Latest in Firstft Economists Expect
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FirstFT: Economists expect a more cautious approach from Fed
Also in today’s newsletter, how Assad airlifted $250mn of Syria’s cash to Moscow and chipmakers Arm and Qualcomm face off in courtFinancial Times - 9h -
Holiday travel expected to break records
The end of 2024 is expected to be the busiest holiday travel period on record, as experts predict it will narrowly beat the record set in 2019. Kris Van Cleave has more on the nation's travel plans.CBS News - 20h -
Economists trim Fed rate cut estimates on fear of Trump inflation surge
Deregulation, tax cuts and tariffs stoke probability of stubbornly high price growth, FT-Chicago Booth poll findsFinancial Times - 23h -
Breaking down Luigi Mangione's expected extradition process
Luigi Mangione is still in custody in Pennsylvania as the timing of his extradition to New York remains in the air. CBS News' Lilia Luciano breaks down what's known about the suspect's legal ...CBS News - 3d -
This economist says the US needs price controls to tackle inflation: ‘We need to dare to think outside the box’
Isabella Weber says economists must design policies that people feel make their lives better – or the US could slide toward fascism. As Donald Trump has pointed out, the price of groceries was ...The Guardian - 3d -
FirstFT: Trading frenzy boosts brokerages and Wall Street banks
Also in today’s newsletter, UK economic output shrinks and an ambitious plan to boost Japan’s birth rateFinancial Times - 3d -
China's Xi not expected at Trump's inauguration
President-elect Trump invited Xi to the swearing-in ceremony shortly after winning the election.CBS News - 3d -
Economy faces 'some potential storms' in 2025, Moody's chief economist says
The economy is doing "exceptionally well," said Moody's Analytics chief economist Mark Zandi. But he sees headwinds under the new administration.CNBC - 4d -
Here’s what’s expected to drive gold’s performance in 2025
Policy changes will be just one of the key factors for gold next year, says the World Gold Council.MarketWatch - 4d -
FirstFT: Nato’s European members discuss raising defence spending targets
Also in today’s newsletter, emerging-market currencies sell off, and Nasdaq board diversity rules thrown outFinancial Times - 4d -
Thune expects tax package by summer: 'Failure is not an option'
Incoming Senate Majority Leader John Thune (R-S.D.) reaffirmed his objective to prioritize swift tax reform in the 119th Congress as well as legislation supporting border security and the energy ...The Hill - 5d -
Sources: Raptors' Barnes expected to miss weeks
Raptors forward Scottie Barnes is expected to miss several weeks with a right ankle injury, sources told ESPN.ESPN - 5d -
Holiday travel expected to break records again
The end-of-the-year holiday travel rush begins next week and AAA is expecting more than 119 million travelers. Most, 107 million, will drive, with gas prices nearly $.15 cheaper than a year ago.CBS News - 5d -
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Annual inflation rate accelerates to 2.7% in November, as expected
The consumer price index was expected to rise 0.3% in November and 2.7% from a year ago.CNBC - 5d -
TUI Shares Slip on Slower Growth Expectations
The travel operator guided for a lower rate of growth in the current fiscal year, despite posting a jump in profit for fiscal 2024 on strong demand.The Wall Street Journal - 5d -
FirstFT: Qatar’s sovereign fund plans to deploy cash ‘aggressively’
Also in today’s newsletter, Microsoft poaches Google DeepMind staff, and court blocks The Onion’s purchase of InfowarsFinancial Times - 5d -
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Economists have 'really had it wrong' about recession, market strategist says
David Zervos of Jefferies and Barbara Doran, CEO of BD8 Capital Partners, weigh in on the likelihood of more Fed rate cuts to come at CNBC's FA Summit.CNBC - 5d -
If Trump adds tariffs, 'either way, there is a cost to consumers,' economist says
President-elect Donald Trump's tariff plan is expected to raise costs, especially for low and middle earners, experts said. But the scope of tariffs is unclear.CNBC - 5d -
SiriusXM Expects Revenue to Decline in 2025
SiriusXM expects to bring in less revenue next year than in 2024, according to the company’s latest guidance.The Wall Street Journal - 6d -
FirstFT: Man charged with murder of healthcare executive
Also in today’s newsletter, Lula in intensive care, and Wall Street’s ‘Merger Monday’Financial Times - 6d -
Surprise RBI governor pick signals India may cut rates as soon as February, economists say
India has appointed a new central bank governor in a surprising move that some experts say strengthens outlook for rate cuts early next year.CNBC - 6d -
Economists need to get their story straight on immigration
Focusing on the impact on the wages or employment levels of native workers is too narrowFinancial Times - 6d -
'Low-hire, low-fire': The U.S. job market is stagnant right now, economists say
The labor market is not nearly as dynamic as it was in 2021 and 2022. That provides both good and bad news for workers.CNBC - Dec. 9 -
FirstFT: Rebels assert control after Assad regime collapse
Also in this newsletter, Omnicom and Interpublic in talks to merge and why Washington law firms are expanding their tariff adviceFinancial Times - Dec. 9 -
Britain’s Flawed Jobs Reports Leave Economists ‘Second-Guessing’
Officials are grappling with an incomplete picture of Britain’s labor market as the national statistics agency strains to improve data quality.The New York Times - Dec. 9 -
5 housing market predictions for 2025, according to economists
Housing has been an expensive necessity, whether you're buying or renting. Here are five things to pay attention to in 2025, experts say.CNBC - Dec. 8 -
Report: Giants expected to be ‘significant players' for Sasaki
The San Francisco Giants reportedly are expected to be "significant players" for coveted international amateur pitcher Roki Sasaki.Yahoo Sports - Dec. 8 -
Amorim forced to Man Utd 'manage expectations'
Ruben Amorim has said he is having to "manage expectations" after suffering his first defeat as Manchester United head coach.ESPN - Dec. 6 -
U.S. adds 227K jobs in November, beating expectations
Friday morning's jobs report from the Labor Department shows the U.S. beat expectations and added 227,000 jobs in November while unemployment ticked up slightly to 4.2%. CBS News MoneyWatch ...CBS News - Dec. 6 -
FirstFT: US equity funds record $140bn of inflows after Trump’s election win
Also in this newsletter, South Korea’s ruling party warns president could impose martial law again and the FT’s most influential women of 2024Financial Times - Dec. 6 -
A rebound is expected after the previous month’s disruptions.
The resolution of the Boeing strike, and recovery from storms in the Southeast, are predicted to produce a gain in monthly payroll data.The New York Times - Dec. 6 -
U.S. economy poised to dominate for the next 20 years — at the cost of growing inequality, economist says
U.S. economic dominance over other countries is poised to surge in the next 20 years due to its widening lead in technology and science, but at the expense of growing inequality at home.MarketWatch - Dec. 6 -
FirstFT: Bitcoin hits $100,000 on back of Trump support
Also in this newsletter, French parliament removes prime minister and Trump discusses replacing defence secretary pickFinancial Times - Dec. 5 -
GOP greets DOGE with excitement but expects 'friction'
Capitol Hill Republicans are clamoring to get in on the "DOGE" action after President-elect Trump put Elon Musk and Vivek Ramaswamy in charge of his administration’s “Department of Government ...The Hill - Dec. 5 -
Trump picks economist Faulkender for No. 2 position at Treasury
President-elect Trump announced economist Michael Faulkender as his pick for deputy secretary of the Treasury on Wednesday, the second-highest ranking position at the department. If confirmed, ...The Hill - Dec. 4 -
FirstFT: South Korea’s Yoon Suk Yeol faces calls to resign after failed martial law order
Also in this newsletter, France’s Michel Barnier faces no-confidence vote, and Bank of England governor hints at rate cutFinancial Times - Dec. 4 -
FirstFT: Critics see chance to close US accounting regulator
Also in this newsletter, Nato’s new chief warns of ‘dire threat’ of a bad Ukraine peace deal and China hits back against chip sanctionsFinancial Times - Dec. 3 -
Cyber Monday shoppers expected to set new records
Cyber Monday could mark the biggest day in sales for e-commerce this year. CBS News' Nancy Chen is tracking the consumer news as the holiday shopping season begins.CBS News - Dec. 2
