Economic Correspondent
speaker
2 appearances
1 recordings
1 series
first heard Jan 2025
last heard Jan 2025
Economic Correspondent’s voice in public audio — every appearance, attributed to the second.
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Appearances
GDP came in below the 3.1% forecast, meaning the economy is slowing down. Despite high prices, consumers are still spending at a strong pace, which helps support the economy. Inflation has dropped from its 2022 peak, but remains a worry for many households and economists.
The Federal Reserve is taking a cautious approach, signaling that interest rate cuts are unlikely in the near future, a position Trump has criticized. Meanwhile, new home sales rose in December, increasing 3.6% from the previous month, despite mortgage rates remaining at a whopping 7%.
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