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Economy

Fed Chairman Says “Federal Budget is on an Unsustainable Path, with High and Rising Debt”

Federal Reserve Chairman Jerome Powell testified before Congress that “the federal budget is on an unsustainable path, with high and rising debt”. His statement...
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GDP and Personal Salaries Increase in Third Quarter as the Unemployment Rate Remains Near 50-Year Lows

Gross Domestic Product (GDP) increased at a “rate of 1.9 percent” and “salaries increased 0.9 percent” in the third quarter of 2019. The third...
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Solar Power Leading the Way as Renewable Energy Now Constitutes 11% of Total Electric Generation in the U.S.

The solar power industry is leading the way in renewables, as the market has seen a 13.7% increase in year over year power generation....
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Stock Market Falls as Slowing Manufacturing Numbers Cause Recession Fears

The stock market continued its three week dip yesterday as the S&P 500 fell 1.8% following the release of contracting manufacturing numbers. The Institute...
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Federal Reserve Announces Interest Rate Cut Amid Strong Economy, but Trade Uncertainty

Federal Reserve Chairman Jerome Powell announced today that there will be an interest rate cut of a quarter of a percentage to 1-3/4 to...
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United States Sees 3% Year over Year Wage Growth Across the Country; San Francisco Leading the Country with 10% Increase

The United States has recorded a 3% year over year wage growth across the country; San Francisco leading all major counties with a 10%...
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China Announces New Tariffs on $75 Billion of United States’ Goods

Today, the Ministry of Finance of China announced new tariffs on $75 billion of United States’ goods. The tariffs will be implemented “on September...
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