Category: Economic News
The macro economy has a large impact on your personal finances. To help you manage your money better we track the import economic trends. Stay up to date so you can be prepared to adjust your personal finance strategies.
Economic News
Economic News
Federal Reserve Cuts Interest Rates, First Time Since 2008
This week the Federal Reserve voted to lower its key short-term interest rate by a quarter-point. The widely expected move marked the first time the Fed has cut rates in more than a decade, moving the new target to 2%-2.25%. As USA Today reports, the decision comes even as most economic indicators remain positive. In a statement released following the meeting, the Fed wrote, "This action supports the Committee's view...
Economic News
U.S. Economy Grows 2.1% in Q2 2019
With the United States economy currently enjoying its longest-ever expansion period, it would seem that each quarterly gross domestic product (GDP) report comes with enhanced emphasis. Thus this morning's release showing 2.1% growth for Q2 has been met with mixed reactions and analyses. For example, while the second quarter's 2.1% was a full point lower than Q1, it did "beat the street" as experts polled by MarketWatch had anticipated 1.9%...
Economic News
U.S. Job Growth Rebounds in June
Following a disappointing May jobs report (that just so happened to be released the same day President Trump canceled planned tariffs on Mexico), it seems that the United States jobs market bounced back in June. This morning the Labor Department released its latest report showing that the economy added a better-than-expected 224,000 jobs. That's nearly three times the 75,000 jobs added in the month prior. Additionally, despite the unemployment rate...
Economic News
S&P 500 Enjoying its Best June Since 1955
June 2019 may not have been the smoothest for the stock market but it is at least on track to end things on a high note. As CNN Business notes, the S&P 500 is likely to see its best June in more than six decades. This comes after weeks of rises and falls that hinged on matters of trade, interest rates, and more. Currently the S&P 500's gains for this...
Economic News
20% of Americans Believe the Next Recession Has Already Begun
Looking to when the next recession will hit, 55% of experts said it would arrive in one to two years while 44% estimated it would take two years or more. However, although the top response among everyday Americans was “two or more years” with 26%
Economic News
Survey Finds Majority of Americans Want a Fed Rate Cut
When the Federal Reserve meets this week, for the first time in months the big question will not be whether or not they'll raise interest rates but whether they might cut them. According to the personal finance site WalletHub, there's a 23% chance they do so during their next session, with that probability increasing to 87% by July and 97% by September. If they do, it will be the first...
Economic News
