Economists have become increasingly optimistic about the odds of a soft landing. But as 2024 begins to unfold, risks remain.
Category: United States Economy
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Stocks Are in a Bull Market. What Does That Mean?
It doesn’t mean stocks will continue to rise indefinitely, but it does reflect a generally optimistic outlook on Wall Street.
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Stocks Climb to Record, Lifted by Big Tech and Rate Cut Hopes
The S&P 500 crossed above its January 2022 peak after weeks of wavering. Investors have been buying stocks after homing in on signals that the Fed’s campaign of raising interest rates is over.
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What’s in the New Tax Deal?
Budget watchdogs warn that temporary changes to the tax code that are being debated on Capitol Hill will lead to more deficits in the long run.
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A Fed Governor Reiterates That Rate Cuts Are Coming
Christopher Waller, one of seven Washington-based Fed governors, said officials should cut rates as inflation cools — though timing was uncertain.
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Flush With Investment, New U.S. Factories Face a Familiar Challenge
Worries are growing in Washington that a flood of Chinese products could put new American investments in clean energy and high-tech factories at risk.
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Trump’s Dominance and Snowy Weather Put Iowa’s Caucus Economy on Ice
Republican candidates have spent heavily in Iowa, but the state is seeing fewer visitors, and winter storms have upended events and travel plans.
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JPMorgan Chase, Bank of America and Wells Fargo Earned Billions
JPMorgan Chase, Bank of America and Wells Fargo reported healthy quarterly profits despite having to pay to replenish the industry’s deposit insurance fund.
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Fresh Inflation Data Shows Intact, but Bumpy, Cool-Down
Inflation remains faster than usual — and month-to-month bumps are still likely as volatile prices fluctuate — but it is making progress back toward a normal pace.
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Inflation Is Moderating, but Pressure Remains on Biden
Voters have taken a downbeat view of the economy because costs have remained stubbornly high.
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Mortgage Rates and Inflation Could Draw Attention to the Fed This Election
The Federal Reserve is poised to cut rates in 2024 while moving away from balance sheet shrinking. Yet a key event looms in the backdrop: the election.
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World Bank Warns of Energy Price Surge if Mideast War Spreads
A new economic report predicted a year of weak growth and said the world faced a decade of “wasted opportunity.”