. Ben Cardin (D-Md.) said, for now, the focus should be on growing the […]

June 9, 2021

Although President Biden’s budget proposal would create $14.5 trillion in federal deficits over the next 10 years, Sen. Roger Marshall (R-Kansas) said his goal is to balance the budget and that it could be done within 10 years. At the […]

April 21, 2021

More and more strategists believe investors are underestimating the outlook for consumer prices. David Roche, president of investment firm Independent Strategy, is among them. He told CNBC on Wednesday that the U.S. inflation rate, which stood at 2.6% in March […]

April 7, 2021

Jamie Dimon is bullish on the U.S. economy – at least for the next few years. In his annual shareholder letter, the long-time JPMorgan Chase chairman and CEO said he sees strong growth for the world’s biggest economy, thanks to […]

April 5, 2021

President Joe Biden said Monday he is not worried that a plan to increase corporate America’s tax bill would dampen the U.S. economy as it emerges from the Covid-19 pandemic. Asked whether he is concerned that the White House plan […]

April 2, 2021

As more cities and states reopen, the number of jobs created and the number of employed Americans continues to substantially increase. In March, according to the Bureau of Labor Statistics, the economy added a whopping 916,000 jobs, compared with +468,000 […]

March 25, 2021

Powerful fiscal help from Congress combined with accelerated vaccine distribution has allowed the U.S. economy to recover faster than expected, Federal Reserve Chairman Jerome Powell said Thursday. At some point, that will allow the central bank to dial back the […]

March 17, 2021

The Federal Reserve on Wednesday dialed up its economic growth expectations but signaled that there are no expected interest rate hikes for the next two years. The so-called dot-plot projections budged little, with most members still expecting to keep rates […]

March 3, 2021

LONDON — British Finance Minister Rishi Sunak announced Wednesday that U.K. corporation tax will increase to 25% in April 2023 as the government looks to restore public finances in the aftermath of the Covid-19 pandemic. In his Budget statement Wednesday, […]

February 25, 2021

Jobless claims fell sharply last week despite severe winter storms that swept across Texas and other parts of the South, the Labor Department reported Thursday. First-time filings for unemployment insurance totaled 730,000 for the week ended Feb. 20, well below […]