The GDP Data Showed that the US Economy Shrank Once More, Raising Worries of a Recession

The GDP Data Showed that the US Economy Shrank Once More, Raising Worries of a Recession

Bygayanigt93

The Commerce Department said last week that GDP decreased for the second quarter. The drop indicated that the US economy had satisfied one conventional, if not the informal, standard of a recession. The official judgment about whether or not the US economy is in depression is made by the National Bureau of Economic Research. On…

As the Fed Raises Interest Rates, US banks’ Lending Profitability is Expected to Rise

As the Fed Raises Interest Rates, US banks’ Lending Profitability is Expected to Rise

Bygayanigt93

The Federal Reserve aims to keep the economy of the United States humming—not too smooth, not too dull, but just right. When the economy “runs hot,” distortions such as inflation and economic bubbles can become out of control, jeopardizing financial stability. When the Fed intervenes and raises interest rates, it helps to cool the economy…