#us-economy

#us-economy

Consumers are singing the blues. They aren't happy with high prices for gas, housing, electricity and many other items. It's clear consumers aren't going to feel much better until there's an end to the Middle East conflict.

The United States is investing billions of dollars to bring the most advanced semiconductor manufacturing onshore, with new factories rising across the country.

Public debt stands at more than $39 trillion, with the interest expense on that borrowing now exceeding $1 trillion a year, highlighting the urgent need for a sustainable fiscal path.

Williams Companies will break ground on the Northeast Supply Enhancement pipeline, the first new pipeline in New York in over a decade, expanding its Transco natural gas network.

Together, the multicultural segment totaled 46 million households in 2024, representing just over 33% of all households in the country—a 12% increase compared to 2017.

One way is to increase income taxes. There's also the option for an annual or one-off wealth tax on everything someone has above a certain mark. A few governments want to tax extreme wealth to lower taxes on a stagnating middle class or to make up for social inequality.

Escalating geopolitical risk continued to dominate global markets' concerns, with safe-haven demand keeping the dollar index anchored near a multi-week high.

The share of U.S. economic activity has increased in service industries that demand less energy, while sectors requiring large-scale energy resources have become more efficient.

The national average for a gallon of gasoline is poised to surpass $4, up from about $3 a month ago - and is set to rise further the longer the Strait of Hormuz remains blocked.

Goldman Sachs now expects Brent crude to average $105 per barrel in March and $115 in April before retreating to $80 by year-end, assuming roughly six weeks of Hormuz supply disruptions.

After a tumultuous year marked by President Donald Trump's return to the White House and his swing towards tariffs and protectionism, recent growth has outpaced the expectations of most analysts. In a speech this month, Trump hailed his economic record, insisting that the US was on the cusp of an economic boom the likes of which the world has never seen.

He vowed to bring down the cost of groceries (an "old-fashioned" word with which he was obsessed), revive manufacturing, slash federal spending and inefficiency and distribute the savings to the citizenry, all while achieving energy dominance and the high-paying jobs that come with it. By early summer, however, it was becoming clear that Trump's economic policies were not having the promised effect.

The U.S. economy seems immune to the turbulence created by Donald Trump. The first year of his second term in the White House has been fraught with upheaval due to his eagerness to impose a headlong agenda with a marked protectionist approach. Businesses are now inoculated against the vertigo and the uncertainty surrounding the Republican president. Since winning the election against Democrat Kamala Harris exactly one year ago, he has changed the world trade order in one fell swoop;