New York Times (December 1)
“Investors had been growing more optimistic that the Fed will cut interest rates at next week’s meeting” while holiday sales “also bolstered the rally.” Still, “the consumer is still a major concern…. Analysts at Goldman Sachs and Bank of America have flagged that a recent rise in spending may be masking a concerning economic undercurrent: Many lower-income consumers are struggling with stubbornly high inflation and an uncertain labor market.”
Tags: Analysts, BoA, Consumer, Fed, GS, Holiday sales, Inflation, Interest rates, Investors, Labor market, Lower-income, Optimistic, Rally, Spending, Struggling, Undercurrent
Wall Street Journal (November 29)
“Anti-Ukraine voices in Congress, the Administration and the pundit class cite Kyiv’s corruption as worthy of unique condemnation.” But they are simply using it as an “excuse to abandon Ukraine,” which they hold to an artificially high standard. “Corruption deserves to be policed and punished. But U.S. support for Ukraine deserves to be judged by overall American interests, and the highest interest is national security.”
Tags: Abandon, Condemnation, Congress, Corruption, Excuse, Interests, National security, Policed, Punished, Support, U.S., Ukraine
