The unexpected slowdown in U.S. GDP growth in the first quarter, falling below projections, coupled with concerns about rising inflation, has sparked market downturns and raised potential signals of economic challenges ahead.
Tags: US economy
US Unemployment Claims Rise as Layoffs Increase, Indicating Weak Labor Market
Initial jobless claims in the US have surged to their highest level since August 2023, indicating potential challenges in the strong labor market. Employers are increasing layoffs despite recent positive hiring trends.
Joe Biden Insists US Economy Is Doing Well Amid Mounting Criticisms on 'Bidenomics'
President Joe Biden has reaffirmed his belief that the US economy is on an upswing despite widespread criticism of his economic policies.
Biden’s Economic Advisor Jared Bernstein Awkwardly Explains How Money Works
US President Joe Biden's economic advisor Jared Bernstein acknowledged his inability to explain how money works.
Joe Biden Says 'Xenophobia' Hinders China, Japan, and India's Economic Growth as US Benefits From Migration
President Joe Biden said "xenophobia" among countries like China, Japan, and India is impeding their economic growth, contrasting it with the US, which he claimed benefits from migration.
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Despite international sanctions over its war in Ukraine, the International Monetary Fund (IMF) has forecasted that the economy of Russia will grow quicker than all of the advanced economies in the world, including the United States, in 2024.
JPMorgan Chase CEO Jamie Dimon warns that persistent inflation, ongoing wars, and the Fed's tightening means there's a need for preparedness as the US economy may inevitably fail.
A notable shift is occurring in the ongoing blame game surrounding inflation, with voters increasingly pointing fingers at big corporations rather than to President Joe Biden.
President Joe Biden announced plans to increase taxes on big corporations and wealthy Americans during his State of the Union address on Thursday night.
The Federal Reserve may decrease interest rates in June following the lowest annual gain in over three years in the United States.
The Federal Reserve has indicated a cautious approach towards cutting US interest rates. The Federal Reserve has indicated a cautious approach towards cutting US interest rates.
A team of five officials from the US Treasury Department is heading to China this week for economic talks.
A new poll shows that President Joe Biden falls behind former President Donald Trump by more than 20 points on the issue of which candidate would better handle the economy.
Former President Donald Trump has voiced his disapproval of Federal Reserve chair Jerome Powell's handling of the economy.
