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2024-05-02 01:49:04
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US Federal Reserve Holds Interest Rates Steady Due to Lack of Inflation Progress
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#2140b79c ver:0.86

The US Federal Reserve keeps interest rates steady due to lack of progress in inflation, marking the sixth consecutive meeting with no rate changes. The decision reflects caution and a focus on reaching the 2% inflation goal before considering rate cuts. The Fed also plans to slow the pace of its balance-sheet reduction program. Higher interest rates may impact borrowing costs and investment returns. #FederalReserve #InterestRates #Inflation #Economy...

#newstr #FederalReserve #InterestRates #Inflation #EconomicGrowth #EconomicData #JeromePowell

https://here.news/story/2140b79c?ver=0.86


Negative Perceptions of China Soar to Five-Year High Among Americans
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#7df26c95 ver:0.47

Negative perceptions of China among Americans have reached a five-year high, with over 40% considering China as an enemy, according to a survey by Pew Research Center. The Biden administration aims to stabilize relations while countering China. Roughly half of Americans prioritize limiting China's power, and 80% have an unfavorable view of China and little confidence in President Xi Jinping. Republicans, older Americans, and those critical of the US economy are more likely to view China as an enemy. #China #USChinaRelations #Perceptions #PewResearch...

#newstr #China #Us #Perceptions #ForeignPolicy #PewResearchCenter

https://here.news/story/7df26c95?ver=0.47


Federal Reserve Chair Jerome Powell Disputes Stagflation Concerns
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#93c087e4 ver:0.78

Federal Reserve Chair Jerome Powell disputes concerns of stagflation in the US economy, citing solid growth and inflation below 3%. Experts argue that current conditions do not meet the definition of stagflation, emphasizing low unemployment and stable inflation. However, fears persist due to disappointing economic reports and uncertainty around labor shortages and supply chain disruptions. Proactive measures are needed to combat sustained inflation and potential economic stagnation. #Stagflation #US #Economy #Inflation...

#newstr #FederalReserve #JeromePowell #Stagflation #UsEconomy #Inflation #InterestRates

https://here.news/story/93c087e4?ver=0.78


US Economy Grows at Slower Pace of 1.6% in Q1 2024, Missing Analyst Expectations Amid Rising Inflation and Stagflation Concerns
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#d85b6eb2 ver:0.82

The US economy grew at a slower pace of 1.6% in Q1 2024, missing analyst expectations. Rising inflation and stagflation concerns are contributing factors. Despite the slowdown, consumer spending remains strong, particularly in the services sector. Businesses are optimistic and increasing investments in AI. The housing market shows signs of peaking, and there is uncertainty about future inflation and interest rates. The US economy is still outperforming other developed nations. Biden's approval ratings may decline further due to the combination of lower growth and higher inflation. #USEconomy #GDP #Inflation #ConsumerSpending #AI #HousingMarket #BidenEconomy...

#newstr #UsEconomy #GdpGrowth #InterestRates #Inflation #ConsumerSpending #Biden'sEconomicScenario #Stagflation

https://here.news/story/d85b6eb2?ver=0.82


Yen strengthens as Fed indicates no rate hike
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#191fec04 ver:0.79

The Japanese yen strengthens as the US Federal Reserve indicates no rate hike, with the USD/JPY pair trading below 154.50. Factors such as disappointing inflation data, a shift in Japan's trade balance, and safe-haven inflows contribute to the yen's spike. The yen may also benefit from proposed tariffs on Chinese steel and aluminum, potentially supporting the Japanese market. Traders await Japan's National Consumer Price Index data for March. #yen #USDJPY #FederalReserve #inflation #tariffs...

#newstr #JapaneseYen #UsFederalReserve #InterestRates #InflationData #PolicyRateMove

https://here.news/story/191fec04?ver=0.79

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