The United States economy began the second quarter on shakier ground than previously thought. Read more about the July FX Consensus Forecast here.

To help you fully understand the changing landscape of foreign exchange transactions, we contrasted the top popular assumptions about foreign exchange with facts you need to know.

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A resilient consumer and a healthy labor market aided growth in the final two quarters, providing hope for 2023.

The United States economy grew much faster than previously estimated in the third quarter, indicating that the Federal Reserve's campaign to tame the economy to combat inflation is having only a limited impact.

The United States Gross Domestic Product (GDP) has fallen for the last two quarters, leading many to believe that the world's biggest economy is in recession.

The U.S. economy began the second half of 2022 on a more solid basis than anticipated. The second-quarter economic output decline was less severe than expected, owing to higher consumer spending, private investment, and a tight labor market.