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New research finds that Latinas accounted for $1.3 trillion in 2021, thanks largely to the daughters of immigrants.
Second quarter gross domestic product growth was 2.8%. That’s double the GDP growth in the first quarter of the year.
The Federal Reserve will be looking for signs that the economy is slowing in a manageable way so that it can cut interest rates.
Whether it’s new machines for a factory or better software to manage payments, companies spend because they see opportunities.
Growth is being held back by weak domestic demand and a real estate crisis.
Compared to many other countries, the U.S. trade-to-GDP ratio is below the global average. But the explanation is complicated.
Powell is paying close attention to “final sales,” a narrower measure than GDP itself that focuses on private sector demand.
The annual expansion was revised down to 1.3%. That could indicate softening elsewhere, including trade partners like Canada and China.
This marks the end of a six-quarter streak of GDP growth of 2% or more. But the downshift might not be cause for worry just yet.
The U.S. economy has been growing at a steady clip while many others are faltering.