Where does a ‘remarkable’ US economy go from here?

Quick Summary:

America’s economy is pulling ahead of its global peers, but there are risks, including some from Trump.

Because higher Fed rates help to keep mortgage rates and other consumer borrowing costs higher, rates that linger near their current levels are likely to feel uncomfortable for Americans looking to buy a house or finance a car.

US Federal Reserve chairman Jerome Powell's news conference on Dec 18 underscored that one economic wild card is central bank policy.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChina

Topics: Policy Inflation Rates Been Higher Recent Economy Powell Policies Economic Rate

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-22 @ 10:00:00 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 1011 words

Reading Time: 6 minutes read

Sentences: 43 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 24578318

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 6 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 8 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #25

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