The Federal Reserve kept interest rates unchanged at 5.5%, signaling continued vigilance on inflation despite recent improvements in price stability. Chair Powell emphasized the committee's commitment to achieving the 2% inflation target.
READ MORE →The labor market demonstrated continued resilience with stronger-than-anticipated employment gains across multiple sectors. Wage growth accelerated to 4.2% year-over-year, complicating the Fed's inflation fight.
READ MORE →The CBO projects federal deficits will exceed $2 trillion annually within five years without policy changes. Rising interest costs and entitlement spending drive the concerning fiscal outlook.
READ MORE →The US trade deficit decreased 8% in December as robust global demand boosted American exports. Manufacturing shipments to Europe and Asia showed particular strength.
READ MORE →Consumer spending remained robust through early January, defying seasonal patterns. Strong employment and wage growth continue to support household consumption despite elevated interest rates.
READ MORE →Residential construction activity increased 4% in December as builders adapted to the higher interest rate environment. Multi-family projects drove the majority of growth.
READ MORE →Factory activity expanded for the first time in six months as new orders increased. The manufacturing sector shows signs of stabilization following an extended period of contraction.
READ MORE →ECB President Lagarde indicated the bank has likely finished raising rates, with eurozone inflation approaching the 2% target. The focus shifts to determining how long to maintain restrictive policy.
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