All articles tagged with #us economy
Gold prices fell after the latest U.S. employment data showed a modest downward revision to March 2026 nonfarm payrolls (−79,000) and private payrolls (−178,000). Spot gold briefly hit $4,543.80/oz and was near $4,564.05/oz, down about 0.8% for the session, with the moves coinciding with Fed Chair Warsh’s Jackson Hole speech. The final benchmark revision will be incorporated into the February 2027 Employment Situation release.
Rising long‑term Treasury yields reflect upgraded expectations for long‑run growth and a stable inflation outlook, not fears about Fed credibility or debt sustainability; inflation expectations stay anchored near the 2% target, the real yield term premium remains roughly stable, and faster growth from AI, deregulation and tax policy could improve the fiscal path as tariff revenue rebounds. With growth and disinflation ahead, deficits should shrink, and prudent policy—more liquidity at the long end and shorter‑term issuance—helps avoid unnecessary volatility.
An FT opinion argues that the rise in long-dated US Treasuries does not indicate worries about debt sustainability or Fed credibility. Inflation expectations remain anchored near the 2% target, while the real rate and term premium stay largely stable; higher yields mainly reflect higher expected long-run overnight rates. Investors are pricing in faster potential growth from AI, deregulation and tax policy, which could improve the fiscal path as revenues grow faster than outlays. Tariff revenue has been volatile, but as refunds fade and growth accelerates, deficits should decline, with easing energy shocks helping to bring inflation and rates down. The piece supports liquidity provision and regular, shorter-term debt issuance to maintain market stability while deficits shrink.
US inflation held at 3.7% in July, above the Fed's 2% target, with the monthly PCE up 0.2% and core PCE at 3.3%, boosting expectations for a possible rate hike at the September meeting as energy prices stay elevated amid ongoing geopolitical tensions.
Market strategist Marko Papic warns that a sustained Iran-strait crisis could trigger a surge in capital spending that overbuilds capacity, potentially leading to disinflation or deflation by the 2030s as governments expand energy, AI-related infrastructure, and resilient supply chains faster than demand.
New Fed chair Kevin Warsh faces early pressure as bond-market jitters about inflation rise ahead of the Jackson Hole meeting, with his remarks signaling a focus on bigger questions rather than clear rate hints; the briefing also touches on immigration detention, Trump-era election-integrity rhetoric, ICE glove plans, a Reno wildfire, and other brief U.S. news items.
US Federal Reserve Chair Kevin Warsh aims to reassure markets amid signs of economic strain—record debt, higher long-dated yields, and tariff tensions—while preparing for a Jackson Hole speech that will outline his pared-back, less-guidance approach; economists warn this could erode Fed credibility and delay the inflation fight, especially as polls show many believe the Fed will take longer to reach its 2% target.
The United States has reached a $40 trillion gross national debt for the first time, propelled by persistent deficits and rising interest costs, with most debt held domestically but a growing share owned by foreign investors. Analysts warn higher borrowing costs could fuel inflation and squeeze other priorities, while IMF and CBO projections indicate the debt burden will continue to rise in the coming years.
The U.S. national debt has topped $40 trillion, up from about $5.8 trillion in 2000, equating to roughly $116,800 per American. The article uses four charts to illustrate overall growth, how debt has risen under different presidents, the history of deficits vs. surpluses (the last surplus was in 2001), and a visualization comparing $1 trillion to median household income to convey scale. It notes pandemic-related spending as a major driver, with the largest dollar increase occurring during Biden’s term, while the debt’s path reflects years of spending and revenue gaps across recent administrations.
The U.S. national debt has surpassed $40 trillion, up from about $5.8 trillion in 2000, equating to roughly $116,800 per person. Debt growth has accelerated across presidential terms, with the largest dollar increase under Biden; deficits rose notably during the pandemic era as spending expanded. The article uses four charts to contextualize the rising debt and the disappearance of federal surpluses since 2001.
US debt has topped $40 trillion, up from about $5.8 trillion in 2000 (roughly $116,800 per American) and has grown nearly 600% since 2000; four charts show the rise, how deficits and spending evolved under Obama, Trump and Biden (Trump up 39.1% in his term, Biden up 30.5%), and the largest dollar increase of $8.45 trillion during Biden’s presidency, with the last federal surplus in 2001 and a graphic comparing $1 trillion to median household income.
The U.S. national debt has topped $40 trillion, about $116,800 per American, with debt nearly sixfold higher since 2000. Four charts provide context on debt growth by presidency, the ongoing spending-revenue gap, and a visualization linking $1 trillion to median income; the biggest dollar increase occurred under Biden (~$8.45T), and the last federal surplus was in 2001, with COVID-19-era spending driving deficits.
Scott Bessent seeks to calm a sell‑off in long‑term Treasuries by boosting buybacks from $2bn to at least $4bn and signaling the possibility of more tools; while the move may ease liquidity pinch points, it isn’t a substitute for policy on debt, and yields could remain pressured by deficits, global demand for capital, and geopolitical risk.
President Trump pressed the Fed to cut rates, arguing they’re artificially high, while the central bank reiterates its independence amid inflation concerns; markets expect no move in September, but July minutes show inflation could stay elevated and some policymakers hint at higher rates if it doesn’t cool, as the debt nears $40 trillion and inflation runs around 3.4% year over year with a cooling labor market.
Diesel prices climb to about $5.47 a gallon with crack spreads at a record high, lifting costs for trucks and farmers and reigniting inflation worries ahead of the midterm elections; global supply constraints from Middle East tensions and Russia, alongside strong U.S. refining activity, constrain availability and fuel policy discussions about exports and strategic reserves.