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Households were saving hundreds of billions more dollars per month in 2020 and 2021 compared to the pre-pandemic trend, according to the SF Fed. One big reason those piggy banks got so full was ...
This data, sourced from national agencies responsible for customs data collection, is available for over 25 countries, which collectively represent 85% of global trade. Additionally, the OEC includes Bill of Lading (BoL) data, which comprises millions of records for products shipped to and from the United States, compiled by the U.S. Customs ...
The economic data published on FRED are widely reported in the media and play a key role in financial markets. In a 2012 Business Insider article titled "The Most Amazing Economics Website in the World", Joe Weisenthal quoted Paul Krugman as saying: "I think just about everyone doing short-order research — trying to make sense of economic issues in more or less real time — has become a ...
In May 2020, Chinese Premier Li Keqiang announced that, for the first time in history, the central government would not set an economic growth target for 2020, with the economy having contracted by 6.8% compared to 2019 and China facing an "unpredictable" time. However, the government also stated an intention to create 9 million new urban jobs ...
It is so far above the extrapolated trendline due to the government stimulus in 2020, 2021, and part of 2022 (QE was still happening in 2022) that the economy has remained supported, the consumer ...
In these charts, top Wall Street experts explain how inflation's decline and resilient economic growth, among other forces, have investors optimistic the stock market's 2024 rally has more room to ...
In the first two quarters of 2020 amid Donald Trump's presidency, [118] the U.S. economy suffered major setbacks beginning in March 2020, due to the novel coronavirus and having to "shut-down" major sectors of the American economy. [119] As of March 2020, US exports of automobiles and industrial machines had plummeted as a result of the ...
CNN reported in September 2020 that GDP grew 4.1% on average under Democrats, versus 2.5% under Republicans, from 1945 through the second quarter of 2020, a difference of 1.6 percentage points. [3] In February 2021, The New York Times reported: "Since 1933, the economy has grown at an annual average rate of 4.6 percent under Democratic ...