Wall Street Journal (November 13)
“South of the border, China is ascendant,” having successfully “capitalized on U.S. indifference in Latin America.” The world’s second most populous nation has now “replaced the U.S. as the dominant trading partner for most big economies, with the exceptions of Mexico and Colombia.” Beijing has also “signed up most of Latin America and the Caribbean to an infrastructure program that excludes the U.S.”
Tags: Ascendant, Big economies, Border, Capitalized, China, Colombia, Dominant, Indifference, Latin America, Mexico, Trading partner, U.S.
Reuters (November 8)
“The unique exposure of Ireland’s low-tax business model to the United States could place its public finances at significant risk under a Donald Trump presidency.” The president-elect has promised “to incentivise industries to bring production back to the United States, and to slash the corporate tax rate to Irish levels.” This could “prove existential for Ireland’s decades-old model of attracting jobs and tax dollars from U.S. multinationals.”
Tags: Business model, Corporate tax rate, Existential, Exposure, Ireland, Jobs, Low-tax, Production, Public finances, Risk, Slash, Trump, U.S., Unique
Reuters (November 1)
“The U.S. dollar will hold on to its recent strength over coming months on robust domestic economic data and continued scaling back of bets for Federal Reserve interest rate cuts” according to a recent Reuters poll.”
Tags: Coming months, Cuts, Dollar, Economic data, Fed, Interest rate, Poll, Recent strength, Reuters, Robust, Scaling back, U.S.
CNN (October 30)
“The US economy seems to have pulled off a remarkable and historic achievement.” James Bullard, the former president of the Federal Reserve Bank of St. Louis, is among the “economists and officials who told CNN the economy has finally pulled off” a soft landing. “That scenario, in which inflation is tamed without a recession” would mark “an exceptionally rare achievement.”
Tags: Bullard, Economists, Economy, Fed, Historic, Inflation, Officials, Rare, Recession, Remarkable, Soft landing, St. Louis, Tamed, U.S.
Financial Times (October 22)
The International Monetary Fund (IMF) has warned that “greater global protectionism will endanger the world’s growth outlook… as a possible Donald Trump victory in next month’s US election raises the prospect of sharp tariff increases.” The IMF’s World Economic Outlook warns that “if higher tariffs hit a ‘sizeable swath’ of world trade by mid-2025, it would wipe 0.8 per cent from economic output next year and 1.3 per cent in 2026.” If, however, widespread tit-for-tat measures ensue, the results could be considerably more destructive.
Tags: 2025, Economic output, Election, Endanger, Global protectionism, Growth outlook, IMF, Tariffs, Tit-for-tat, Trump, U.S., Victory, Warned, World trade
Bloomberg (October 21)
“The global economy is heading toward year end with unexpected tailwinds as slowing inflation clears a path for an unlikely soft landing. But while the economics side of the equation is looking up, political hurdles lie ahead.” The biggest hurdle may be the U.S. election. “The resilience of the world’s major economies is about to be tested” if Trump is elected and institutes his tariff program.
Tags: Economics, Election, Global economy, Inflation, Major economies, Political hurdles, Resilience, Soft landing, Tailwinds, Trump, U.S., Unexpected
Washington Post (October 12)
“A second catastrophic hurricane in as many weeks has forced the U.S. government to grapple with a harsh reality: Climate calamities are becoming more frequent, deadly and costly in a country already facing massive fiscal challenges.” With the ballooning U.S. national debt already exceeding $35 trillion, “budget experts agree that climate change threatens to add to these woes, harming economic output while forcing the government to spend more, and generate less, as it grapples with the consequences of dangerous emissions.”
Tags: $35 trillion, Calamities, Catastrophic, Climate change, Costly, Deadly, Economic output, Fiscal challenges, Frequent, Government, Grapple, Harsh, Hurricane, National debt, U.S.
Washington Post (October 10)
“By just about every measure, the U.S. economy is in good shape. Growth is strong. Unemployment is low. Inflation is back down. More important, many Americans are getting sizable pay raises, and middle-class wealth has surged to record levels.” And yet the lingering effects of inflation seem to have blinded many to the fact that “we are living through one of the best economic years of many people’s lifetimes.”
Tags: Best, Economy, Growth, Inflation, Lingering, Middle class, Pay raises, Record levels, Strong, Surged, U.S., Unemployment, Wealth
Bloomberg (October 7)
“The ‘no landing’ scenario–a situation where the US economy keeps growing, inflation reignites and the Federal Reserve has little room to cut interest rates–had largely disappeared as a bond-market talking point in recent months.” After “setting up for slowing growth,” traders are undergoing another “wrenching recalibration” on the heels of a “blowout” jobs report “showing the fastest job growth in six months, a surprising drop in US unemployment and higher wages.” Treasury yields surged and investors are “furiously reversing course on bets for a larger-than-normal half-point interest-rate reduction.”
Tags: Blowout, Bond market, Economy, Fed, Growing, Inflation, Interest rates, Jobs, No landing, Recalibration, Scenario, Traders, Treasury yields, U.S., Unemployment, Wages
Inc. (October 4)
There was “a collective sigh of relief from U.S. business owners and economic officials” with Thursday’s agreement “to send 45,000 striking longshoremen back to work, and reopen nearly 40 East and Gulf Coast ports that had been closed since Tuesday.” The move “allows nearly half of the nation’s imports and exports to begin flowing again, and avoid the serious blow to retailers and industrial companies—and the wider economy—that could have occurred if the walkout had continued.”
Tags: Agreement, Business, East coast, Exports, Imports, Industry, Longshoremen, Officials, Owners, Ports, Relief, Reopen, Retailers, Striking, U.S.
