Tag #Us Economy

Showing 1,441 to 1,452 of 1,930 results

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US Inflation Surges to 3% in January 2024 on Broad Price Increases

The January 2024 Consumer Price Index (CPI) unexpectedly rose 0.5% from December, reaching a 3% annual inflation rate, driven by broad price increases, particularly a 15.2% jump in egg prices; this increase caused US stocks to drop and the 10-year Treasury yield to surge to 4.6%.

Progress

44% Bias Score

No Poverty
cnbc.com
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Trump Tariffs Could Hike Average New Car Price by $5,790

President Trump's proposed 25% tariffs on vehicles and parts from Mexico and Canada could increase the average new car price by $5,790 to over $54,500, impacting American consumers significantly, based on an analysis showing over 22% of U.S. auto sales and 40% of parts originate from these countries...

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44% Bias Score

Reduced Inequality
cnn.com
🌐 75% Global Worthiness
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McKinley's Tariffs: Revenue Impact and Economic Debate

In 1890, William McKinley's legislation increased tariffs on imported goods to around 50%, resulting in tariffs providing more than half of U.S. government revenue. However, modern economic analysis disputes the notion that these tariffs alone created significant wealth.

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48% Bias Score

Reduced Inequality
abcnews.go.com
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Fed Cuts Interest Rate Projections Amidst Strong Job Growth

The Federal Reserve's projected interest rate cuts for 2024 have been reduced due to decreased unemployment (4%) and uncertainty surrounding new White House economic policies; economists now predict only one cut in 2025, impacting borrowing costs.

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40% Bias Score

Decent Work and Economic Growth
elmundo.es
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S&P 500's 23.3% Surge Driven by Tech, But Risks Emerge

The S&P 500 experienced a 23.3% growth in 2024, primarily due to the exceptional performance of seven leading tech companies, but concerns arise from the emergence of competitive Chinese AI and uneven tech giant results.

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52% Bias Score

Decent Work and Economic Growth
cnn.com
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Trump's Reciprocal Tariffs: A Steep Price for American Consumers

President Trump plans to implement reciprocal tariffs on goods from nearly every country, potentially raising the US weighted average tariff rate to almost 5% from 1.5%, increasing prices for American consumers due to limited domestic alternatives for many imported goods.

Progress

48% Bias Score

Reduced Inequality
cnn.com
🌐 85% Global Worthiness
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US Inflation Surges to 3% in January, Exceeding Expectations

US inflation rose 0.5% in January 2024 to 3%, exceeding expectations and driven by broad price increases, especially a 15.2% surge in egg prices due to avian flu, posing challenges for the Federal Reserve's inflation control efforts and President Trump's economic policies.

Progress

40% Bias Score

No Poverty
cnbc.com
🌐 85% Global Worthiness
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Surprise Inflation Surge Dashes Rate Cut Hopes

The January 2025 CPI report revealed unexpectedly high inflation, with headline CPI at 3% and core CPI at 3.3%, causing bond yields to spike and stocks to fall, impacting predictions for Federal Reserve rate cuts and contradicting Goldman Sachs' forecast. Housing and medical costs were particularly ...

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64% Bias Score

Reduced Inequality
cnbc.com
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Bird Flu Outbreak Drives Record-High Egg Prices

Wholesale egg prices hit a record high of \$8 per dozen due to a bird flu outbreak that killed over 40 million egg-laying chickens in 2024, impacting retail prices and causing some stores to limit purchases; while the impact on chicken meat prices has been less severe.

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24% Bias Score

Zero Hunger
cnnespanol.cnn.com
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Trump Imposes Steel and Aluminum Tariffs, Impacting Key Suppliers

President Trump imposed a 25% tariff on steel and aluminum imports into the U.S., impacting major suppliers Canada, Brazil, and Mexico, who supplied 14.56 million tons of steel and 3.15 million tons of aluminum to the U.S. in 2024. The affected countries responded with cautious observation and prepa...

Progress

36% Bias Score

Reduced Inequality
cnbc.com
🌐 85% Global Worthiness
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Trump's Reciprocal Tariffs Threaten Asian Economies

President Trump announced reciprocal tariffs on Asian economies with large trade surpluses with the U.S., starting Tuesday, potentially impacting countries like China, Vietnam, Taiwan, Japan, and South Korea, with varying degrees of impact based on existing trade relationships and security ties.

Progress

40% Bias Score

Reduced Inequality
us.cnn.com
🌐 85% Global Worthiness
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Trump Tariffs: Wall Street Calm Masks Consumer Anxiety

President Trump's tariffs, although seemingly unbothered by Wall Street, have decreased US consumer sentiment to a seven-month low due to expected inflation; however, the long-term effects remain uncertain.

Progress

48% Bias Score

Reduced Inequality

Showing 1,441 to 1,452 of 1,930 results