Americans Lose Confidence in Biden, Powell, and Yellen’s Economic Policies
The Gallup poll shows that Americans lack confidence in Biden, Powell, and Yellen’s economic policies. With the threat of a recession looming and chronic inflation, the leaders’ approval ratings have taken a hit. While the April jobs report indicates that the economy is nowhere near a recession, the report could impact the Fed’s inflation strategy. As the nation approaches a potential default on the federal debt, Americans’ confidence in the government’s ability to manage the economy has further decreased.
U.S. Equity Markets Pause as Inflation Reading Looms
Monday’s market update reflects a pause in U.S. equity markets after a strong rally last Friday. All eyes are now on the inflation reading on Wednesday, which is expected to show that the consumer price index (CPI) likely climbed 0.4% in April after gaining 0.1% in March. Other economic indicators to watch for this week include producer prices, weekly jobless claims, and consumer sentiment data. While crude oil prices have seen a recent spike amid supply concerns and easing recession fears, gold prices have remained steady amid economic uncertainty. Meanwhile, the cryptocurrency market saw a significant slump on Monday, largely due to increased regulatory scrutiny
Understanding the Alarming Surge in Mass Shootings: Causes and Solutions
Mass shootings have become a distressing and frequent occurrence in the United States. With the Gun Violence Archive counting a staggering 199 mass shootings so far this year, it’s time to take a closer look at this grim trend. In this blog post, we’ll delve into the transcript of a recent YouTube video to understand […]