Dow hits worst streak in more than 40 years as Fed eyes slower rate cuts in 2025 with incoming Trump admin
The Dow Jones Industrial Average suffered its worst losing streak in more than 40 years as investors' expectations that the Federal Reserve would cut interest rates aggressively next year continued to decline. Central bank officials conclude their final two-day meeting of the year on Wednesday, when they are widely expected to announce another quarter-point rate […]
US GDP grew 2.8% in the third quarter, slower than expected
Don Raskin, chief investment officer at Trend Macro, shared his analysis after Jamie Dimon criticized the economy under the Biden-Harris administration on “Evening Edit.” The US economy slowed slightly more than expected in the third quarter due to easing inflation and strong consumer spending. The Commerce Department's Bureau of Economic Analysis released preliminary estimates for […]
London workers slower to return to office than New York or Paris, study says | Working from home
The report found that London workers have been slower to return to the office than those in other global cities such as Paris and New York. London ranked near the bottom, with office attendance rates on par with Toronto and Sydney. Survey by Urban Center Think Tankconducted a survey of employees and employers in six […]
IMF lowers outlook for US economy while warning of slower disinflation
The International Monetary Fund on Tuesday lowered its forecast for the U.S. economy in 2024 by 0.1 percentage point, putting annual growth at 2.6 percent. The firm maintained its forecast for global economic growth this year at 3.2% and raised its forecast for 2025 to 3.3% from 3.2% predicted in April. The international financial institution […]
China’s economy growing slower than expected as leaders meet for third plenum | China
China’s economy slowed more than expected in the fourth quarter, raising the possibility that a meeting of senior government officials in Beijing this week will announce efforts to reignite growth. China, the world’s second-largest economy, expanded 4.7% year-on-year in the April-June period. Office for National Statistics The results, released on Monday, were lower than the […]