Economy

4th Quarter GDP Beats Market Estimates; Consumers, Government Drive Growth

New government data show that the U.S. economy slowed in the fourth quarter but still finished 2024 on a solid footing.

Unemployment Claims See Slight Uptick, but Private-Sector Layoffs Remain Low

Number of Americans filing for unemployment benefits slightly increased, but layoffs across the country remain relatively low, Dept of Labor Mar 20.
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Federal Reserve March Policy Meeting—Key Takeaways

The Federal Reserve concluded its two-day policy meeting on March 19, leaving interest rates unchanged for the second straight time.

US Annual Inflation Slides to Lower-Than-Expected 2.8 Percent

The latest U.S. annual inflation rate, released on March 12, came in below economists’ expectations, driven by lower energy costs.

Import Surge Drives US Trade Deficit to Record High in January

U.S. trade deficit reached record high in January on surge of imports. Trump is vowing to reverse trend by curbing foreign goods and boosting domestic production.

Inflation Expectations Jump to 30-Year High, Consumer Confidence Falls

U.S. consumer confidence tumbled to a 15-month low in Feb, as inflation fears surged and expectations for the broader economy and personal finances deteriorated.

US Home Sales Fall to Lowest Level in Nearly 30 Years, Realtors Association Says

The median price of homes reached a record high of $407,500 in 2024. Existing home sales in the United States...

US Racing Against Time to Reclaim Supply Chain From China: Former Commerce Official

A former Department of Commerce official recently stressed the urgency of the threat of U.S. supply chain dependence on communist China.