News Source EXCERPT: Los Angeles’ hotel industry is losing jobs at its fastest pace in a decade outside of the pandemic, raising fresh concerns about the economic fallout from some of the…
Tag: Trump Economy
Gold Conquers U.S. Treasuries – mindfulintelligence.com
The world’s top reserve asset is no longer US Treasuries, it’s gold, and that rally is being led by China, with Poland, Kazakhstan, and Brazil joining in the gold buying frenzy. Go…
Trump is facing a new inflation warning from the bond market, adding to his midterm challenges– abcnews.com
News Source EXCERPT: WASHINGTON — The world is getting more uptight about lending money to President Donald Trump’s government — causing interest rates to climb in ways that are worsening affordability pressures,…
Fall to $4.39 per gallon, dropping 16 cents in one week– www.washingtonexaminer.com
News Source EXCERPT: The national average price for regular gas continued to fall on Friday, dropping to $4.391 per gallon, a 16-cent decrease over the past week, according to AAA. Gas prices…
Americans Savings Rate Falls to Lowest Level Since 2022 › American Greatness– amgreatness.com
News Source EXCERPT: Americans are saving less money than they have in nearly four years as rising living costs strain household finances and force many families to rely increasingly on credit cards…
Core inflation hit an annual rate of 3.3% in April, as expected, Fed’s preferred gauge shows– www.cnbc.com
News Source EXCERPT: Inflation continued to hit consumer wallets in April, likely keeping the Federal Reserve on the sidelines until the current wave subsides, fresh pricing data released Thursday showed. The personal…
Fed’s Logan Warns US Oil Production Won’t Fill Global Supply Gap– financialpost.com
News Source EXCERPT: “With supplies highly constrained, if shipping through the strait does not soon return to prewar levels, world oil and natural gas consumption could need to fall more meaningfully than…