What Trump Is Aiming to Achieve With His New Tariff Plans
After promising during his election campaign to put import taxes back at the center of US economic policy during his second term as president, President Donald Trump took a dramatic step in that direction on Feb. 1. Trump signed orders imposing across-the-board tariffs of 25% on imports from Canada and Mexico and 10% from China. The tariffs will take effect at 12:01 am on Tuesday, Feb. 4.
Federal Reserve Holds Interest Rates at 4.25 to 4.5 Percent Range
The Federal Reserve chose to hold banking interest rates steady at a range of 4.25 to 4.5 percent. This was done by a unanimous vote from the Federal Open Market Committee, the panel of Fed officials that reviews the central bank’s exchange rate eight times per year.
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https://www.wsj.com/economy/us-gdp-economy-fourth-quarter-2024-9ccb1816
U.S. GDP Grew 2.5% in 2024, but Slowed Slightly in Final Quarter - WSJ - The Wall Street Journal
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The future workforce needs affordable housing: Bruce Mosler
Cushman & Wakefield Chairman of Global Brokerage Bruce Mosler discusses President Donald Trumps impact on commercial real estate and how Americans are handling 7 percent mortgage rates.