BofA withdraws its US recession forecast
In a memo, Bank of America economists announced that they had previously withdrawn their forecasts for a mild recession in the US economy in...
US puts two more Chinese companies on ban list
The USA has put two more Chinese companies on the ban list on the grounds that they are forcing minorities to work. Thus, a...
US banks tightened loan conditions in the second quarter
The US Federal Reserve (Fed) stated that banks in the country tightened loan terms for companies in the second quarter.
The US Federal Reserve (Fed)...
Interest rate comment from Chicago Fed President Goolsbee
Chicago Fed President Austan Goolsbee stressed that the September rate hike is uncertain and nothing is off the table.
Fed member Austan Goolsbee is optimistic...
The lowest increase in 2 years in the Fed’s favorite inflation data
While the signs of cooling in inflation indicators in the USA continued, consumer expenditures recovered in June, indicating that economic growth gained momentum. Personal...
US consumer confidence revised down in July
The consumer confidence index, measured by the University of Michigan in the USA, was revised down to 71.6 in July, recording its highest level...
Profits of US energy companies fell in the second quarter
US energy giant ExxonMobil's profit in the second quarter decreased 56 percent year on year to $ 7.9 billion, while the profit of Chevron,...
White House lowers US budget deficit forecast
The White House cut its forecast for the US economy's budget deficit by $26 billion this year and increased it by $31 billion next...
Strong growth data in the USA
According to the data released by the US Department of Commerce, economic growth exceeded expectations and realized as 2.4 percent. Orders for durable goods...
Unemployment claims in the US at 5-month low
The number of first-time applications for unemployment benefits in the US fell to 221,000 in the week ending July 22, the lowest level in...