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In September, officials saw GDP growth at 2.0% in 2025, 2026, and 2027. It also revised its previous forecast of 2.0% growth in 2024 to 2.5%. Alexandra Canal is a Senior Reporter at Yahoo Finance.
President-elect Donald Trump is scheduled to assume office as the 47th president of the United States on January 20, 2025. The president has the authority to nominate members of his cabinet to the United States Senate for confirmation under the Appointments Clause of the United States Constitution .
The Fed's dot plot is a chart that records each Fed official's projection for the central bank's key short-term interest rate. ... down from the median estimate of three cuts just last March ...
January 3, 2025, 12 p.m. EST: Congress convenes. Members-elect of the United States Senate and the United States House of Representatives are sworn in. Mike Johnson is re-elected House speaker. [2] January 6, 2025: Joint session to count electoral votes and certify the 2024 United States presidential election.
The Fiscal Responsibility Act of 2023, passed in June 2023, resolved that year's debt-ceiling crisis and set spending caps for FY2024 and FY2025. The act called for $895 billion in defense spending and $711 billion in non-defense discretionary spending for fiscal year 2025, representing a 1% increase over fiscal year 2024. [10]
Inflation remains sticky, according to a new reading on consumer prices, but some market watchers don’t think it’s sticky enough to knock the Federal Reserve off course for a rate cut this ...
Project 2025's blueprint includes repealing the Inflation Reduction Act, which offers $370 billion for clean technology, closing the Loan Programs Office and the Office of Clean Energy Demonstrations at the Department of Energy, eliminating climate change mitigation from the National Security Council's agenda, and encouraging allied nations to ...
Airline travel in 2025 is set to become more dignified for passengers with disabilities under a new Department of Transportation rule. U.S. Transportation Secretary Pete Buttigieg on Monday ...