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Economy

Economy

Get the latest news on the US economy and find out how it impacts your personal finance and business objectives.


Economy

Get the latest news on the US economy and find out how it impacts your personal finance and business objectives.


Where Are We Headed? Economists Take Their Best Guesses

While our economy will continue to expand for next two to three years, the level of growth will still fall below previously set targets. As a result what has already been a lengthy recovery period is poised to last even longer.

Conflicting Studies Reignite Minimum Wage Debate

While many presumed Seattle would serve as a test case for other cities looking to significantly increase their minimum wages (some of which have already passed similar laws), it's now clear that the data coming out of that experiment can't even be agreed upon. Because of this it will be a while before we truly have a clear picture of how living wage initiatives are affecting workers, small business, and consumers at large.

Fed Hikes Rates While Inflation Stays Below Target

Just as our political times are proving to be quite interesting, our economic times are following suit with their unpredictability. While the Fed is clearly ready to declare the Great Recession dead and buried, the past still seems to be haunting them and playing a few tricks on their inflation goals. But until fortunes change in the Executive Branch and beget legislative developments, it seems likely that the Fed will have to continue navigating through uncertain waters on what was supposed to be a straight course.

Top 5 Financial Worries Americans Have in 2017

A new survey reveals the top five finance-related concerns average Americans have, ranging from major medical bills to regular monthly expenses. But is there reason to be hopeful?

Markets May Not Know How to Handle Trump Scandals but Bitcoin Booms

In these uncertain times many are taking an interest in alternative forms of currency. This is especially true with so-called cryptocurrencies that aren't tied to any government the way traditional currencies are but also rings true for more proven commodities like gold. Once again, in these interesting times, it seems many are looking for something they feel they can rely on to be at least a little bit more predictable.

Trump's First 100 Days: Wins, Losses, and What Could Be Next

In his first 100 days, President Donald Trump has certainly had a tenure unlike any other in recent memory. With previous pledges falling by the wayside and new causes (like Canada) cropping up in the President's plans, it's been as difficult as ever to predict what might happen next. As the President even admitted, the job is not quite what he expected, leaving the rest of us to only wonder what we can expect over the next 1,361 days.

Debate Over Trump's Economic Policies Grows

As new data released shows the U.S. economy growing, President Trump's policies have caused controversy. Most recently his order to roll back environmental protects has some wondering if the President's plan could have an adverse effect on the economy.

Tourism Industry Braces for "Trump Slump"

At this point any potential impact that President Trump's policies could have on the tourism industry over the next four years (or more) is pure speculation based on very recent and mostly reactionary data. That said, with foreign travel to the United States making up such a massive market — a report from last April found that international visitors to the U.S. spent $700 million a day during that month — any decline could easily lead to billions in lost revenue. Just as other Trump administration policies such as the threat of tariffs have perked up the ears of economists, the "Trump Slump" is something that businesses in the travel sector would be wise to keep a watchful eye on in the coming months.