Consumer spending is the backbone of the U.S. economy, and the fact that Americans kept their wallets handy throughout the steep inflation of the past years helped the economy stay resilient. But a closer look reveals that it’s not quite so simple. While high-income earnings are behaving one way, lower and middle-income households are spending…Read more
SoFi Hong Kong Blog
Manufacturing Activity on the Rise The U.S. manufacturing sector finally showed signs of life in March, after contracting for nearly a year and a half. Production increased and new order tallies rose, but why now? It’s all about demand. Growing demand is boosting output, and in turn spurs optimism that the future of manufacturing will…Read more
Current Currency Conundrum The first column I wrote about currencies was in October 2022 after the U.S. dollar had a mighty surge of strength and hit a recent peak. It was also shortly after some major volatility in the British pound that brought currencies to the forefront of financial media and investor conversations. The currency…Read more