US Economy

By My Trading Buddy | News & Stories affecting the US Economy and those that are Investing and Trading Assets associated with the US Dollar, whether Stocks, Options, Futures or Forex

USD Extends Recovery from Four-Month Lows - Markets Analysis

Contrary to popular wisdom, the U.S. dollar declined sharply in the wake of the Federal Reserve’s March 15 rate hike. The decline culminated in fresh …

Forex

U.S. economic growth revised higher, boosted by consumer spending

WASHINGTON (Reuters) - U.S. economic growth slowed less than previously reported in the fourth quarter as robust consumer spending provided a boost that was partially offset by the largest gain in imports in two years.<p>Gross domestic product increased at a 2.1 percent annualized rate instead of the …

Labor Economics

Fed Rate Rise Triggers Massive Slide in US Dollar - Markets Analysis

The Federal Reserve’s decision to raise interest rates earlier this month has triggered a landslide in the US dollar, proving once again that …

Forex

Central Banks Rundown: Monetary Policy Continues to Drive Markets - Markets Analysis

Monetary policy has been a key driver of the global financial markets since the 2008 U.S. subprime mortgage crisis, which quickly devolved into the …

Trump and VIX - A Volatile U.S. President - A Volatile Market

Donald Trump’s surprise election win triggered a meteoric rise in global equities, as investors rallied behind expectations of faster economic …

Economics

Experts Divided on What Trump Policies Mean for the Economy

Despite rising stock prices, some experts remain concerned that economic proposals from the campaign of President Donald Trump will hurt the …

March 2017 Market Outlook - Important Economic Events - Markets Analysis

Although Donald Trump’s victory in the US Presidential elections resulted in an immediate upturn in business sentiment in the country, the highly …

These are the facts about the US trade deficit Trump has failed to mention

President Donald Trump regularly tells Americans they're getting "killed on trade," a reference to the U.S.'s trade deficit — that is, the amount by …

As Trump Eyes Trade War, These Countries Could Be the Next Targets - Markets Analysis

U.S. President Donald Trump has made international trade the centre of his campaign to “make America great again.” So far, he has singled out China …

Mid-Week Markets Bullet Report - Yellen Testimony in Focus - Markets Analysis

<b>Mid -Week Markets Bullet Report – February 15, 2017</b><p>The momentum in Dollar strength and Stock markets has continued yesterday and this morning as FED …

Forex

Trump Vs. Yellen: Could This Relationship Affect the Economy? - Markets Analysis

Wouldn’t it be wonderful if the president of the United States and the Federal Reserve saw eye to eye? But this is the real world and this is an era …

Fed Economist Using News, Social Media to Track Economy

Daniel Wilson, San Francisco Federal Reserve Bank research adviser, discusses the predictive power of news and social media posts with Bloomberg's …

Federal Reserve

Trump's Trade Policies Only Make the Dollar Stronger

Donald Trump is off to a controversial start as U.S. president, but for the most part financial markets have been fairly relaxed about American and global economic prospects despite the lack of any precise contours for the new administration's fiscal strategy.<p>In fact, the markets have barely …

Kashkari Says Economy Still Needs Low Rates as Inflation Lags - Bloomberg

Federal Reserve Bank of Minneapolis President Neel Kashkari justified his vote last week to leave interest rates unchanged by saying inflation is in …

Goldman economists see more risks for U.S. economy

(Reuters) - A fiscal boost to the United States is more likely in 2018 than this year, according to Goldman Sachs economists, as "the balance of risks is somewhat less positive" one month into the new year and as U.S. President Donald Trump's growth-boosting agenda could be offset by negative …

Economists estimate the long-term consequences of big tax cuts

President Trump and Congress are likely to consider an historically broad range of tax and spending changes over the next year. But they’ll be doing …

After Trump moves to undo financial regulations, Sanders calls him 'a fraud'

Former presidential candidate Sen. Bernie Sanders on Sunday cast President Donald Trump's moves this week to undo financial regulations enacted following the 2008 financial crisis as a betrayal of his campaign promises to stand up against Wall Street.<p>"This guy is a fraud," Sanders, I-Vt., said on …

The US tried extra-high tariffs before, in 1930. It was a disaster.

US President Donald Trump talks a lot about the evils of trade deals and trade imbalances. To combat this, one of his proposals is to slap tariffs — taxes on imports — on US trading partners.<p>Yet vast economic research shows: trade makes us much more prosperous. So, what’s going on?<p>To understand how …

STOCKS GO NOWHERE AFTER FED HOLDS: Here's what you need to know

Stocks didn't move much after the Federal Reserve kept their key interest rate on hold.<p>Stocks moved slightly after the news, but didn't make major gains on the day as all three major US stock indexes pushed into the green.<p>Bond yields did sink slightly following the Fed's decision, but remained up …

It`s The Fed`s Responsibility To Pop Asset Bubbles

By EconMatters<p>It is pretty obvious the stock market is not, and has not been trading on actual earnings for a long time, but at these valuations it …

United States

UK remains fastest growing economy in western world after growing 0.6pc in final quarter of 2016

Supermarket price wars will limit the strain on household budgets this year, the Chancellor said on Thursday, as official figures cemented the UK's position as the fastest growing major advanced economy in 2016.<p>Philip Hammond said the "incredible market share war" between supermarkets over the past …

Here's every US state's December unemployment rate

The Bureau of Labor Statistics recently released the December unemployment rates for each of the 50 states and DC.<p>According to the Bureau, the unemployment rate fell in 10 states from the previous month, rose in one state, and stayed more or less unchanged in 39 states and Washington, …

Trump didn’t kill TPP, the people did

Don’t let him take the credit for the Trans-Pacific Partnership’s demise, it was already dead – and no thanks to Hillary Clinton<p>Can everyone stop saying Donald Trump killed off the Trans-Pacific Partnership? He didn’t. It was already dead. Thanks to pressure from ordinary Americans – yes, it really …

Democracy

This is How Trump Can Fix the U.S. Economy's Biggest Problem

All U.S. income growth stuck at the top 20%?<p>The biggest risk to the U.S. economy is lopsided growth said American Enterprise Institute President Arthur Brooks.<p>“All growth is stuck in the top quintile distribution,” Brooks told the FOX Business Network’s Maria Bartiromo on Tuesday. “Effectively, the …

Holiday spending surpasses expectations

Initial reports about holiday spending bode well for retailers.<p>Consumers spent 16% more on holiday purchases this year than in 2015, according to the …

eCommerce

Loynes: U.S. Economy Close to Capacity Pushes Inflation

Jonathan Loynes, chief economist at Capital Economics, and Stephen King, senior economic adviser at HSBC, examine the U.S. economy and reflation …