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US Economy: Latest News and Analysis

Forbes
The Productivity Tightrope: Two Labor Force Trends That Could Slow The US Economy
Balancing labor supply & employer demand has implications for workers, families, communities, companies, & govt. Economists & policymakers deter try maintain balance.
Reuters
Powell says no need for Fed to rush rate cuts given strong economy
Ongoing economic growth, a solid job market, and inflation that remains above the 2% target means the U.S. central bank does not need to rush to lower interest rates and can deliberate carefully, ...
Business Insider
China's weak economy and record US production will lead to a surplus of one million barrels of oil a day next year, IEA says
Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 million barrels of oil a day, the IEA said, ...
Wall Street Journal
Powell Says Solid Economy Allows Fed to Consider Rate Cuts ‘Carefully’
The U.S. central bank has lowered interest rates by 0.75 point since September.
Wall Street Journal
Japan’s Economy Continues to Grow But at Slower Pace
The Japanese economy managed to continue growing for a second straight quarter thanks to a recovery in consumption.
NHK
US, Japan, S.Korea to set up trilateral secretariat
A senior US official says the leaders of the United States, Japan and South Korea are expected to agree on establishing a trilateral secretariat to coordinate their countries' collaboration.
Markets Insider
3 drivers of the stock market's bull rally are hitting extremes and point to lower returns ahead, economist says
The main drivers of significant stock market gains over the past three decades are nearing extremes, suggesting future returns will be significantly lower. That's according to economist David ...
Associated Press
US mortgage rates dip, but economists see volatility ahead
The average rate on a 30-year mortgage is still down from its 2024 high of 7.22% in May, but above a low of 6.08% in late September.
Bloomberg
Powell Says Strong US Economy Means No Rush to Cut Rates
Good morning. Jerome Powell isn’t in a hurry to lower US interest rates. Rachel Reeves says that the UK’s crackdown on banks went too far. And shop for thrifty to expensive watches with Bloomberg ...
Markets Insider
Non-US stocks have seen their sharpest sell-off since August on fears over Trump's tariffs
While US shares have rallied since the election, non-US stocks have stumbled as investors brace for the potential impact of a new trade war under Trump.
Associated Press
Biden and Xi will meet in Peru as US-China relations tested again by Trump’s return
Trump promised to slap blanket 60% tariffs on all Chinese exports to the U.S. That would jolt the already tumultuous relationship between Beijing and Washington.
The New York Times
Trump’s Immigration Plans Could Bring an Economic Toll
Expelling noncitizens on a mass scale is likely to raise prices on goods and services and lower employment rates for U.S. workers, many economists say.
Reuters
Red sweep may speed US debt ceiling deal, stoke long-term bond worries
A unified government under Donald Trump may offer investors reprieve from the bruising battles around the U.S. debt ceiling that have roiled markets in recent years, even as it raises the prospect of ...
Newsweek
US Ally in Pacific Says China Trespassing in Waters
"It concerns us what is happening in the Philippines ... Kiribati and Nauru. China dealt Palau an economic blow over its refusal to ditch Taiwan by pulling investments and ending package tours to the ...
SCMP
Joe Biden, Xi Jinping will meet on Apec sidelines in Peru, US official says
American leader’s last face-to-face talk with his Chinese counterpart comes amid uncertainty over future of bilateral relations under Trump.
Financial Times
Donald Trump will amplify American exceptionalism and divergence from Europe
The Trump policy programme will only amplify this trend. The most palpable divergence is with Europe. Since 2009, US GDP per capita has almost doubled to $86,600, according to the IMF. Eurozone GDP ...
Business Insider
The US-China tech race is moving from chips to the raw materials they're made of
The US is considering expanding its export limits on AI chips to China and its allies. Experts say the race for AI dominance is like a new Cold War.
Reuters
Futures muted ahead of economic data, Powell speech
U.S. stock index futures were steady on Thursday as investors awaited a fresh batch of economic data and Federal Reserve Chair Jerome Powell's comments later in the day for clues on the outlook for ...
Reuters
Traders keep bets on Dec rate cut after latest US economic data
Futures tied to the Federal Reserve's policy rate edged down after data showed wholesale prices firmed a little more than expected last month, though not enough to suggest traders have lost confidence ...
U.S. News & World Report
Traders Keep Bets on Dec Rate Cut After Latest US Economic Data
(Reuters) - Futures tied to the Federal Reserve's policy rate edged down after data showed wholesale prices firmed a little more than expected last month, though not enough to suggest traders have ...
Bloomberg
US Economy: Jobless Claims Dip, Producer Prices Rise
Applications for US unemployment benefits fell to the lowest level since May last week, decreasing by 4,000 to 217,000, while US producer prices picked up in October, increasing 0.2% from a month ...
Business Insider
Why the euphoric post-election stock rally is disconnected from reality, according to a top economist
With expectations for rates to stay high, and slim Republican majorities in Congress, Trump's policies might not pump up business activity as expected.
Associated Press
US Inflation May Have Picked up in October After Months of Easing
Annual inflation may have risen in October for the first time in seven months, a sign that price increases might be leveling off after steadily cooling for more than two years ...
Global Macro Playbook
Templeton Joins JPMorgan, T. Rowe in Warning of Higher Treasury Yields

Investment firms are warning of a potential surge in US Treasury yields, with some analysts predicting the 10-year yield could reach 5% or higher, reports Bloomberg.

This comes amid growing concerns about the expanding US government debt burden, fueled by a multi-trillion dollar deficit and exacerbated by the potential impact

Associated Press
Trump's economic agenda for 2nd term is clouding outlook for mortgage rates
Donald Trump's election win is clouding the outlook for mortgage rates even before he gets back to the White House.
Reuters
Bridgewater co-chief investment officer says US stocks are 'good thing' to hold now
Bridgewater Associates Co-Chief Investment Officer Karen Karniol-Tambour said on Tuesday U.S. stocks are a "good thing" to hold, adding she expects robust economic growth under President-elect Donald ...
The New York Times
Republicans See a Great Economic Outlook. Democrats, Not So Much.
And voters have said for months that their economic expectations would depend partly on whether their preferred candidate won the White House. “Consumers have been telling us all year long their ...
Reuters
German chemical lobby VCI trims 2024 outlook amid political turmoil
Germany's chemicals industry association VCI on Wednesday lowered its annual forecasts for the sector, citing economic stagnation and political turmoil in Germany.
The New York Times
Republicans See a Great Economic Outlook. Now It’s Democrats Who Don’t.
Consumer sentiment among Republicans has soared to its highest point since Donald J. Trump left the White House, while declining among Democrats.
Business Insider
Warren Buffett is building the Noah's Ark of rainy-day funds. Here's why he's stacked up more than $300 billion.
Warren Buffett's Berkshire Hathaway has pared key bets such as Apple and spent little on stocks, boosting its cash pile to record levels.
The Economist
What does America’s next treasury secretary believe?
With the caveat that the market is relatively thin—only around $250,000 has been wagered on the question on Polymarket, America’s largest prediction market—bettors have given serious chances to four ...
The New York Times
Republicans See a Better Economic Outlook. Now It’s Democrats Who Don’t.
Consumer sentiment among Republicans has soared to its highest point since Donald J. Trump left the White House, while declining among Democrats.
Reuters
ECB's Villeroy: Trump's economic agenda risks global economy, return of inflation
U.S. President-elect Donald Trump's economic agenda risks returning inflation to the United States and hurting economic growth worldwide, Bank of France head and European Central Bank (ECB) member ...
Business Insider
Trump's first term avoided a fight in the South China Sea. It's only getting harder.
A yearlong conflict in East Asia, which covers the South China Sea, could result in a 5-10% loss of US GDP, according to a 2016 research report by the Rand Corporation, a prominent think tank. Leoni ...
Reuters
US crude exports to China rebound from four-year low but outlook glum, Kpler says
U.S. exports of crude oil to China, the world's top oil importer, have rebounded in October from their lowest levels since 2020 amid weak Chinese fuel demand and refinery profits, but the outlook for ...
CNBC
President-elect Trump's vision for the U.S. economy
President-elect Donald Trump is set to inherit the world's leading economy. On the campaign trail, he called for policies that could leave 93 million Americans off the hook for at least part of their income taxes.
Reuters
Futures pull back as focus turns from election to economic data
U.S. stock index futures dipped on Tuesday after Wall Street's rally over the past few days following election results as traders awaited key inflation data later in the week for more signals on the ...
Newsweek
North Korea Warns US and Allies That Russia Conflict Would Be 'Suicidal'
European governments and the U.S. have so far denied Kyiv permission to use their weapons for long-range strikes into Russia. Moscow has said such a move would be treated as tantamount to their direct ...
Reuters
Gold hovers near 1-month low ahead of US data, Fed speakers
Dollar soars as Trump trade ramps up Spot gold hits lowest level since Oct. 10 on Monday Softer inflation print could give gold a reprieve - analyst US CPI due on Wednesday ... while investors awaited ...
Forbes
How The Beauty Industry Shapes The US Economy
The beauty industry is a key driver of the U.S. economy, generating approximately $94.36 billion in cosmetics and beauty sales in 2023. Cosmetics and personal care companies employ 4.6 million people ...
Business Insider
Trump's policies could usher in stagflation and send stock prices plummeting, 'Dr. Doom' economist says
Some of Trump's policies could lead to stagflation, which involves soaring inflation, high interest rates, and rising unemployment, Roubini said.
The New York Times
Europe Braces for Trump: ‘Worst Economic Nightmare Has Come True’
The United States is the biggest trading partner for the European Union and Britain, whose economies could be at risk from the president-elect’s policies.
Business Insider
Stock market today: Trump rally slows with stocks at record highs ahead of new economic data
US stocks added to records on Tuesday, with the blistering rally since last week slowing slightly as traders prepared to take in new inflation data this week. A five-day rally helped the Dow Jones ...
Global Macro Playbook
Trump and Bond Yields

Donald Trump's decisive victory in the presidential race, dubbed by some as the "Super Bowl of Global Politics," triggered mixed reactions across financial markets. While stock indices hit record highs, the US dollar surged, and Bitcoin soared, the bond market responded with a resounding sell-off.

This

Bloomberg
Fate of US Stocks Hinges on Earnings as Election Risk Clears
Corporate earnings are set to become one of the biggest drivers of US stocks as investor focus returns to economic growth following Donald Trump’s US presidential election victory.
NHK
BOJ summary: Reduced risk of hard landing for US economy
A summary of opinions from the Bank of Japan's October policy meeting shows board members saw decreased risk of a hard landing for the US economy.
SCMP
China’s 2025 GDP growth forecast cut by UBS on Trump threat, others wait and see
Investment bank UBS cut its forecast for China’s economic growth next year due to the threat of steep US tariffs on Chinese goods under president-elect Donald Trump, although other global financial ...
Global Macro Playbook
US Disinflation Stalls, Highlighting Tough Road Ahead

US inflation likely remained stagnant in October, highlighting the uneven pace of easing price pressures as the Federal Reserve aims to return inflation to its target, reports Bloomberg.

The core consumer price index (CPI), which excludes food and energy, is projected to have risen at the same pace on both

Bloomberg
Reeves to Tout Benefits of Free Trade Amid Fears of US Tariffs
UK Chancellor Rachel Reeves is set to champion free trade ahead of protectionist trade policies expected from the incoming Trump administration.