US Business Investment dropped for the 1st time since February 2021
Multiple news outlets have reported that the numbers for orders at US factories for long-lasting items dropped 2.2% in February 2022. However, the business investment declined for the first time in one year. The reports also suggested high prices and continuing supply chain
Job Growth in September is critical for US Economy
The month of September is more critical for the US economy because of the labor market recovery and the dwindling of the Federal Reserve as the rate-hike plans remain in suspension. Last month, US hiring slowed sharply after an increase in COVID-19 infections
Experts warned Coronavirus Delta Variant Could Block the US Economic Recovery
The Minneapolis Federal Reserve President Neel Kashkari has warned the Delta variant can block the economy’s comeback. However, the coronavirus Delta variant has already led some officials to reinstate mask mandates. Kashkari said in a press interview that a more transmissible delta variant
CBO says the US Economy will effectively be recovered by mid-2021
The US CBO (Congressional Budget Office) has projected that the US economy will bounce back to its pre-pandemic size by the middle of the year without any emergency stimulus. The recent report throws a monkey wrench into President Biden’s push to pass an
United States has experienced the Highest Poverty rate in last 6 Decades
The coronavirus pandemic severely damaged the US economy and more than 8 million Americans have tumbled into poverty during a 6-month period of the coronavirus pandemic. New research says the US poverty rate in November jumped to 11.7%, up 2.4 percentage points from
Trump puts wild allegations at ‘WHO’ while Bill Gates criticized him for the move
US President Donald Trump has threatened to end US funding for the WHO (World Health Organization). He will hold $500 million per year funding at the peak of the global coronavirus epidemic. Trump blamed the organization for covering up the outburst in its
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