ABBO News offers comprehensive coverage of the US economy: stay updated with the latest economic trends, policy changes, and market movements. Get expert insights to navigate the complexities of the American economic landscape and make informed decisions.
The Federal Reserve is nearly as likely to deliver an outsized interest-rate cut next week as a more-usual-sized reduction, trading […]
Fed Rate Decision in Focus: 50 Bps Cut as Likely as 25 Bps Read More »
On Friday, Goldman Sachs said it continues to call for a quarter percentage point easing at next week’s Federal Open
Goldman Sachs Maintains Forecast for 25 Basis Point Fed Cut Next Week Read More »
NEW YORK – The Federal Reserve is in focus next week, as uncertainty surrounds how much the U.S. central bank
Fed Prepares for Rate Cuts: How Much and How Fast? Read More »
WASHINGTON – U.S. consumer sentiment rose to a four-month high in September amid expectations that inflation will continue moderating over
US Consumer Sentiment Rises to Four-Month High as Import Prices Fall Read More »
NEW YORK – U.S. consumers’ late payments on credit cards and other loans are starting to level off in recent
US Consumer Loan Delinquencies Showing Signs of Stabilization: Report Read More »
SINGAPORE – Bill Dudley, the former New York Federal Reserve President, said there was a strong case for a 50
Strong Case for 50 Basis Point Fed Rate Cut, Says Ex-NY Fed Chief Dudley Read More »
WASHINGTON – U.S. mortgage rates dropped this week on expectations that the Federal Reserve would start cutting interest rates next
US 30-Year Fixed-Rate Mortgage Falls to 6.20%, Lowest Since February 2023: Report Read More »
U.S. household wealth rose last quarter to $163.8 trillion, a fresh record, driven by gains in real estate values and
US Household Wealth Reaches Record High Due to Market and Real Estate Gains: Report Read More »
WASHINGTON – On Thursday, the International Monetary Fund said it was appropriate for the U.S. Federal Reserve to begin a
