Trump’s second presidency has come with a series of executive actions—most with the focus to make the country more self-reliant, reducing dependence on foreign economies. I delve into the data to uncover how these tariffs might impact the U.S.
All posts tagged US economy
U.K. has the highest inflation rate across G-7 Countries
Inflation is a key economic indicator that impacts consumers, businesses, and policymakers. Understanding inflation trends in G-7 countries provides a snapshot of the complex and interconnected global economic landscape. The G-7 consists of some of the world’s most advanced economies, including the U.S., Canada, Japan, Germany, France, the U.K. and Italy. Let’s delve into the…
Mortgage refinancing jumps to the highest level since March 2020
Even though the U.S. economy remains burdened by the pandemic, prospective homebuyers and those seeking to refinance their existing mortgages are in for some good news. Following a two-week dip, mortgage applications saw a surge of 8.2%, according to the recent report by the Mortgage Bankers Association (MBA) for the week ending Jan. 29, 2021. Mortgage refinancing jumps to…
Lessons from the 1918 Spanish Flu
Covid-19 has many unknown factors which, like most pandemics, can impact the willingness to spend, invest and take risks. Uncertainties usually bring economy to a halt due to complete shutdowns of small businesses, production losses and increased unemployment.