Capital and Risk, Macroeconomic
September 19, 2022
Via: CNSNews.comAs Americans watch their grocery bills climb, President Joe Biden is putting his best possible spin on the highest inflation since 1982. In an interview with CBS’s Scott Pelley that aired on Sunday’s “60 Minutes,” Biden was asked what he […]
Capital and Risk, Macroeconomic
August 2, 2022
Via: CNSNews.comThe Democrats’ $769 billion social spending bill is “a bad bill” that will “do nothing but draw the economy even further into the ground,” Rep. David Rouzer (R-N.C.) said Tuesday. “This is a bad bill. This is a really bad […]
Capital and Risk, Macroeconomic
July 28, 2022
Via: CNSNews.comThe U.S. economy contracted for the second quarter in a row in the second quarter of 2022, according to data released today by the Bureau of Economic Analysis. In the January-through-March period, real Gross Domestic Product (GDP) dropped by 1.6 […]
July 26, 2022
Via: Bank DirectorBanks are sitting on an untapped opportunity to increase revenue and deepen relationships hidden within the data running through their ecosystem. It’s the small or micro businesses operating out of customers’ personal accounts — not through business accounts. These small […]
Capital and Risk, Macroeconomic
July 25, 2022
Via: CNSNews.comHouse Rep. Chip Roy (R-Tex.) and Rep. Ed Perlmutter (D-Colo.) engaged in a heated exchange about the slight fall in U.S. oil prices during a House Rules Committee meeting on July 18, with Roy exclaiming that $4/gallon gasoline was nothing […]
Capital and Risk, Macroeconomic
July 18, 2022
Via: CNSNews.comThe federal government hauled in a record $3,835,390,000,000 in total taxes in the first nine months of fiscal 2022 (October through June), according to the Monthly Treasury Statement. That was up $502,438,730,000—or 15.07 percent—from the then-record $3,332,951,270,000 (in constant June […]
Capital and Risk, Macroeconomic
July 15, 2022
Via: DailyFXThe US consumer remains strong as indicated by this morning’s release of US retail sales data for the month of June. That data point came in at 1% versus an expectation for .8%. And last month’s -.3% that caught so […]
Capital and Risk, Macroeconomic
July 13, 2022
Via: American BankerSmall-bank executives overwhelmingly think the U.S. economy will fall into a recession by 2023. In an online survey conducted June 21-30, a whopping 96% of community bank leaders said they expect an economic decline to strike by the end of […]
June 27, 2022
Via: DailyFXDurable goods orders are used as a barometer for the U.S. economy by measuring industrial activity. This economic indicator represents new order data from U.S. manufacturers for higher value goods that are said to last over three years. Increasing durable […]
June 23, 2022
Via: DailyFXU.S. economic activity continued to decelerate at the tail end of the second quarter, weighed down by sky-high price pressures and weakening demand conditions. According to S&P Global, its Flash Composite Purchasing Managers’ Index, which combines manufacturing and services production […]
Capital and Risk, Macroeconomic
June 20, 2022
Via: CNSNews.com“We are going to take action. We’re going to prioritize. We’re going to make clear that tackling inflation is our top economic priority,” said Brian Deese, one of President Biden’s top economic advisers, on Sunday. Deese appeared on several Sunday […]
Capital and Risk, Macroeconomic
June 14, 2022
Via: Banking DivePrices for shelter, gas and food all rose in May following an April decline, with overall inflation increasing rapidly past expectations, damping hopes that inflation had peaked and intensifying fears of a recession. Mason’s comments come on the heels of […]
June 2, 2022
Via: DailyFXGBP/USD called back some of yesterday’s downside in the Asian and European sessions after the dollar took its foot off the pedal as U.S. Treasury yields eased. Currently, the UK economy is under pressure from rampant inflation and slowing manufacturing […]
Capital and Risk, Macroeconomic
May 23, 2022
Via: CNSNews.comDon’t say recession. Call it “transition,” Brian Deese, director of the White House National Economic Council, told “Fox News Sunday.” Host Martha MacCallum asked Deese if he agrees with those who say the United States is heading into recession in […]
Capital and Risk, Macroeconomic
May 11, 2022
Via: CNSNews.comPresident Joe Biden does not believe his $1.9 trillion COVID relief package, which was signed into law last year, played any role in the increase in inflation, White House Press Secretary Jen Psaki said Tuesday. Shortly after the president’s speech […]
Capital and Risk, Macroeconomic
May 6, 2022
Via: CNSNews.comThe number of people working for government in the United States grew by 22,000 in April, according to the employment report released today by the Bureau of Labor Statistics. In March, there were 22,167,000 people employed by government in this […]
Capital and Risk, Macroeconomic
April 28, 2022
Via: DailyFXThe U.S. economy hit the brakes and downshifted abruptly during the first three months of the year, marking a sharp turnaround from the robust 6.9% expansion recorded at the end of 2021. According to the Department of Commerce, first-quarter gross […]
Capital and Risk, Macroeconomic
April 8, 2022
Via: YahooIndexes extended their losses on Thursday as markets digested the latest Fed minutes, where Federal Reserve officials “generally agreed” to cut up to $95 billion a month from the central bank’s balance sheet to combat surging prices. In light of […]
April 4, 2022
Via: Insurance JournalInsurance executives who oversee more than $13 trillion in assets expect the U.S. to enter a recession in the near future, according to an annual survey conducted by Goldman Sachs Group Inc. Of 328 chief investment officers and chief financial […]
Capital and Risk, Macroeconomic
March 31, 2022
Via: CNSNews.comWhen asked whether they would support President Joe Biden’s budget proposal for 2023, a couple of Democratic senators said that Biden’s budget plan reduces the deficit. At the Capitol on Wednesday, CNSNews.com asked the senators, “Biden’s budget proposal calls for […]