* Heatwaves around the world are likely triggered by climate change, study findings
* Decades of rising global debt levels start biting as borrowing costs rise
* US economic boom possible through increased productivity: head of Yardeni Research
* When the decline in personal savings in the United States threaten Expansion?
* Federal Reserve expected to raise interest rates tomorrow (Wednesday, July 26)
* Chicago Fed National Activity Index: US growth holding steady below trend in June
* American economic dynamism slows down in July via data from the PMI survey:
The U.S. consumer remains the critical factor supporting the U.S. economy and keeping recession risk low, said Jon Maier, Chief Investment Officer of Global X. “The consumer is really holding back the economy. So right now we know that the cumulative savings rate is depleting, but it’s still quite high. We actually find that the savings rate is going up a bit because people are worried about running out of savings from the various pandemic relief programs because of the cumulative savings. But the consumer continues to spend.
