The U.S. service sector has experienced its first contraction in nearly a year, signaling potential slow economic growth and high inflation. According to BlockBeats, this decline was driven […]
Trump Calls for Fed Rate Cuts Amid Economic Concerns
In a move that signals his intention to navigate the economic challenges, U.S. President Donald Trump urged Federal Reserve Chairman Jerome Powell to reduce interest rates. This call […]
ADP Report Reveals Slowed U.S. Job Growth in May
May 2025 saw only 37,000 new jobs created in the United States, a significantly lower figure than economists’ expectations of 110,000. The ADP National Employment Report paints a […]
U.S. Employment Growth Weakens in May
The U.S. economy added a smaller-than-expected number of jobs in May, with the reported increase falling short of forecasts. Official figures show just 37,000 new jobs were created […]
U.S. Treasury Yields Climb As Trade Tensions Between U.S. and China Escalate
Treasury yields increased as tensions between the U.S. and China heightened over a trade dispute, casting uncertainty on market stability. 10-year Treasury yield climbed above 4.4% while 2-year […]
U.S. Inflation Rate Expectations Ease in May
The anticipated one-year inflation rate for the United States fell to 6.6% in May, according to data compiled by Odaily. This decline from the projected 7.1% and a […]
Budget Deficit Threatens U.S. Economy as Markets Feel Ripple Effects
The U.S. budget deficit is a growing concern, with potential implications for the economy and markets alike. Citigroup’s equity strategist, Scott Chronert, highlights that recent legislation is unlikely […]
U.S. Treasury Secy: Trade Partner Cooperation Remains Steady
U.S. Treasury Secretary Janet Yellen confirmed that cooperation with trade partners remains strong, stating there’s been no shift in their approach over the past 48 hours. Several key […]
U.S. Economy Slows Down: Is the Fed Ready for Rate Cuts?
Recent economic data has shed light on a slowing U.S. economy, with GDP contracting in the first quarter and weak consumer spending contributing to this trend. However, a […]
Trump’s Trade Wars Impact U.S. Economy, GDP Drops in Q1
The U.S. economy experienced a significant decline in the first quarter of 2025, with Real Gross Domestic Product (RGDP) falling at an annual rate of 0.2%. The BEA […]
U.S. Court Halts Trump’s Emergency Tariffs, Challenging Presidential Tariff Authority
A recent ruling from the U.S. Court of International Trade has dealt a blow to President Trump’s trade policies by halting his emergency tariffs. The court found that […]
White House’s Shifting Stance Fuels Debate on U.S. Economic Policy
As Bitcoin struggles to hold the $109,000 mark and Ethereum trades above $2,600 amidst uncertainty, altcoins are reacting to recent controversial remarks from the White House regarding tariffs. […]
Morgan Stanley Predicts U.S. Treasury Yields for Next Year
Financial analysts at Morgan Stanley anticipate a rise in U.S. 10-year Treasury bond yields to 3.45% by the second quarter of next year.
Moody’s Downgrades U.S. Rating: Implications and Fed Chair Bostic Discusses Economic Impact
The credit rating agency Moody’s downgraded the United States’ sovereign debt rating, raising concerns about the nation’s economic stability. Federal Reserve Chair Jerome Powell has also weighed in […]
U.S. Treasury Holds Back on Trade Agreements at G7 Finance Ministers Meeting
Despite expectations of potential trade deals, the U.S. Treasury appears to be refraining from making any announcements related to new agreements during the G7 finance ministers meeting in […]