February 22, 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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