US Treasury Warns Americans at Financial Breaking Point
Scott Bessent told the World Economic Forum in Davos that Americans are nearing a financial breaking point, blaming past policies and sparking economist debate.
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Scott Bessent told the World Economic Forum in Davos that Americans are nearing a financial breaking point, blaming past policies and sparking economist debate.
The US Fed cut its key rate to 3.75–4% amid a month-long government shutdown, aiming to support growth even as uncertainties rise.
The Fed cuts rates by 25bps to 4.004.25%, first cut since Dec 2024. What this means for young investors and the U.S. economy.
In his annual Jackson Hole speech, Fed Chair Jerome Powell hinted at possible rate cuts while balancing tariffs and inflation risks.
At Jackson Hole, the Fed held firm on monetary policy even as new tariffs start to drive up costs for businesses and consumers.
President Trump orders a Section 232 probe on furniture imports to strengthen US manufacturing, create jobs, and address rising home furnishing costs.
US retail beef prices hit record highs in July, jumping over 10% year-on-year due to a shrinking cattle herd and strong consumer demand.
Economist Michael Strain warns tariffs are driving U.S. inflation above the Fed’s target, with the full impact yet to unfold.
Yale Budget Lab president Natasha Sarin warns US tariffs shift resources to less productive sectors, raise prices, and stifle growth for a persistently smaller economy.
Discover how contrasting trade policies—Chinese mainland opening markets vs. U.S. restrictions—are reshaping global trade.