U.S. economy will see 'more things break' in 2025 if rates stay high, strategist says
Altaf Kassam told CNBC that classic monetary policy mechanisms had "broken."
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IMF upgrades global growth forecast as economy proves 'surprisingly resilient' despite downside risks
The IMF on Tuesday raised its global growth forecast slightly, saying the economy had proven "surprisingly resilient" despite inflationary pressures.
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Fed's Powell, Jefferson to Square Policy With Strong Data
Federal Reserve Chair Jerome Powell and Vice Chair Philip Jefferson will make what are likely to be their last public comments before the U.S. central bank's next meeting, as they try to reconcile a gravity-defying economy with their assessment that monetary policy is...
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IMF Warns US Over Unsustainable Spending, Debt
The International Monetary Fund has upgraded its outlook for the global economy this year, saying the world appears headed for a "soft landing" - reining in inflation without much economic pain and producing steady if modest growth.
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Fed's Jefferson Open to Keeping Rates High for Longer
Federal Reserve Vice Chair Philip Jefferson suggested Tuesday that the central bank's key rate may have to remain at its peak for a while to bring down persistently elevated inflation.
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Illegals a Net Drain on, Not a Boost for, US Economy
Since 2021, it is estimated that up to 10 million immigrants have illegally entered the U.S., although some estimates are much higher. Once these people enter the country, they must find a means of support.
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