Analysts bullish on 2023 were largely right and expect more of the same in 2024. Bears caution that the Fed’s impact is yet to be determined.
Category: United States Economy
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Red Sea Shipping Halt Is Latest Risk to Global Economy
Next year could see increasing volatility as persistent military conflicts and economic uncertainty influence voting in national elections across the globe.
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Americans May Be Taking on Too Much Pay Later ‘Phantom Debt’
Buying mattresses, clothes and other goods on installment plans has propped up spending, but economists worry that such loans could put some people at risk.
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Just How Rich Were the McCallisters in ‘Home Alone’?
Fans have been debating the McCallister family’s wealth for years. We asked the Federal Reserve for answers.
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What Social Trends Taught Us About the 2023 Economy
From girl dinners to ChatGPT, a look back at the trends that broke the internet and taught us about the American economy this year.
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Red Sea Attacks Add Another Snarl to Global Shipping
Already hampered by problems at the Panama Canal, shipping companies are now steering clear of the Suez Canal to avoid being attacked in the Red Sea.
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Wall Street’s Bond ‘Vigilantes’ Are Back
The financial world has been debating if market appetite for buying U.S. debt is near a limit. The ramifications for funding government priorities are immense.
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High Housing Prices May Pose a Problem for Biden
Buying a home is a less attainable goal for many young people, and rents are expensive. Could that dog Democrats in the 2024 election?
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Prices for Some Goods Are Actually Falling This Holiday Season
As inflation slows, prices for some physical goods are falling outright, which could lift consumers’ spirits.
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The Debate on Wall Street: Did the Fed Pivot Too Soon on Rates?
The S&P 500 is on the cusp of a new record high following the central bank’s dovish forecast on interest rates. But some market watchers are questioning the durability of the rally.
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Powell, Fed’s Chair, Unleashes the Bulls
The Federal Reserve’s surprise projection that it may cut interest rate three times next year has triggered a global rally in stocks and bonds.