— U.S. consumer expectations for long-term inflation rose to 3.3% annualized (up from 3%), affecting consumer sentiment which is also down a bit in the latest survey.
Happy New Year all. Here are the top-of-mind headlines here at LNW as we start 2025: — U.S. credit card companies wrote off 50% more in card debt last year — total of $46
— The U.S. government will hit its borrowing limit between Jan. 14 and 23, the U.S. Treasury Secretary warned Congress and urged them to take measures to avoid default.
— The Federal Reserve lowered its key interest rate by 25 basis points (to 4.25 – 4.5%) and indicated fewer rate cuts in 2025; the 30-year mortgage shot up to 6.7%
— U.S. retail (+0.3%) and wholesale prices (+0.4%) rose more than expected in November, indicating inflation remains a concern. — The Federal Reserve is widely a
— The U.S. economy added a healthy 227,000 jobs in November, with unemployment remaining a low 4.2%; U.S. stocks hit record highs. — Oil and gold prices rose after
— More than 40% of largest global companies are including ESG performance in calculating executive pay packages, per KPMG study.
— EU Commission Estimates Green Bond Investments to Reduce Emissions by 55 Million Tons per Year. — Mortgage rates rise after home sales jump in October. —
— Powell says Fed will likely cut rates cautiously given persistent inflation pressures. — Annual inflation rate hit 2.6% in October, meeting expectations. ̵
