United States
Capital Washington, D.C. · Currency US Dollar (USD) · Population 335.0M
The United States combines the world's largest economy with deep capital markets and a globally dominant currency. Growth remains resilient on consumer spending and tech investment, while the Federal Reserve balances disinflation with a still-tight labor market.
Economic momentum
Consumer spending and AI capex offset weaker housing.
Market sentiment
Equity breadth improving; credit spreads contained.
Country risk
Key macroeconomic indicators
GDP, USD trillions
AnnualCPI YoY, %
Last 6 monthsCurrency & central bank
- CurrencyUS Dollar (USD)
- DXY104.8 +1.2%
- Central bankFederal Reserve
- GovernorJerome Powell
- Policy stanceNeutral
- Next meetingJul 30, 2026
- Policy rate5.25–5.50%
Sovereign ratings
- S&PAA+
- Moody'sAaa
- FitchAA+
- Debt / GDP122%
- 10Y yield4.32%
Local stock market
| Index | Level | YTD |
|---|---|---|
| S&P 500 | 5,612 | +12.4% |
| Nasdaq 100 | 19,840 | +15.1% |
| Dow Jones | 41,210 | +6.8% |
Equities at cycle highs after benign CPI; 2Y yields little changed; USD firm on rate-differential support.
Key economic sectors
| Sector | Share of GDP | Trend |
|---|---|---|
| Technology | 28% | Expanding |
| Healthcare | 14% | Expanding |
| Financials | 13% | Stable |
| Energy | 8% | Contracting |
| Consumer | 11% | Expanding |
Leading companies
| Company | Sector | Market cap |
|---|---|---|
| Apple | Technology | $3.4T |
| Microsoft | Technology | $3.2T |
| NVIDIA | Semiconductors | $3.0T |
| JPMorgan Chase | Banking | $610B |
| ExxonMobil | Energy | $480B |
International trade profile
Latest economic news
- 1 hr agoReutersMonetary PolicyPowell: policy remains restrictive enough
- 3 hr agoBloombergMarketsTech earnings extend index gains
- 6 hr agoWSJRatesTreasury auction sees solid demand
Structured economic intelligence
AI-assisted events with explicit confidence. Not investment advice.
Federal Reserve holds rates, signals data-dependent pause
FOMC kept the target range at 5.25–5.50% and emphasized patience as services inflation cools more slowly than goods.
US payrolls beat at +272K; unemployment ticks up to 4.1%
Headline jobs strong but household survey shows softening; wage growth moderates to 4.0% YoY.
US CPI eases to 3.1% YoY; core services still elevated
Headline inflation dipped on energy; core remained sticky at 3.4% YoY driven by shelter and insurance.
Upcoming economic calendar
| Date | Time | Event | Forecast | Previous | Imp. |
|---|---|---|---|---|---|
| Jun 30 | 12:30 UTC | Core PCE (MoM) | 0.2% | 0.3% | ●●● |
| Jul 03 | 12:30 UTC | Nonfarm Payrolls | 188K | 272K | ●●● |
| Jul 10 | 12:30 UTC | CPI (YoY) | 3.1% | 3.1% | ●●● |
Key risks
AI-Assisted Assessment- Sticky services inflationMedium
Shelter and core services slow the disinflation glide path.
- Fiscal trajectoryMedium
Rising interest expense pressures the long end of the curve.
- Election-year policy uncertaintyLow
Tariff and tax policy unclear into Q4.
Key opportunities
AI-Assisted Assessment- AI infrastructure cycle12–24 months
Semis, power and data-center supply chains extend capex.
- Onshoring incentives24–36 months
Industrial policy supports advanced manufacturing investment.
Twelve-month economic trend
- Jul 25Monetary
Fed pauses after July hike
- Sep 25Markets
Soft-landing narrative consolidates
- Nov 25Politics
Election uncertainty peaks
- Jan 26Markets
AI capex revisions higher
- Mar 26Inflation
CPI prints back into 3s
- Jun 26Monetary
Fed signals data-dependent pause