Two very different pictures are painted in a side-by-side comparison of economic growth in the United States and Canada when it comes to household debt as a ratio to disposable income.
Tag Archives U.S. economy
Analyst highlights U.S. economy’s fragile side
Country’s booming economy is driven by consumer spending, but that has been propped up by the top 20 per cent most wealthy
Fed leaves consumers guessing
Anybody thinking about borrowing money or dealing with debt payments didn’t get any clarity on interest rates from the head of the U.S. Federal Reserve Bank at its annual Jackson Hole conference. “As is often the case, we are navigating by the stars under cloudy skies,” said Fed chair Jerome Powell Aug. 25. “In such […] Read more
