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UNITED STATES: Gambling growth will continue
Estimates of income rather than output, of household rather than firms' employment, and of real rather than nominal wages often diverge, but the gap has widened since the…
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DOI: 10.1108/OXAN-DB284606
ISSN: 2633-304X
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UNITED STATES: Solid economy set for a modest slowdown
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DOI: 10.1108/OXAN-ES284810
ISSN: 2633-304X
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President Joe Biden turns 81 today. In a country where half the population is younger than 39, most voters would rather not see an electoral rematch between Biden and Donald…
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DOI: 10.1108/OXAN-DB283463
ISSN: 2633-304X
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The Federal Reserve (Fed) has raised interest rates from zero in March 2022 to 5.25-5.5% and has reduced its bond holdings from nearly USD9tn to USD7.8tn. While the Inflation…
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DOI: 10.1108/OXAN-DB283712
ISSN: 2633-304X
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UNITED STATES: Spending surge makes GDP path uncertain
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DOI: 10.1108/OXAN-ES282974
ISSN: 2633-304X
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Despite fears of a recession, the US economy continues to add jobs and employers report difficulties attracting and retaining workers. Wage growth is decelerating fitfully…
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DOI: 10.1108/OXAN-DB281325
ISSN: 2633-304X
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The Fed insists that subsequent moves will depend on economic developments, but its forecast implies that, although not imminent, another 25-basis-point (bp) increase will happen…
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DOI: 10.1108/OXAN-DB282113
ISSN: 2633-304X
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UNITED STATES: Job market trend in line with Fed aims
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DOI: 10.1108/OXAN-ES281589
ISSN: 2633-304X
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Adams wants to tell potential migrants in the region that New York is “at capacity”. Last week’s heavy flooding underscored the frailties of the city’s 19th-century…