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The US budget deficit grew to almost $2 trillion over the past year, government data showed, reaching its highest level since 2021 despite President Donald Trump's promises to cut public spending and red ink.
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The Federal Reserve has set a new target range by increasing its benchmark interest rate, marking its first hike since 2023. President Donald Trump has called for a substantial reduction in interest rates, advocating for lower borrowing costs given the country's robust credit status. However, officials have stated that ongoing inflation remains a significant factor driving this adjustment.
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#FederalReserve# #FedRateHike# #USInterestRates# #InterestRates# #FederalReservePolicy# #Inflation# #USEconomy# #DonaldTrump#
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US economy grows at surprising 3.4% rate, powered by consumer spending, AI investment
US economy beats expectations as inflation picks up
US GDP grew at a 3.4% annualized rate in Q3, topping the 3.2% forecast and accelerating from 2.2% in Q2.
US Economy Grows 3.4% In Q3, Fastest Pace In A Year, Supercharged By Massive AI Capex Spending
US economy beats forecasts to grow at 3.4% rate in third quarter
US producer prices rose in September at the fastest pace in more than four years as higher energy costs reverberated through the US economy.
US Treasury Secretary Scott Bessent has made many sunny predictions about the US economy that haven’t come to pass: Evening Briefing Americas
US economy adds just 29,000 jobs in September as hiring slows sharply
US economy keeps up the momentum, ISM surveys show, but it's helter-skelter. Iran, gas prices & high inflation are the negatives. Yet the AI and stock market booms and low unemployment keep the 'good' times going. Strange times. via @MarketWatch
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