US Economy Sees First GDP Decline Since 2022: Q1 Falls 0.3%
US Economy Contracts in Q1 2025: First Negative Growth Since Early 2022 The United States recorded negative economic growth for the first time since early 2022, as real gross domestic…
Archive
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Gold Falls as Trade Tensions Ease Despite Monthly Gains
Gold Prices Retreat as Dollar Strengthens and Trade Tensions Ease Gold prices eased 1.3% on Wednesday, falling to $3,274.10 an ounce and marking the second consecutive day of declines. The…
U.S. $18 Trillion Debt Crisis: Paying for Lunch on Credit
Consumer Debt Crisis: What It Means for Families and Communities Consumer debt in the United States has reached an unprecedented level, exceeding $18 trillion nationally, and the average family now…
1970s Stagflation: Is Today’s Economy Repeating History?
Federal Reserve Caught Between Tariff-Driven Inflation and Rising Unemployment The Federal Reserve is confronting a complex and potentially dangerous economic trade-off: higher consumer prices driven in part by new tariffs…
Can Trump Remove Fed Chair Powell? Limits of Presidential Power
Trump Suggests He Might Remove Fed Chair Powell; Experts Outline Legal Issues President Donald Trump recently suggested he could dismiss Federal Reserve Chair Jerome Powell before the scheduled end of…
Clash Between White House and Fed Stokes Economic Uncertainty
Markets Volatile as President Trump Intensifies Criticism of Fed Chairman Jerome Powell Financial markets have become notably volatile as President Trump has stepped up his public criticism of Federal Reserve…
Import Spike Before Tariffs Sends US Trade Deficit to Record High
U.S. Goods-Trade Deficit Hits Record $162 Billion in March 2025 The U.S. goods-trade deficit unexpectedly rose to a record $162 billion in March 2025, widening 9.6% from February. The sharp…
Trade War Could Trigger Summer Recession, Says Apollo Economist
Apollo Warns Trump’s Tariffs Could Spark Summer 2025 Recession and Early Store Shortages Apollo Global Management has issued a warning that new tariffs proposed by the Trump administration could produce…
Chinese Banks Cash In on Gold’s Record Rally Amid Surging Demand
Surge in Gold Prices Spurs Strong Demand for Gold Investment Products at Chinese Banks Record-high gold prices are fueling a marked increase in demand for gold investment products offered by…
Trump Tariffs and European Growth Push Dollar to 2002 Low
US Dollar Posts Largest Two-Month Drop Since 2002 as Risk and Policy Shifts Reorder Markets The US dollar is on track to record its largest two-month decline since 2002, slipping…
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