U.S. Debt Reaches a Record $36 Trillion: Implications for the Economy and Investors

... intensify. Should inflation continue upward, the Fed may need to raise rates even further, which would add to debt-servicing costs and restrict borrowing for businesses and consumers. Budget Constraints and Slower Economic Growth A significant portion ... ... prospects may suffer since fewer resources are directed toward future development. Jerome Powell’s Statement and Potential Debt Reduction Measures Federal Reserve Chairman Jerome Powell has recently called the current level of national debt unsustainable,...

Modified: 11/15/2024
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Wednesday, November 20, 2024: Key Economic Events of the Day

... and recommendations for investors. Economic Events: China's Loan Prime Rate (LPR) Announcement (04:15 GMT) China is set to release its decision on the Loan Prime Rate, a benchmark for lending rates in the country. Any adjustment could affect borrowing costs and economic activity within China. Impact on Europe: As a major trading partner, Europe's export-driven industries may experience shifts in demand based on China's economic policies. A reduction in the LPR could stimulate Chinese demand for European goods, benefiting sectors such as automotive and luxury goods. Impact on the United States: The U.S. economy, with its substantial trade ties to China, could see changes in export volumes ...

Modified: 11/19/2024
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