economic indicators – DIGIT INFO

Goldman Sachs Lowers US Recession Risk to 20%

DIGIT — Sun, 18 Aug 2024 22:46:08 +0000

Goldman Sachs economists have lowered the likelihood of a U.S. recession within the next year from 25% to 20%, citing recent data on retail sales and jobless claims. If the upcoming August jobs report, scheduled for release on September 6, shows favorable results, the probability of a recession may be further reduced to 15%, which […]

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Peter Schiff Urges the Fed to Raise Rates and Let Markets Crash

DIGIT — Sat, 17 Aug 2024 22:30:51 +0000

Economist and gold advocate Peter Schiff has recommended that the Federal Reserve raise interest rates instead of cutting them, even if it leads to a market crash. He acknowledged that this approach would likely cause stocks and real estate to crash, result in a hard landing, and trigger a recession, emphasizing the potential severity of […]

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How does the economy work?

DIGIT — Sun, 26 Mar 2023 13:07:00 +0000

The economy is a system of producing and exchanging goods and services in a society.

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Federal Reserve Hikes Rate by 25bps to Keep Inflation at Bay, Aims for 2% Inflation Rate by 2025

DIGIT — Wed, 22 Mar 2023 19:05:17 +0000

Following the fallout over the past two weeks in the U.S. banking industry, the Federal Reserve raised the federal funds rate by 25 basis points (bps) on Wednesday, citing the need for the inflation rate to return to 2% over the long run.
Fed Raises Rate Despite Calamity in the U.S. Banking Sector
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Uncertainty Surrounds Federal Reserve’s Future Plans for Rate Hikes

DIGIT — Mon, 09 Jan 2023 15:00:25 +0000

The U.S. Federal Reserve has raised the benchmark bank rate seven times during the course of 2022, leading many to question when the central bank will cease or change course. The Fed has stated that it aims to bring inflation down to the 2% target, and the increases to the federal funds rate are intended […]

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