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The US economy is on solid footing right now. Economists at Bank of America expect it to stay that way through next year. In a research note released to reporters on Monday, BofA's economics team ...
At 4.3% now, unemployment remains historically low. But wait, there’s context: Job creation has been slowing down in the face of high interest rates, which make it harder for businesses to expand.
U.S. employers added 227,000 jobs in November as the effects from hurricanes and strikes the previous month reversed. The unemployment rate was 4.2%
Consumer spending, which accounts for more than two-thirds of U.S. economic activity, rose 0.4% last month after an upwardly revised 0.6% advance in September, the Commerce Department's Bureau of ...
Economic data releases and earnings The US economy continues to impress. And we think there is a fairly straightforward, fundamental story that explains why we stand where we stand in July 2023.
"The economy is continuing to chug along. There's really no impetus to be alarmist here," she said. Aronov added that rates aren't as restrictive as the Fed may have expected.
The US economy expanded at an even stronger pace in the third quarter, despite interest rates at their highest level in 22 years.Gross domestic product, a measure of all goods and services ...
The economy grew at a 2.1% pace in the April-June quarter and is expanding at a pace well above what Federal Reserve officials regard as the non-inflationary growth rate of around 1.8%.
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