Hedge fund icon Ray Dalio is sounding the alarm a lot this year over what he sees as the dire state of the US economy. His main concern in recent months has been the impact of soaring US debt levels and high deficit spending; now, he’s raising red flags about the path of monetary policy….
LONDON (AP) — The Bank of England kept its main interest rate unchanged at 4% on Thursday with a majority of policymakers indicating that they need more information on how swiftly inflation will fall back towards their target. The decision by the nine-member rate-setting body to maintain Bank Rate — a benchmark for mortgages as…
Discontent with the economy is once again proving to be the primary force in U.S. politics, defining elections in three states on Tuesday and punishing the party in power. PREMIUM New York City Mayor-elect Zohran Mamdani made the case the economy wasn’t working for everyone. Democratic candidates who focused their messages on economic issues will…
To understand how Americans are faring economically these days, it’s helpful to consider the eleventh letter of the alphabet. Experts describe the current U.S. economy as “K-shaped,” a reference to the divergent fortunes of wealthier consumers compared with people lower down the ladder. The upward-slanting stroke of the “K” represents the ongoing trend of strong…
China’s services activity expanded in October even though growth was the weakest in three months, a private survey showed, as holiday spending and travel by households supported the industry during a deepening economic slowdown. The RatingDog China services purchasing managers’ index slipped to 52.6 from 52.9 in September, according to a statement published Wednesday, extending…
Americans are expected to open their wallets this holiday season, increasing their gift budgets even as a slowing job market and stubborn inflation weigh on consumer confidence, according to a new analysis from Visa Business and Economic Insights. U.S. consumers are forecast to spend an average of $736 each on holiday gifts, a 10% increase…
Jasondoiy | E+ | Getty Images A recent NBC News poll showed growing frustration among Americans regarding President Donald Trump‘s handling of the economy less than a year after entering office. In a poll of 1,000 voters taken between Oct. 25-28, 63% said Trump had fallen short of expectations regarding the economy. Separately, 65% said…
Wall Street closed out October on a high. AI optimism, solid earnings, and easier financial conditions lifted stocks to their sixth consecutive month of gains while credit just notched its third straight advance. But as risk assets surged afresh, the Federal Reserve sent a quieter, more complicated signal. Source link
People shop for food at a supermarket in Monterey Park, California on September 9, 2025. Frederic J. Brown | Afp | Getty Images A tamer-than-expected U.S. inflation report for September injected optimism into markets. Traders are now betting that the Federal Reserve will almost certainly cut rates at its October meeting — scheduled for later…
Stocks jumped for the second straight week and reached record highs Friday as Washington trade and shutdown drama took a back seat to cooler inflation data and stronger earnings. The S & P 500 and Nasdaq rose 2% and 2.3%, respectively, for the week. In fact, the S & P 500 on Friday peaked above…