Tag #Us Economy

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us.cnn.com
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Trump's Trade War to Cause Greater Economic Damage Than Expected: OECD

The OECD sharply downgraded its 2025 US economic growth forecast to 1.6% due to President Trump's trade war, predicting a global growth slowdown to 2.9% this year and next, citing higher tariffs, retaliatory measures, and decreased US immigration and federal workforce as contributing factors.

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52% Bias Score

Decent Work and Economic Growth
cbsnews.com
🌐 85% Global Worthiness
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OECD Predicts Sharp Slowdown in U.S. Economic Growth Due to Tariffs

The OECD forecasts a significant decline in U.S. GDP growth to 1.6% in 2025 and 1.5% in 2026, primarily due to the Trump administration's tariffs increasing the effective tariff rate to 15.4%, the highest since 1938, leading to higher consumer prices and decreased consumer and business confidence.

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44% Bias Score

Reduced Inequality
foxnews.com
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Trump Administration Appeals Court Ruling on Tariffs

The Trump administration appealed a court decision that blocked its use of emergency powers to impose tariffs, arguing that these tariffs are necessary for effective trade negotiations; the case is expected to reach the Supreme Court.

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60% Bias Score

Decent Work and Economic Growth
cbsnews.com
🌐 75% Global Worthiness
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High US Credit Card Debt Demands Urgent Action Despite Recent Decline

US credit card debt declined by \$29 billion in Q1 2025 to \$1.18 trillion, yet remains high, representing a 6% year-over-year increase; high interest rates and unlikely near-term relief necessitate immediate action by borrowers to explore various debt solutions.

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52% Bias Score

Reduced Inequality
cbsnews.com
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High US Credit Card Debt Demands Action: Four Relief Options Explored

High US credit card debt, totaling over \$1 trillion, is up 6% year-over-year despite a slight recent decrease; four debt relief options are presented: balance transfers, debt consolidation loans, debt management programs, and debt forgiveness.

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40% Bias Score

Reduced Inequality
cnn.com
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Trump's Tariffs Remain Despite Court Challenges

Following a temporary court block, President Trump's tariffs remain in place, impacting global trade relations and potentially raising prices for consumers; the administration cites national security concerns and unfair trade practices as justifications.

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56% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
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Citi's Thematic Investing Strategy Shows Strong Outperformance

Citi's thematic equity strategy, led by Drew Petit, shows a 46.4% cumulative return (31.3% annualized) over 17 months for its 30-stock portfolio, outperforming major indices despite higher risk; top-performing themes include Digital Leisure, Contactless Economy, AI, and FinTech.

Progress

44% Bias Score

Reduced Inequality
abcnews.go.com
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OECD Cuts US Growth Forecast Amid Trump Tariff Concerns

The OECD slashed its US economic growth forecast for 2025 to 1.6% and 1.5% for 2026, citing President Trump's tariffs as a key factor contributing to a global economic slowdown and potential inflation surge nearing 4% by the end of 2025.

Progress

44% Bias Score

Decent Work and Economic Growth
foxnews.com
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Bessent Rebuts Brennan's Claims of Tariff-Driven Inflation

Treasury Secretary Scott Bessent debated CBS' Margaret Brennan on Sunday regarding the impact of Trump administration tariffs on consumer prices, with Bessent citing the recent drop in inflation to counter Brennan's concerns about price increases and highlighting the legal challenges to the tariffs.

Progress

48% Bias Score

Reduced Inequality
forbes.com
🌐 75% Global Worthiness
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U.S. Wine Market Shows Signs of Recovery After Two-Year Decline

A new report shows U.S. wine shipments increased to 134.4 million cases by February 2025, up from 127.3 million cases in February 2024, following two years of decline; 2024 wine revenue reached an estimated \$109 billion, a 3.42% increase from 2023.

Progress

44% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 85% Global Worthiness
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FOMC Expected to Hold Interest Rates Steady Amid Tariff Concerns

The Federal Open Market Committee (FOMC) is expected to hold interest rates steady at 4.25% to 4.5% at its June 11 meeting, primarily due to the current economic stability, despite ongoing concerns about the impact of tariffs on inflation and unemployment and President Trump's continued calls for lo...

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40% Bias Score

Decent Work and Economic Growth
cnn.com
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Strained Household Finances Threaten US Economic Outlook

High inflation, high interest rates, and renewed student loan repayments are straining American household finances, increasing debt defaults, and impacting consumer spending, potentially leading to an economic downturn. The Trump administration's tariffs further exacerbate uncertainty.

Progress

52% Bias Score

No Poverty

Showing 517 to 528 of 1,930 results