U.S. Retail sales figures were released this week and revealed yet another sign that consumer sentiment is cooling. While sales did grow, up 0.1% month-over-month in May 2024, it was still below forecasts of 0.2%. Importantly, the figure also follows April’s figures, which showed a decline in sales. Taken together, this would indicate that [...]
The impending release of the latest US employment data, scheduled for this Friday, carries significant weight. According to US News, economists are projecting the addition of 190,000 jobs in May, which would maintain the unemployment rate at 3.9%. Following April’s gain of 175,000 jobs, this anticipated increase in employment signals growth and is technically [...]
Undeniably, geopolitical tensions around the world are increasing - with the current trade war between China and the U.S. being a notable example. For instance, President Biden has recently imposed large tariffs on Chinese imports into America. Conversely, in the last seven months alone, China has sold $74 billion of U.S. Treasuries and agency [...]
