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Showing posts with the label economic policy

U.S. Economy Surges 2.4% in Q4 on Revised Growth Estimate

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In the last quarter of 2024, the U.S. economy showed robust growth with an annual rate of 2.4%, fueled largely by increased consumer expenditure towards the end of the year, according to a report released Thursday by the government. improvement over its earlier projection of fourth-quarter growth. However, it remains uncertain whether the United States will be able to maintain that level of growth. President Donald Trump initiates trade conflicts. , purges the federal workforce and promises mass deportations of immigrants working in the country without proper authorization. The growth in the country's gross domestic product – which measures the total production of goods and services – slowed down to a rate of 3.1% during the period from July to September 2024, as reported by the Commerce Department. Throughout the entire year of 2024, the economy — the largest globally — expanded by 2.8%, slightly less than the 2.9% growth recorded in 2023. Personal consumpti...

Recession fears are mounting — Powell’s stances on these 4 issues could dictate America’s economic path in months ahead

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Following the conclusion of the pandemic, financial markets typically dismissed times of tepid economic figures and associated concerns over an upcoming recession. This year has been different. Growing ambiguity regarding the future prospects has increased among both consumers and businesses due to the economic policies introduced by the new Trump administration. As a result, investors have become more cautious, perceiving that the economy has significantly decelerated. This week, investors in the stock market will focus on the Federal Reserve for clues about four key areas of worry. The first is economic fragility. Economists are now busy slashing their growth estimates for the year. Former Boston Fed President Eric Rosengren told gudangmovies21an interview he now sees growth for the year at 1%, down from his prior forecast of 2.4%. Julia Coronado, who leads MacroPolicy Perspectives, stated that a survey of economists conducted around the time of the Fede...