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
2018 GDP Growth Comes Up Short of 3% Goal
For most of us 2018 is already far in the rear-view mirror as we motor through 2019. Of course, following the Bureau of Economic Analysis of the United States Department of Commerce’s release of 2018 gross domestic product (GDP) figures today, those who keep an eye on the U.S. economy are finding themselves forced to look back. Those who do will find a bit of a mixed bag that includes...
Economic News
President Trump Delays Increase to China Tariffs Due to "Substantial Progress"
Since first hitting the campaign trail in 2016, one of the topics that now President Donald Trump has hit one more than nearly any other (save “The Wall”) has been China. Thus, once ascending to the highest office in the land, the president has taken aim at the People’s Republic of China, resulting in a trade war that escalated throughout the past year. However, as an agreed upon “ceasefire” nears...
Economic News
Bankrate Study Finds Credit Card Debt Rising, Emergency Funds Falling
We’ve often heard frightening statistics about how few adults could cover an unexpected expense of only a few hundred dollars. Additionally the amount of credit card debt Americans hold has topped $1 trillion in recent years. Now a new survey by Bankrate has some more bad news: the percentage of those whose debt outweigh their savings is on the rise. In a survey conducted earlier this year, Bankrate found that...
Economic News
U.S. Dollar Continues to Strengthen
Despite economists bracing for the dollar to weaken due to the Fed's new dovish tone, it seems that the greenback is only continuing to rally. As CNN Business reports, the dollar has rallied 1.5% since January 30th — the date of the last Fed meeting. Not only is this development coming as a surprise to observers, but it could also serve as a headache for multinational corporations. Although a strong dollar...
Economic News
Finland's UBI Experiment Nets Happier Residents But No Extra Jobs
In recent years the concept known as universal basic income has gained steam as a potential alternative to the existing welfare state and/or a necessary preparation for upcoming changes to the economy. While economists and think tanks of many policial stripes have floated their own ideas and theories for what such a program would look like and what it would accomplish, there have only been a handful of real-world deployments...
Economic News
Job Report Exceeds Expectations, Reaches Historic Milestone
It was just yesterday that economists and observers were offering their best guesses for what promised to be an interesting jobs report. Complicated by the longest partial government shutdown in history, expectations had pegged the number of payrolls being added at 165,000. In actuality the report released by the Labor Department shows that the economy added upwards of 300,000 — reaching a notable milestone in the process. As CNBC reports,...
Economic News
