Trump Says Halfpoint Rate Cut Shows Us Economy Is Very Bad
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What does the Fed's interest rate cut say about the state of the economy?
The Federal Reserve cut interest rates for the second time this year just days after the end of a presidential race in which inflation played a big role. CBS News MoneyWatch correspondent Kelly ...Top stories - CBS News - Yesterday -
GDP Report Shows US Economy Grew at 2.8% Rate
In a key economic report released just days before the presidential election, gross economic product rose at a 2.8 percent rate in the third quarter.Business - The New York Times - October 30 -
A presidential pardon for Trump is a very bad idea
Even if Harris were to pardon Trump, it’s hard to imagine it accomplishing the national healing that such “amnesty” pardons are designed to promote.Politics - The Hill - October 30 -
US central bank boss says Trump can't fire him
The US central bank cuts interest rates, as its chairman vows to stay on the job.Top stories - BBC News - Yesterday -
Top Trump economic adviser says big Fed rate cut was justified
Kevin Hassett is contender to replace Jay Powell as US central bank chair if Republican wins electionBusiness - Financial Times - October 18 -
ECB cuts interest rates to support flagging eurozone economy
Fall in inflation enables central bank to bring in quarter point cut to 3.25% after business and consumer slowdown. Business live – latest updates The European Central Bank has intervened to ...World - The Guardian - October 17 -
What a potential Fed rate cut could mean for the economy
As the Fed wraps up its two-day meeting, there's a chance of another interest rate cut. CBS News business analyst Jill Schlesinger joins "CBS Mornings Plus" to talk about the potential impact on ...Top stories - CBS News - 2 days ago -
FirstFT: Trump edges ahead of Harris in FT-Michigan Ross poll on economy
Also in today’s newsletter, Boeing machinists reject company pay offer and Tesla’s turnaroundWorld - Financial Times - October 24 -
Big Fed rate cut was justified, but it may have acted politically, Trump economic adviser says
Kevin Hassett, who was Chairman of the Council of Economic Advisers in the Trump administration from 2017 to 2019, agreed with Trump’s view that the Federal Reserve has acted politically in recent ...Business - MarketWatch - October 19 -
US elections live: Harris makes unexpected stop at DNC headquarters as millions of Americans cast their votes
Harris thanks Democratic staffers in Washington DC and says ‘we have so much work to do’ during phone-banking session. US election results 2024: live map and tracker When will we know the ...World - The Guardian - 3 days ago -
Trump’s victory means fewer Fed rate cuts
“Trump is a president who likes to spend, he was a real-estate developer who loves to borrow. I don’t think he’s shaken either of those ideals,” notes one analyst.Business - MarketWatch - 3 days ago -
US economy continues to grow at robust rate days before presidential election
GDP rose by 2.8% in the third quarter, short of economists’ expectations of 3.1%, and driven primarily by consumer spending. The pace of US economic growth slowed over the summer but continued its ...World - The Guardian - October 30 -
It’s easy for the British to insult Donald Trump – but here’s why it’s a very bad idea | Simon Jenkins
A majority of Britons may want Kamala Harris to win the US election, but antagonising a powerful potential ally is unwise. Is it wise for Britons to heap abuse on Donald Trump? At present he is the ...World - The Guardian - October 28 -
Trump trade war ‘could push eurozone into full-blown recession’; UK and US expected to cut interest rates today – business live
Rolling coverage of the latest economic and financial news. City analysts overwhelmingly predict Bank of England interest rate cut Wall Street and bitcoin soar to record highs as Trump wins ...World - The Guardian - 2 days ago -
US economic growth is strong — so why cut rates?
Only borrowers such as struggling commercial property and debt-laden zombie companies will benefitWorld - Financial Times - October 17 -
Fed poised to look past US election uncertainty with quarter-point rate cut
Central bank expected to stay the course despite a distorted jobs report and unclear path for economic policyBusiness - Financial Times - 6 days ago -
Waller skeptical of more big Fed rate cuts amid worries a strong economy could reignite inflation
A key voter on the Federal Reserve said the surprising strength of the economy suggests the central bank should “proceed with more caution” in cutting U.S. interest rates to make sure inflation ...Business - MarketWatch - October 14 -
Would a Strong Job Market Stop Fed Rate Cuts? This Official Says No.
Mary C. Daly, the president of the Federal Reserve Bank of San Francisco, said that the central bank shouldn’t act “out of fear.”Business - The New York Times - October 15 -
Back-to-back rate cuts no indication of future ECB policy, governor says
Slovenian central bank chief Boštjan Vasle argues central bank needs flexibility to respond to signs of persistent inflationWorld - Financial Times - October 20 -
Fed cuts interest rates as Powell says he will not resign as chair
US central bank lowers target range by a quarter point to 4.5%-4.75%World - Financial Times - Yesterday -
Gabriela is an undecided US voter. Here's the very different content TikTok and X showed her
How is the battle for votes unfolding over different social media feeds this US election?Top stories - BBC News - 6 days ago -
Billionaire investor says market is 'very convinced' of Trump victory
Billionaire investor Stanley Druckenmiller said Wednesday that the market is “very convinced” of an election victory for former President Trump. “I must say, in the last 12 days, the market and the ...Politics - The Hill - October 17 -
Wall Street reacts to Trump win as Fed weighs interest rate cut
President-elect Trump’s victory spurred a surge on Wall Street with the Dow Jones, S&P and Nasdaq reaching record highs. It comes as the Federal Reserve is weighing another interest rate cut with a ...Top stories - NBC News - 2 days ago -
Trump’s win and the Fed’s rate cut are giving the stock market an open road
S&P 500 races ahead, and opportunities surface in solar power and crypto.Business - MarketWatch - Yesterday -
Polls Show Trump’s Edge Shrinking on Voters’ Top Issue: The Economy
It remains priority No. 1 for many voters, particularly those who are still undecided, according to Times/Siena polling. But can Kamala Harris translate her gains into votes?Business - The New York Times - October 30 -
These 4 Policies Show How Trump’s Victory Will Reverberate Through Global Economy
The rest of the world is looking plans for higher trade tariffs, deregulation, more oil drilling and more demands on America’s NATO partners and anticipating the strain on government finances, ...Business - Inc. - 3 days ago -
Trump says he could lose: 'Bad things could happen'
Former President Trump told ABC News on Sunday that he could imagine losing the presidential election to Vice President Harris. ABC News chief Washington correspondent Jonathan Karl talked to the ...Politics - The Hill - 5 days ago -
Mortgage rates are likely to stay high after Trump's election win—despite Fed rate cuts
With a Republican sweep of the presidency and Congress, mortgage rates could stay well above 6% for the rest of 2024.Business - CNBC - Yesterday -
Five NHL Teams That Stand Out In A Bad Way Very Early On
The NHL's Canucks, Avalanche, Predators, Oilers and Red Wings have not impressed in the very early stages of this season. What's been surprising about their struggles?Sports - Yahoo Sports - October 17 -
Strong US economy and ‘Trump trade’ drive dollar rally
US currency hits highest level since August, as investors bet on growing likelihood of election victory for former presidentBusiness - Financial Times - October 22 -
Trump takes lead over Harris on US economy in final FT poll
FT-Michigan Ross survey shows most Americans think they will be better off if Republican winsBusiness - Financial Times - October 24 -
Trump victory bets and strong US economy power dollar gains
Greenback enjoys strongest month in two years ahead of presidential electionBusiness - Financial Times - November 2 -
US economy could ‘overheat’ under Trump, warns bond giant Pimco
CIO Dan Ivascyn says interest rate cuts could be paused and stocks look vulnerable after post-election rallyBusiness - Financial Times - Yesterday -
If the Fed Is Cutting Rates, Why Are Mortgage Rates Rising?
The latest rise, to 6.79% for a 30-year mortgage, reflects bond market concern about President-elect Trump’s agenda. It extends an uptick in mortgage rates despite expected Federal Reserve rate cuts.Business - The New York Times - 2 days ago -
Larry Fink says the Fed won't cut interest rates as much as markets expect this year
"I do believe we have greater embedded inflation in the world than we've ever seen," Fink said.Business - CNBC - October 29 -
Could a Trump presidency damage both democracy and the economy? Experts weigh in
Trump could damage the economy, experts say, if he makes good on threats to prosecute political rivals, including Kamala Harris.Top stories - ABC News - October 31
