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Tag: U.S. economy


Capital and Risk, Macroeconomic

Biden: Inflation Month to Month Is ‘Just an Inch, Hardly at All’; ‘It Hasn’t Spiked’

September 19, 2022

Via: CNSNews.com

As 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

Rep. David Rouzer: Dems’ $769B Spending Bill Is ‘a Bad Bill’ That Will ‘Draw the Economy Further Into the Ground’

August 2, 2022

Via: CNSNews.com

The 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

U.S. Economy Shrinks for Second Quarter in a Row

July 28, 2022

Via: CNSNews.com

The 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 […]


Activity, Retail Banking

The Untapped Market Hiding in Consumer Bank Accounts

July 26, 2022

Via: Bank Director

Banks 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

Rep. Roy Blasts U.S. Energy Policy as Dems Praise Dip in Gas Prices

July 25, 2022

Via: CNSNews.com

House 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

$3,835,390,000,000: Federal Tax Collections Set Record Through June

July 18, 2022

Via: CNSNews.com

The 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

June Retail Sales at 1% v/s .8% Expected, May Revised Higher

July 15, 2022

Via: DailyFX

The 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

Small-bank executives in near-universal agreement that recession is coming

July 13, 2022

Via: American Banker

Small-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 […]


Capital and Risk, Liquidity

USD Breaking News: Dollar Finds Support After Strong Durable Goods Release

June 27, 2022

Via: DailyFX

Durable 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 […]


Capital and Risk, Liquidity

US Dollar Softens After Weak US Business Activity Data Raises Recession Odds

June 23, 2022

Via: DailyFX

U.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

Biden Administration’s Plan to Fight Inflation: ‘We Are Going to Take Action. We’re Going to Prioritize…’

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

Citi CFO sees support for more Fed moves to stave off inflation

June 14, 2022

Via: Banking Dive

Prices 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 […]


Capital and Risk, Liquidity

British Pound (GBP) Forecast: Positive Start for Cable on Spring Bank Holiday

June 2, 2022

Via: DailyFX

GBP/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

Biden Economic Adviser: ‘Our Economy Is in a Period of Transition’

May 23, 2022

Via: CNSNews.com

Don’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

Psaki: Biden Does Not Think His COVID Relief Package Played Any Role in Inflation Increase

May 11, 2022

Via: CNSNews.com

President 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

Government Grew by 22,000 Workers in April

May 6, 2022

Via: CNSNews.com

The 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

US First Quarter GDP Shrinks 1.4%, S&P 500 Holds Gains but Uncertainty Rises

April 28, 2022

Via: DailyFX

The 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

‘Significant slowdown in economic growth’ looms, strategist says

April 8, 2022

Via: Yahoo

Indexes 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 […]


Capital and Risk, Insurance

Goldman Poll Finds Insurers Expect a U.S. Recession

April 4, 2022

Via: Insurance Journal

Insurance 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

Sens. Stabenow, Menendez: Biden’s 2023 Budget Proposal ‘Cuts the Deficit’

March 31, 2022

Via: CNSNews.com

When 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 […]