by Cheryl Wooden | Nov 13, 2023 | Economy
The resilient American consumer has been the driving force in the ever-shifting landscape of the U.S. economy, keeping the economic engine humming. However, a closer look reveals a concerning trend: a staggering surge in credit card balances, setting a new record and...
by Cheryl Wooden | Oct 26, 2023 | Economy
In the fast-paced world of finance, predictions and forecasts often shape how we make decisions about our investments, savings, and financial futures. However, as JPMorgan Chase CEO Jamie Dimon pointed out during a recent panel discussion at the Future Investment...
by Cheryl Wooden | Oct 5, 2023 | Economy
In a financial milestone sending shockwaves across the nation, the United States has breached the unimaginable $33 trillion mark in national debt. This historic event comes just days before the looming government shutdown threat, raising crucial questions about the...
by Cheryl Wooden | Sep 22, 2023 | Economy
Jamie Dimon, CEO of JPMorgan Chase, delivered a candid warning at the Barclays Global Financial Services Conference on Monday, cautioning that the current “booming environment” in the US economy may not be sustainable in the long run. “We’ve...
by Cheryl Wooden | Sep 19, 2023 | Economy
After a brief pause in their gold-buying spree earlier this year, central banks have resumed accumulating the precious metal. According to data compiled by the World Gold Council, central banks globally reported net purchases of 55 tons in July. During March, April,...
by Cheryl Wooden | Sep 16, 2023 | Economy
The recent Fitch downgrade of U.S. credit has sparked discussions, but there’s more to it than meets the eye. This isn’t the first time the U.S. has faced a credit downgrade due to political dramas or economic troubles. In 2011, the financial world was in...
