February 21, 2025
Economy

How Trump’s Tariffs Could Distort Key Indicators of the US Economy’s Health

President-elect Donald Trump’s promise to impose new tariffs on imports from China, Mexico, and Canada could have significant economic consequences, potentially disrupting inflation, investment, and the broader economic cycle. If implemented, the new tariffs might reverse the Federal Reserve’s hard-won progress in controlling inflation. Raising the cost of imports from the US’s neighboring countries could […]

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Economy

US Economy Set for Robust Growth in 2025: BofA Highlights Resilience Against Global Recessions

The US economy remains on a steady trajectory, and Bank of America economists anticipate this momentum will carry through 2025. In a research note shared Monday, BofA’s economics team, led by Claudio Irigoyen, forecasted the US economy to grow at an annualized rate of 2.4% in 2025. This projection surpasses the current Bloomberg consensus estimate […]

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Economy

Lula Defies Advisors, Triggers Market Plunge That Poses Risks to the Economy

The risks were starkly evident. President Luiz Inácio Lula da Silva’s top economic advisors had repeatedly warned him: tampering with the fiscal austerity plan would trigger a selloff in Brazilian financial markets. Despite these warnings, Lula chose to ignore them. He instructed his team to include tax-relief measures for the poor in the package, undermining […]

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Economy

Trump’s Low Oil Price Pledge: A Double-Edged Sword for Emerging Markets

As the incoming president of the United States, the world’s largest oil producer, Donald Trump’s campaign promise to push for lower oil prices has sparked both hope and concern across global markets. While his ability to influence oil prices is limited—given the U.S.’s lack of control over OPEC+ and the absence of a state-run oil […]

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Economy

Warren Buffett’s Latest Market Warning: 3 Key Actions for Investors

Warren Buffett, widely regarded as one of the most influential voices in investing, has once again sent a clear message to the market. While his signals often require careful interpretation, recent developments at his firm, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), are hard to ignore. In its third-quarter filings, Berkshire Hathaway revealed its highest-ever cash reserves […]

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Economy

Weekly Unemployment Claims Decline, GDP Remains Stable

In the latest update on the US labor market, weekly jobless claims rose less than anticipated, hitting a seven-month low. This signals a continued recovery as the impact of labor strikes and severe weather conditions that had previously disrupted the job market continues to diminish. The Department of Labor reported that for the week ending […]

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Economy

U.S. Third-Quarter Economic Growth Remains Steady at 2.8%

The U.S. economy experienced strong growth in the third quarter, confirming a solid 2.8% annualized increase, according to the latest report from the Commerce Department’s Bureau of Economic Analysis. This figure remained unchanged from the initial estimate, reflecting robust consumer spending and business investment. While economists had anticipated no change, the updated data showed slight […]

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Economy

Mexico Warns Trump’s Tariff Could Lead to 400,000 US Job Losses

Mexican Economy Minister Marcelo Ebrard warned that U.S. President-elect Donald Trump’s proposed 25% tariff on all imports would lead to the loss of 400,000 jobs and hinder U.S. economic growth, while also impacting Mexico’s exports. In a morning press conference, Ebrard described the tariff plan as “a shot in the foot” and advocated for more […]

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Economy

Potential Price Hikes If Trump Initiates a New Trade War with Mexico and Canada

During President Donald Trump’s first term, the U.S. initiated a full-scale trade war with China, aiming to boost American manufacturing, safeguard national security, and address what Trump considered an imbalanced trade relationship. Under President Joe Biden, many of these tariffs remained, along with a few additional measures, leaving U.S. consumers to shoulder the financial burden […]

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Economy

Leaders of Canada and Mexico Emphasize Cooperation Amid Trump Tariff Threat

Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum are urging continued dialogue and cooperation in response to U.S. President-elect Donald Trump’s threat to impose 25% tariffs on both nations when he assumes office next year. During a press conference on Tuesday, Sheinbaum expressed concern over the potential economic fallout, warning that tariffs would […]

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