The U.S. economy showed some resilience in 2024, with notable improvements in several key areas. Gross Domestic Product (GDP) increased at an annual rate of 3.1 percent in the third quarter of 2024, according to the “third” estimate. The total federal spending in 2024...
Blockchain technology has captured the world’s attention primarily for its association with cryptocurrency. However, as businesses increasingly recognize its potential, blockchain has started to transcend its origins in digital currencies to become a powerful tool for transparency, security, and efficiency in supply chain management....
The Federal Reserve—colloquially known as the Fed—holds a pivotal role in steering the U.S. economy. When inflation surges, as it has in recent years, the Fed often resorts to a time-tested tool: hiking interest rates. While the primary aim is to cool inflation, these...
In today’s interconnected world, trade is the backbone of economic growth, fostering cooperation and competition between nations. However, when trade relationships sour, the ripple effects can be felt across the global economy. Trade wars, characterized by escalating tariffs and retaliatory measures, have become a...
The US government plays a vital role in the economy by regulating businesses, managing fiscal and monetary policies, providing public goods, and maintaining financial stability. The following article explores what role the US government play in the economy through these interventions and how they...
Looking to understand the core of economics? Our article on ‘4 economics’ breaks down the four fundamental principles: scarcity, supply and demand, costs and benefits, and incentives. These are the building blocks of economic theory and will help you understand market behaviors and decision-making...