BESSENT: IF TRUMP’S 2017 TAX CUTS ARE NOT RENEWED, U.S. WILL FACE ECONOMIC CALAMITY
Day: January 16, 2025
📰 BESSENT: WE WILL SEE A GIGANTIC MIDDLE CLASS TAX INCREASE IF TAX CUTS ARE NOT EXTENDED
BESSENT: WE WILL SEE A GIGANTIC MIDDLE CLASS TAX INCREASE IF TAX CUTS ARE NOT EXTENDED
📰 TRUMP’S U.S. TREASURY PICK SCOTT BESSENT SAYS U.S. GOVT HAS SIGNIFICANT SPENDING PROBLEM -U.S. SENATE CONFIMRATION HEARING
TRUMP’S U.S. TREASURY PICK SCOTT BESSENT SAYS U.S. GOVT HAS SIGNIFICANT SPENDING PROBLEM -U.S. SENATE CONFIMRATION…
📰 IRAQ WANTS GOOD RELATIONS WITH U.S UNDER TRUMP, FM SAYS
IRAQ WANTS GOOD RELATIONS WITH U.S UNDER TRUMP, FM SAYS
📰 TRUMP ADVISER SAYS INCOMING ADMINISTRATION WILL KEEP TIKTOK FROM GOING DARK “AS LONG AS A VIABLE DEAL IS ON THE TABLE” — FOX NEWS INTERVIEW
TRUMP ADVISER SAYS INCOMING ADMINISTRATION WILL KEEP TIKTOK FROM GOING DARK “AS LONG AS A VIABLE…
📰 FED’S WALLER: DON’T THINK TARIFFS WILL HAVE A SIGNIFICANT IMPACT ON INFLATION
FED’S WALLER: DON’T THINK TARIFFS WILL HAVE A SIGNIFICANT IMPACT ON INFLATION
📰 HALF OF AMERICANS OPPOSE TRUMP’S PLEDGE OF 25% TARIFF ON CANADA IMPORTS Polling of U.S. households by a Canadian pollster suggests half of Americans oppose a 25% tariff on imports from Canada. Angus Reid Institute says one-quarter of Americans endorse the 25% tariff on Canada, whereas 50% are against. Angus Reid says opposition among Trump supporters climbs when informed that the 25% tariff, when applied to Canadian energy products, could lead to a 30-cent to 70-cent increase in the cost of a gallon of gas. Meanwhile, Angus Reid says about 60% of Canadians would support equivalent trade retaliation, in the form of a 25% tariff on U.S. imports. Canadian officials are eyeing potential retaliatory tariffs on up to $150 billion on U.S. imports in the event President-elect Trump follows through on his pledge
HALF OF AMERICANS OPPOSE TRUMP’S PLEDGE OF 25% TARIFF ON CANADA IMPORTS Polling of U.S. households…
📰 TEN-YEAR TREASURY YIELD EXPECTED TO DECLINE The U.S. economy enters 2025 “with a strong head of steam,” but the outlook “is clouded by the potential for changes in U.S. trade policy,” Wells Fargo economists write. They forecast the Fed cutting twice this year, after a prolonged hold. It will then “keep its target range for the federal funds unchanged at 3.75%-4% throughout 2026,” they say. A lot will depend on upcoming Trump policies and forecasts will adjust as they surface. For now, Wells Fargo expects the 10-year Treasury yield to end this year at 4.25%, declining from 4.68% at the moment
TEN-YEAR TREASURY YIELD EXPECTED TO DECLINE The U.S. economy enters 2025 “with a strong head of…
📰 WALLER: IF NUMBERS CONTINUE LIKE THIS REASONABLE TO THINK RATE CUTS COULD COME IN FIRST HALF OF YEAR
WALLER: IF NUMBERS CONTINUE LIKE THIS REASONABLE TO THINK RATE CUTS COULD COME IN FIRST HALF…
📰 WALLER: COULD START RATE CUTS SEVERAL MONTHS FROM NOW IF CURRENT EXPECTATIONS ABOUT INFLATION ARE MET
WALLER: COULD START RATE CUTS SEVERAL MONTHS FROM NOW IF CURRENT EXPECTATIONS ABOUT INFLATION ARE MET