Discover how economists’ revised forecasts for U.S. GDP and expectations of prolonged higher Fed rates reflect optimism, with reduced recession odds to 30% due to a strong labor market boosting consumer spending. Read more.
Economists have revised their forecasts for U.S. GDP upward and anticipate a prolonged period of higher Fed rates. The latest monthly survey indicates a reduced recession likelihood of 30%, driven by a robust labor market expected to bolster consumer spending. Explore further insights

https://www.bloomberg.com/news/articles/2024-04-19/economists-dial-up-us-gdp-forecasts-temper-fed-rate-outlook?srnd=economics-v2

Learn about the International Monetary Fund’s urgent call for the U.S. and China to curb future borrowing, citing heightened debt levels that pose significant risks to the global economy and could affect interest rates worldwide. Get insights here.
The International Monetary Fund (IMF) has issued a stark warning, urging the U.S. and China to rein in future borrowing due to escalating debt levels that present substantial risks to the global economy. Discover how this surge in debt could impact interest rates globally. For further details, visit:

https://www.wsj.com/economy/global/imf-warns-surge-in-u-s-china-debt-could-have-profound-impact-on-global-economy-c3758d81?mod=economy_lead_pos4

Discover the impact of mortgage rates exceeding 7% on the housing market, with March witnessing the sharpest monthly decline in home sales in over a year. Learn more about the challenges facing the real estate industry. Read more.
The U.S. housing market is experiencing a downturn as mortgage interest rates climb above 7%. March recorded the sharpest monthly decline in home sales in over a year, intensifying pressure on the industry amidst ongoing uncertainty surrounding real estate commissions. For detailed insights, visit:

WSJ – Home Sales, Mortgage Rates March Report

Learn about the updated policy guidance from USCIS, incorporating the U.S. Department of Labor (DOL) definition of ‘science or art’ for Schedule A, Group II cases. Get more details here.
The U.S. Citizenship and Immigration Services (USCIS) has incorporated the U.S. Department of Labor (DOL) definition of “science or art” into its policy guidance in the USCIS Policy Manual, particularly for cases under Schedule A, Group II. For further information, visit:

https://www.uscis.gov/newsroom/alerts/uscis-adopts-department-of-labor-definition-of-science-or-art

Learn about the application process outlined by USCIS for Palestinians under Deferred Enforced Departure (DED) to obtain Employment Authorization Documents (EADs) until August 13, 2025.
The U.S. Citizenship and Immigration Services (USCIS) has published a Federal Register notice detailing the application procedures for Palestinians covered by Deferred Enforced Departure (DED) to obtain Employment Authorization Documents (EADs) valid until August 13, 2025. For further details, visit:

https://www.uscis.gov/newsroom/news-releases/uscis-announces-employment-authorization-procedures-for-palestinians-covered-by-deferred-enforced

The U.S. Citizenship and Immigration Services (USCIS) has reached the cap for the additional 19,000 H-2B visas provided for returning workers in the second half of fiscal year 2024, with start dates from April 1 to May 14, 2024, under the FY 2024 TFR. For more information, visit the USCIS newsroom:

https://www.uscis.gov/newsroom/alerts/cap-reached-for-additional-returning-worker-h-2b-visas-for-the-early-second-half-of-fy-2024

Two of the fixed-income securities that best signal economic distress are rising as the economy picks up. This trend may continue as recession fears recede. For more information

https://www.bloomberg.com/news/articles/2024-03-29/spreads-for-us-junk-financial-bonds-portend-improved-outlook?srnd=economics-v2

Consumer spending surpassed all estimates due to strong wages, with the Core PCE price index increasing by 0.3% following a robust January reading. For more information:

https://www.bloomberg.com/news/articles/2024-03-29/fed-s-core-inflation-gauge-posts-biggest-sequential-gain-in-year?srnd=economics-v2

FY 2025 H-1B cap registration closed on March 25, 2024. USCIS will soon select beneficiaries and notify selected petitioners to file H-1B cap-subject petitions. For more information:

https://www.uscis.gov/newsroom/alerts/h-1b-form-i-129-filing-location-change-and-fy-2025-h-1b-cap-season-updates-and-reminders

The U.S. Citizenship and Immigration Services has revealed that as of April 1, individuals submitting Form N-400, which pertains to Application for Naturalization, will now be able to opt for either acquiring a new or replacing an existing Social Security number (SSN) or card, and can also revise their immigration status with the Social Security Administration (SSA) without the necessity of a physical visit to an SSA facility. For more information:

https://www.uscis.gov/newsroom/alerts/new-citizens-will-be-able-to-seamlessly-request-social-security-updates