U.S. Economy Slowdown: Growth, Inflation & Future Outlook

The U.S. economy experienced a significant slowdown in Q2, with GDP growth falling to 1.5% and June core inflation standing at 3.3%, indicating persistent pric…

Lehman Brothers Collapse Triggers Major Economic Downturn

The collapse of investment bank Lehman Brothers marked a pivotal moment in the 2008 global financial crisis, stemming from subprime mortgage defaults and lax financial r…

U.S. Enacts Sweeping Financial Regulatory Reform

Following the 2008 financial crisis, the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law, aiming to prevent a recurrence of such a meltdown…

Federal Reserve Initiates First Interest Rate Hike Since 2006

After nearly a decade of near-zero interest rates to stimulate recovery post-2008, the Federal Reserve began normalising monetary policy by raising the federal funds rat…

Major Tax Reform Enacted Under Trump Administration

The Tax Cuts and Jobs Act significantly lowered corporate and individual income tax rates, aiming to stimulate economic growth and boost investment. This legislation, a…

U.S. Responds to COVID-19 Pandemic with Massive Stimulus

In response to the unprecedented economic shutdown caused by the COVID-19 pandemic, the U.S. government passed the CARES Act, a massive fiscal stimulus package. This leg…

Biden Administration Passes Additional COVID-19 Relief Package

The American Rescue Plan, a $1.9 trillion stimulus package, was enacted by the Biden administration to continue combating the economic effects of the COVID-19 pandemic.…

Federal Reserve Begins Aggressive Rate Hike Cycle to Combat Inflation

Facing rapidly rising inflation, the Federal Reserve initiated its first interest rate hike since 2018, marking the beginning of an aggressive tightening cycle. This dec…

Federal Reserve Pauses Rate Hikes Amidst Economic Uncertainty

After ten consecutive rate increases, the Federal Reserve opted to pause its tightening cycle in June 2023, holding the federal funds rate steady. This decision aimed to…

U.S. Economy Slows to 1.5% Growth; Core Inflation at 3.3%

Recent data revealed that the U.S. economy slowed significantly in Q2, with GDP growth at an annualised rate of 1.5%, down from previous quarters. Concurrently, June's c…