Jeffrey Small, President of Arbor Financial, joins Alicia Summers to discuss the impact of these numbers on consumers, the potential for rate cuts in 2025, and alternative strategies to address inflation.
Read More December Inflation Hits 2.9%, Driven By Rising Energy And Food Costs
The Democratic National Committee has brought on the social media staffers who ran Kamala Harris’s social media campaign account to combat “misinformation” from the incoming Trump administration.
Read More DNC Creates Team To Combat ‘Republican Disinformation Machine’ Ahead Of Trump’s Inauguration
Stocks dropped on Monday, with the benchmark S&P 500 at a two-month low as bond yields surged after robust payroll numbers last week.
Read More S&P 500, Nasdaq fall as investors scale back bets on Fed rate cuts in 2025
The number of Americans filing new applications for unemployment benefits fell to an 11-month low last week, pointing to a stable labor market.
Read More US weekly jobless claims fall to 11-month low as labor market remains stable
According to the Financial Times, U.S. credit card defaults increased to their highest level since the start of the 2008 Great Recession, which is a telling sign that lower-income Americans are struggling after dealing with years of high inflation.
Read More Credit Card Defaults At Highest Level Since Great Recession In 2008
With CVS, Big Lots, and other businesses closing several locations across the U.S. this year, the number of store closures is up by 69%, increasing tremendously in 2024.
Read More Retail, Chain Store Closures Have Surged 69% In 2024: Which Were Affected?