Tag #Us Economy

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forbes.com

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Dec 23, 19:10

Fed Holds Steady on Rates in January, More Cuts Expected in 2025

The Federal Reserve cut interest rates by 0.25% on December 18, 2024, but a January 29, 2025 rate cut is unlikely due to elevated inflation (November CPI at 2.7%, core CPI at 3.3%) and low unemployment; however, further cuts are likely in 2025.

Fed Holds Steady on Rates in January, More Cuts Expected in 2025

The Federal Reserve cut interest rates by 0.25% on December 18, 2024, but a January 29, 2025 rate cut is unlikely due to elevated inflation (November CPI at 2.7%, core CPI at 3.3%) and low unemployment; however, further cuts are likely in 2025.

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What is the likelihood of a Federal Reserve interest rate cut at their January 2025 meeting, and what factors contribute to this likelihood?

On December 18, 2024, the Federal Reserve unexpectedly cut interest rates by 0.25%, but another cut at their January 29, 2025 meeting is highly improbable. This is due to elevated inflation and low unemployment, factors that lessen the urgency for further rate reductions.

forbes.com

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Dec 23, 22:08

US Economy Poised for Continued Growth in 2025

The US economy is poised for continued growth in 2025, driven by a strong labor market, solid consumer spending, and anticipated interest rate cuts by the Federal Reserve, despite existing inflation and geopolitical risks.

US Economy Poised for Continued Growth in 2025

The US economy is poised for continued growth in 2025, driven by a strong labor market, solid consumer spending, and anticipated interest rate cuts by the Federal Reserve, despite existing inflation and geopolitical risks.

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How do current consumer debt levels and credit quality contribute to the positive consumption outlook for 2025?

Positive 2024 trends, including solid consumption and GDP growth, are expected to continue into 2025, although at a slower pace. Low consumer debt delinquencies (3.5% in Q3 2024) and a high percentage of mortgages issued to high-credit-score individuals indicate a healthy consumer base. The robust labor market and easing inflation contribute to this positive outlook.

cnbc.com

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Dec 22, 22:07

Market Falls Despite Positive Economic Data Amid Fed's Hawkish Outlook

The S&P 500 and Dow Jones Industrial Average fell despite a Friday rally, losing 2% and 2.2% respectively, due to the Federal Reserve's less-dovish outlook on future rate cuts, despite a cooler-than-expected personal consumption expenditures (PCE) price index.

Market Falls Despite Positive Economic Data Amid Fed's Hawkish Outlook

The S&P 500 and Dow Jones Industrial Average fell despite a Friday rally, losing 2% and 2.2% respectively, due to the Federal Reserve's less-dovish outlook on future rate cuts, despite a cooler-than-expected personal consumption expenditures (PCE) price index.

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What were the immediate market impacts of the Federal Reserve's interest rate cut and subsequent hawkish outlook on future rate reductions?

Despite a Friday rally fueled by positive economic data (cooler-than-expected PCE price index and upbeat comments from Chicago Fed President Austan Goolsbee), the S&P 500 and Dow Jones Industrial Average ended the week down 2% and 2.2%, respectively, marking consecutive weekly declines. This follows Wednesday's interest rate cut by the Federal Reserve, which was overshadowed by a hawkish outlook on future rate cuts.

forbes.com

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Dec 22, 12:48

Bearish Crude Oil Market Outlook for 2025

As the trading year ends, crude oil markets show a bearish trend due to oversupply, reduced Chinese demand (300,000 bpd less in Q4 2024 than Q4 2023), and a stronger dollar following the Fed's rate cut announcement.

Bearish Crude Oil Market Outlook for 2025

As the trading year ends, crude oil markets show a bearish trend due to oversupply, reduced Chinese demand (300,000 bpd less in Q4 2024 than Q4 2023), and a stronger dollar following the Fed's rate cut announcement.

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Affordable and Clean Energy

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How significant is the decline in Chinese oil demand, and what are the contributing factors to this trend?

China's reduced crude oil imports (300,000 bpd less in Q4 2024 compared to Q4 2023) and projections of peak oil consumption by 2027 are contributing to bearish market sentiment. Increased non-OPEC+ production, particularly from the U.S., further exacerbates the oversupply concerns.

edition.cnn.com

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Dec 21, 13:08

Trans Woman's Struggle Highlights US Economic Hardship

Chiugo Akujuobi, a 26-year-old trans woman, survives on food pantries and friends' help after fleeing transphobic abuse in Houston; their financial struggles exemplify the difficulties faced by low-income Americans amidst persistent inflation and the potential impact of new tariffs.

Trans Woman's Struggle Highlights US Economic Hardship

Chiugo Akujuobi, a 26-year-old trans woman, survives on food pantries and friends' help after fleeing transphobic abuse in Houston; their financial struggles exemplify the difficulties faced by low-income Americans amidst persistent inflation and the potential impact of new tariffs.

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No Poverty

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What factors beyond inflation and interest rates contribute to Akujuobi's financial hardship, and how do these factors intersect with broader societal issues?

Akujuobi's situation exemplifies the ongoing economic challenges faced by low-income Americans, exacerbated by inflation and high interest rates. Despite wage growth outpacing inflation earlier in 2023, this trend has reversed, leaving low-income individuals particularly vulnerable.

edition.cnn.com

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Dec 20, 13:12

Starbucks Baristas to Strike Nationwide

On Friday, over 10,000 Starbucks union baristas will strike in Los Angeles, Chicago, and Seattle, with potential expansion to hundreds of stores nationwide by Christmas Eve unless a collective bargaining agreement is reached with Workers United, impacting holiday sales.

Starbucks Baristas to Strike Nationwide

On Friday, over 10,000 Starbucks union baristas will strike in Los Angeles, Chicago, and Seattle, with potential expansion to hundreds of stores nationwide by Christmas Eve unless a collective bargaining agreement is reached with Workers United, impacting holiday sales.

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What are the immediate consequences of the planned Starbucks baristas' strike on the company's operations and holiday sales?

Over 10,000 Starbucks baristas, represented by Workers United, will strike in major cities on Friday, potentially expanding nationwide by Christmas Eve. The union cites Starbucks' failure to present a serious economic proposal despite earlier commitments. Starbucks claims the union prematurely ended negotiations and expresses readiness to continue.

cnbc.com

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Dec 23, 22:08

U.S. Job Market Shifts from "Great Resignation" to "Great Stay

The U.S. job market has transitioned from the "Great Resignation" to the "Great Stay," with low hiring, quits, and layoffs, primarily due to employer reluctance to lay off workers and reduced hiring stemming from the Federal Reserve's interest rate hikes to curb inflation.

U.S. Job Market Shifts from "Great Resignation" to "Great Stay

The U.S. job market has transitioned from the "Great Resignation" to the "Great Stay," with low hiring, quits, and layoffs, primarily due to employer reluctance to lay off workers and reduced hiring stemming from the Federal Reserve's interest rate hikes to curb inflation.

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How have the Federal Reserve's interest rate policies influenced hiring and employee turnover?

The "Great Stay" is driven by employer "scarring" from recent hiring difficulties and the Federal Reserve's interest rate hikes to combat inflation. These rate hikes increased borrowing costs, causing businesses to reduce expansion and hiring. The resulting decline in job openings has decreased the number of employees quitting their jobs.

forbes.com

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Dec 22, 16:07

Trump's Bitcoin Reserve Plan Sends Prices Soaring Past \$100,000

Donald Trump's endorsement of a U.S. bitcoin reserve, coupled with MicroStrategy founder Michael Saylor's proposal to Congress, has driven bitcoin prices above \$100,000, prompting warnings to the Federal Reserve and speculation about the potential to offset the national debt and position the U.S. a...

Trump's Bitcoin Reserve Plan Sends Prices Soaring Past \$100,000

Donald Trump's endorsement of a U.S. bitcoin reserve, coupled with MicroStrategy founder Michael Saylor's proposal to Congress, has driven bitcoin prices above \$100,000, prompting warnings to the Federal Reserve and speculation about the potential to offset the national debt and position the U.S. a...

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How does Michael Saylor's proposal connect the creation of a U.S. bitcoin reserve to broader goals of strengthening the U.S. dollar and reducing the national debt?

The proposed U.S. bitcoin reserve, championed by Donald Trump and detailed in a plan by Michael Saylor, aims to transform the U.S. financial system and global digital capital markets. Saylor's plan projects substantial increases in global digital capital markets and digital asset value, with the U.S. capturing a dominant share. This initiative is driven by the belief that bitcoin can bolster the U.S. dollar and reduce the national debt.

cnnespanol.cnn.com

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Dec 22, 04:08

Low-Income Americans Face Continued Economic Hardship Amidst Inflation and Tariff Threats

Chiugo Akujuobi, a 26-year-old college graduate, is living below the poverty line after fleeing her home due to transphobia, highlighting the ongoing economic struggles faced by many low-income Americans amid easing inflation, but with potential future tariff increases threatening further hardship.

Low-Income Americans Face Continued Economic Hardship Amidst Inflation and Tariff Threats

Chiugo Akujuobi, a 26-year-old college graduate, is living below the poverty line after fleeing her home due to transphobia, highlighting the ongoing economic struggles faced by many low-income Americans amid easing inflation, but with potential future tariff increases threatening further hardship.

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No Poverty

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What is the immediate impact of persistent economic hardship on low-income Americans, illustrated by Akujuobi's experience?

Chiugo Akujuobi, 26, is struggling financially after fleeing her family home due to transphobic remarks. She is currently homeless and relying on food banks and friends for support, earning under $10,000 this year, below the poverty line. This exemplifies the economic struggles faced by many low-income Americans.

aljazeera.com

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Dec 21, 01:08

Starbucks Baristas Strike Over Wages and Working Conditions

Starbucks baristas in Los Angeles, Chicago, and Seattle began a five-day strike on Friday, citing unfair labor practices, insufficient wages ($21/hour), and inadequate staffing; the union representing them, Starbucks Workers United, says the action could escalate to hundreds of stores by Christmas E...

Starbucks Baristas Strike Over Wages and Working Conditions

Starbucks baristas in Los Angeles, Chicago, and Seattle began a five-day strike on Friday, citing unfair labor practices, insufficient wages ($21/hour), and inadequate staffing; the union representing them, Starbucks Workers United, says the action could escalate to hundreds of stores by Christmas E...

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How did negotiations between Starbucks and the union break down, and what are the specific demands from both sides?

This strike reflects a broader trend of increased labor actions across US service industries, mirroring recent successes in manufacturing. The Starbucks Workers United union, representing employees at 525 stores, aims to pressure Starbucks into addressing concerns around wages, which baristas describe as inadequate given inflation and high living costs. The union's demands for substantial wage increases highlight the growing tension between labor and corporations in the current economic climate.

elpais.com

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Dec 20, 19:10

Trump Threatens EU Tariffs Unless Energy Purchases Increase

Incoming US President Donald Trump threatens to impose tariffs on European goods if the EU doesn't substantially increase purchases of American oil and gas, prompting the EU to prepare contingency plans including retaliatory tariffs and increased energy cooperation while also seeking further negotia...

Trump Threatens EU Tariffs Unless Energy Purchases Increase

Incoming US President Donald Trump threatens to impose tariffs on European goods if the EU doesn't substantially increase purchases of American oil and gas, prompting the EU to prepare contingency plans including retaliatory tariffs and increased energy cooperation while also seeking further negotia...

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What are the immediate economic implications of Trump's threat of tariffs on EU goods?

Donald Trump, incoming US president, threatens to impose tariffs on European goods unless the EU significantly increases its purchases of American oil and gas. The EU is prepared to boost energy ties and buy more LNG, but also has contingency plans for a trade war, including retaliatory tariffs on US products.

faz.net

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Dec 20, 13:12

Fed Cuts Rates, but Market Reacts Negatively to Revised Outlook

The Federal Reserve lowered interest rates by 0.25 percentage points to 4.25-4.5 percent on Wednesday, but markets reacted negatively due to a revised outlook on future cuts; the Nasdaq-100 fell 3.6 percent, Tesla dropped 8 percent, and the Dow Jones lost 2.6 percent, while the dollar strengthened a...

Fed Cuts Rates, but Market Reacts Negatively to Revised Outlook

The Federal Reserve lowered interest rates by 0.25 percentage points to 4.25-4.5 percent on Wednesday, but markets reacted negatively due to a revised outlook on future cuts; the Nasdaq-100 fell 3.6 percent, Tesla dropped 8 percent, and the Dow Jones lost 2.6 percent, while the dollar strengthened a...

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What was the immediate market impact of the Federal Reserve's interest rate decision and the revised outlook on future rate cuts?

The Federal Reserve lowered interest rates by 0.25 percentage points, bringing the target range to 4.25-4.5 percent. This decision, while described as close, was met with a negative market reaction, particularly impacting tech stocks; the Nasdaq-100 fell 3.6 percent and Tesla shares dropped 8 percent. The Dow Jones also significantly declined by 2.6 percent.

Showing 865 to 876 of 1,021 results