Subscribe to our newsletter to get our newest articles instantly!
In a recent announcement, Goldman Sachs has adjusted its outlook on the likelihood of a U.S. recession over the next twelve months, lowering the probability from 25% to 20%. This revision comes after a close examination of the latest economic data, including jobless claims and retail sales, which have shown positive trends. The reduction in […]
In July 2024, consumer spending showed surprising strength as U.S. retail sales rose by 1%, exceeding forecasts. This unexpected surge highlights the resilience of the American consumer, even amidst economic uncertainties. Analysts had anticipated a modest increase, but the actual numbers outperformed expectations, signaling strong consumer confidence. This growth was seen across various sectors, with […]
