Even though President Joe Biden’s student loan forgiveness program was blocked by the Supreme Court earlier this year, his administration is moving forward with more targeted student debt cancellations allowed under existing programs.
With Nvidia earnings out of the way, the next test for US markets is Federal Reserve Chair Jerome Powell’s annual speech at the Jackson Hole economic summit on Friday.
To hear executives at some of America’s biggest retailers tell it, consumers are strained for cash and buying less stuff, in a troubling sign of a slowing economy. That’s only half true. The consumer appetite that kept the US economy afloat through the worst of the pandemic and beyond remains hearty it’s just craving something new.
To hear executives at some of America’s biggest retailers tell it, consumers are strained for cash and buying less stuff, in a troubling sign of a slowing economy. That’s only half true. The consumer appetite that kept the US economy afloat through the worst of the pandemic and beyond remains hearty it’s just craving something new.