Americans Optimistic About Reducing Debt in 2025
Amid soaring credit card debt surpassing $1 trillion in 2024, many Americans are optimistic about reducing their personal debt in 2025, with new surveys showing debt reduction as a top financial goal.
U.S. Economy
Read More
U.S. Economy in 2024: Robust Growth Amid Elevated Risks
The U.S. economy in 2024 has outperformed expectations with robust growth, but analysts warn that inflation and tariffs could pose significant risks heading into 2025, impacting Asian economies.
Trump Picks Billionaire Scott Bessent as U.S. Treasury Secretary
U.S. President-elect Donald Trump has appointed billionaire Scott Bessent as Treasury Secretary to execute an agenda of tax cuts and tariffs, signaling economic priorities that could impact global markets.
IMF Sounds Alarm on Record Global Debt as U.S. Candidates Pledge Tax Cuts
IMF warns of alarming global debt levels, urging higher taxation. Despite U.S. debt at 124% of GDP, candidates Trump and Harris pledge tax cuts.
The ‘China Shock’ Revisited: A Positive Force in the U.S. Economy
Despite political concerns over the ‘China shock,’ recent analyses reveal that increased imports from the Chinese mainland have positively impacted the U.S. economy, improving living standards.
Fed Slashes Interest Rates by 50 Basis Points for First Time Since 2020
The U.S. Federal Reserve has cut interest rates by 50 basis points for the first time since 2020 amid cooling inflation and concerns over a weakening labor market, signaling the start of an easing cycle.
Reevaluating the U.S. Market Economy: A Shift in Practices?
Recent shifts in U.S. policies raise questions about its standing as a market economy. Explore the evolving dynamics and what they mean for global markets.
Global Stocks Plunge Amid Rising U.S. Recession Fears
Global stocks tumbled on Monday amid rising U.S. recession fears, with major indices experiencing significant declines. Asia-Pacific markets also faced sharp losses but rebounded on Tuesday.
U.S. Unemployment Rate Rises, Strengthening Case for Fed Rate Cut
An uptick in the U.S. unemployment rate in July strengthens the case for an interest rate cut by the Federal Reserve, as job growth slows and economists express concerns over a potential economic slowdown.
Wall Street vs. Main Street: Unveiling Imbalances in America’s Political Economy
America’s federal debt surpasses $35 trillion, highlighting deep imbalances in the political economy. Explore the implications for the U.S. and Asia.
Will the Next U.S. President Improve Life for Ordinary Americans?
Ahead of the U.S. presidential election, ordinary Americans continue to grapple with economic hardships, despite political promises of recovery.
Fed’s Decision to Maintain High Rates Raises Recession Fears
The U.S. Federal Reserve’s decision to keep interest rates high has sparked recession concerns. Experts warn that sustained high rates could pose significant risks to the U.S. and global economies.
Americans Express Growing Discontent Despite Economic Gains in 2023
Despite President Biden’s declaration of a ‘great year’ with 2.7 million jobs created in 2023, polls show Americans remain discontent with the economy, highlighting a disconnect between economic figures and public sentiment.
U.S. Median Household Income Drops as Poverty Rate Rises in 2022
The U.S. Census Bureau reports a decline in median household income for 2022, leading to a rise in the national poverty rate and signaling economic challenges ahead.
The Hidden Economy: Who Is ‘Donating’ Plasma in the U.S.?
Exploring the booming business of paid plasma donations in the U.S. and the low-income individuals who depend on it.