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Bloomberg· 2025-12-09 10:16
President Donald Trump is headed to the Poconos for the first foray in a domestic travel push designed to address persistent voter frustration over inflation and affordability concerns https://t.co/Kc56cY8HZh ...
Why the market is pricing in a Fed rate cut for December
Yahoo Finance· 2025-12-08 18:00
Inflation and Interest Rates - September PCE report showed inflation rose 28% year-over-year, the fastest pace since spring 2024 [1] - Tariffs impacted durable goods inflation, but overall inflation is expected to decrease from nearly 3% to around 2% next year [3][4] - The market anticipates the Fed will cut rates, but some dissenters suggest a more cautious approach [6] - Long-term yields are expected to remain around 4%, potentially rising to 45%, due to sticky inflation and supply issues [37] Economic Outlook - The US economy may experience a "code red affordability moment," particularly affecting lower-income individuals and young people [2][13] - Stimulus from tax cuts, the World Cup, and the US's 250th birthday could lead to a strong economic year [9] - Consumer spending remains strong, despite concerns about affordability [16][18] - AI is estimated to contribute about 25% to GDP growth, with AI-related capital expenditure representing approximately 15% of GDP [73][72] Market Dynamics - The market may broaden beyond the "Magnificent Seven" to focus on the "Impressive 493" stocks in the S&P 500, leveraging AI for productivity gains [21] - Bitcoin is primarily a trading vehicle influenced by technical factors rather than fundamentals, with stablecoins potentially replacing its transaction function [23][25] - The labor market shows signs of cooling, with increased layoff announcements and employers limiting headcount [89] - The Beige Book indicates cooler consumer spending and hiring, along with moderate price increases [87][91]
Rep. Greene now sides with Democrats on some issues #shorts
60 Minutes· 2025-12-08 17:49
One thing she did want to talk about, Congress's failure to pass spending bills, meaning that she has found it hard to get funds for projects in her district. >> It's an utter failure, not just to the people in my district, but the every district across the country. >> We met Green, 51, in her district in Georgia.Before Congress, she ran her family's construction company, then opened up her own CrossFit gym. Affordability is a real issue. >> President says it's not. Says it's a hoax.Affordability. >> It's o ...
Real estate 2026 outlook: Why the housing market could loosen up next year
Yahoo Finance· 2025-12-08 12:01
So, let's get right into this report, Joel. So, mortgage rates, you say here, expected to stay above 6% in 2026. Your forecast, Joel, if I have this right, is 6.3% average mortgage rates next year.Let's start there, Joel. Why Why do they stay above 6%, Joel. And what does that mean for affordability next year.really we see 2026 as a year of steadying across a lot of dimensions of the housing market. Mortgage rates are one piece of that. Uh we expect uh the the Federal Reserve's cuts in December to already b ...
'I'm under no illusions': Facebook co-founder discusses Trump's new affordability pitch
MSNBC· 2025-12-08 02:47
Having a kid is expensive, and don't I know it. Donald Trump's latest pitch for helping you make parenting more affordable. Trump accounts.These are part of his big, beautiful law signed earlier this year. The law gives $1,000 to every newborn so long as their parents open an account, and parents can add an additional $5,000 per year, too. The money is invested in the stock market by private firms, and the child can access the funds when they turn 18.However, there are questions about who this program actua ...
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Bloomberg· 2025-12-07 21:01
With the holiday season in full swing, affordability is a dominant theme. In the latest CFO Briefing, finance chiefs discuss how they are responding https://t.co/qdLgt7uRfW ...
Rattner: Trump’s promise of ‘no income tax’ is “ridiculous” under basic math
MSNBC· 2025-12-07 16:40
And we're going to be giving back refunds out of the tariffs because we've taken in literally trillions of dollars and we're going to be giving uh a nice uh dividend to the people in addition to reducing debt. You won't even have income tax to pay because the money we're taking in is so great. The word affordability is a conj job by the Democrats.>> He said we stopped inflation in its tracks. Well, that's not really true. He inherited inflation at 3%.As I said, it had come way, way down. It did go down a bi ...
New Harvard Poll puts Trump at a dismal 29% approval among young voters
MSNBC· 2025-12-06 22:41
Now to a new poll of young voters that shows just 29% approve of the job President Trump is doing. But Democrats in the latest Harvard youth poll out this week are not fairing too well either. 27% of Gen Z voters say they approve of congressional Democrats.And joining me now, Florida Congresswoman Maxwell Frost and Massachusetts Congresswoman Ayanna Presley. Both Democrats are hosting the Mad Soul Music and Arts Festival today in Orlando, which brings together music and political advocacy. So, welcome to yo ...
‘The Blue wave is coming’: Clyburn predicts major midterm gains for Democrats
MSNBC· 2025-12-06 14:59
After weeks of President Trump dismissing affordability concerns as the Democratic hoax and conjob, the White House is scrambling to shift its message. On Tuesday, Trump will travel to Pennsylvania to promote his economic agenda. A reset coming as polls consistently show that Americans believe he's failing to improve the cost of living.The shift follows yet another warning sign for Republicans. A major Democratic overperformance in Tennessee's House special election on Tuesday, where affordability dominated ...
The Last Word with Lawrence O'Donnell - Dec. 5 | Audio Only
MSNBC· 2025-12-06 05:40
the last one with Allieville, she starts right now. Hey, Allie. There was so much great stuff in your show tonight, but I'm important to play that Dan Bongino clip, right? Where he just says it out there. It's like, yeah, I used to have opinions that weren't based in fact, and now I'm the deputy director of the FBI, so I have to be based in fact, but one day I'll be back in that. It's like, what are you talking about? I'm taking a brief hiatus from pushing conspiracy theories for profit. That was weird. Jus ...