ECONOMY – Page 25 – One America News Network

A person pushes a shopping cart in a supermarket in Manhattan, New York City, U.S., March 28, 2022. REUTERS/Andrew Kelly

US consumers could become discouraged without rate cuts, Bank of America CEO says

If the U.S. Federal Reserve does not start cutting interest rates relatively soon, U.S. consumers could become dispirited.

Video still from Real America on One America News Network showing a split screen of the host on the left side, and on the right side is the guest, Peter Schiff.

Economy In Trouble As Recession Looms

with Peter Schiff

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., August 8, 2024. REUTERS/Brendan McDermid/File Photo

Wall St edges lower as volatile week draws to a close

Wall Street’s main indexes capped off a tumultuous week where global markets were rattled and fears of a recession in the world’s biggest economy.

An eagle tops the U.S. Federal Reserve building's facade in Washington, July 31, 2013. REUTERS/Jonathan Ernst/File Photo

The Fed has cut rates amid stock swoons before. Not this time

A sharp slowdown in the U.S. job market that touched off days of global stock-market turmoil also fueled speculation the Federal Reserve may not wait until its next scheduled meeting.

NEW YORK - AUGUST 14: People shop at a Fairway grocery store August 14, 2008 in the Brooklyn borough of New York City. A new government report has shown that U.S. inflation has risen to a 17-year-high annual rate in July, led by gains in energy, food, airline fares and apparel. Consumer prices rose by 0.8 per cent in July, which means that the cost of living in America is rising at a rate of 5.6 per cent over the year as a whole. (Photo by Spencer Platt/Getty Images)

CPI: Food Prices To Continue Increasing Into 2025

Food prices continue to spiral out of control, while the Biden White House claims their economy is helping everyday Americans

A man walks past a "now hiring" sign posted outside of a restaurant in Arlington, Virginia on June 3, 2022. US employers added 390,000 jobs last month, the government reported on June 3, 2022, a sign of a slowdown in hiring but still a better-than-expected result. The jobless rate held steady at 3.6 percent for the third consecutive month, just a tenth of a point above the pre-pandemic level of February 2020, the Labor Department said. (Photo by OLIVIER DOULIERY / AFP) (Photo by OLIVIER DOULIERY/AFP via Getty Images)

Report: U.S. Economy Added 114K Jobs In July, Unemployment Increases To 4.3%

U.S. job growth slowed more than expected in July, with the unemployment rate increasing 4.3%, leading to fears that the labor market is faltering and the economy is heading for a possible recession.