Congressional party leaders reach 'consensus' on aid to Israel and Ukraine, Schumer says
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During a call between President Joe Biden and congressional leaders, there was 'consensus' that Congress needs to act quickly to send aid to both Israel and Ukraine. Israeli Prime Minister Benjamin Netanyahu and the country's war cabinet have met several times since Iran's attack, and at least two retaliatory strikes against Iran were previously aborted. Israel launched missiles in a retaliatory strike against Iran, following Iran's attack where the country sent a volley of more than 300 uncrewed drones and missiles toward targets throughout Israel. Israel's Iron Dome defense system intercepted 99% of the threats launched by Iran. Flights to Tehran, Isfahan, and Shiraz have been suspended after an explosion was heard in the city of Qahjavaristan. Israeli missiles have hit a site in Iran, but it is unclear if Syria and Iraq sites were hit as well. US officials expressed concerns over the Israeli military's plans for an operation in Rafah in Gaza. Israel has made significant progress in preparations for the evacuation of around 1 million civilians from Rafah ahead of the impending operation. Senate Majority Leader Chuck Schumer said there was 'consensus' that Congress needs to act quickly to send aid to both Israel and Ukraine.

#Israel #Ukraine #Aid #Congress #Iran #RetaliatoryStrikes #IronDome #Explosion #Rafah #Evacuations

https://abcnews.go.com/International/live-updates/israel-gaza-hamas-war/congressional-party-leaders-reach-consensus-on-aid-to-israel-and-ukraine-schumer-says-109222982?id=108860743


Israel-Gaza live updates: Israel retaliates against Iran, US official says
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Israel had planned and then aborted at least two retaliatory strikes against Iran this week. Israel launched missiles in a retaliatory strike against Iran. Iran launched 170 unmanned aerial vehicles (UAVs), more than 120 ballistic missiles, and more than 30 cruise missiles in the attack on Israel. Flights to Tehran, Isfahan, and Shiraz have been suspended following reports of an explosion in Qahjavaristan, Iran. Israeli missiles have hit a site in Iran. In a meeting between U.S. and Israeli officials, the two sides discussed the attack by Iran and the Israeli military's plans for an operation in Rafah in Gaza. Israel has made significant progress in preparations for the evacuation of around 1 million civilians from Rafah ahead of the Israeli military's impending operation in the southern Gaza city.

#Israel #Gaza #Iran #Retaliation #Missiles #Attack #Evacuation

https://abcnews.go.com/International/live-updates/israel-gaza-hamas-war/?id=108860743


'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
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European Union leaders are debating a new 'European Competitiveness Deal' aimed at helping the 27-nation bloc close the gap with Chinese and American rivals. The EU's share of the world's largest economies has diminished over the past 30 years, and the region is feeling pressure from U.S. and Chinese efforts to support domestic production through subsidies and tax breaks. The proposal includes an EU-wide effort to subsidize industrial companies in response to U.S. subsidies for environmentally friendly technology and China's subsidies for electric cars and solar panels. The former president of the European Central Bank, Mario Draghi, said the EU lacks a clear strategy to answer the challenges proposed by Chinese and American rivals in key industries. The report also calls for better integrating the bloc's financial markets and increasing the capacities of the European Investment Bank to invest in strategic sectors. EU rules restrict member governments' aid to companies to avoid distorting business competition across the 27-member union's free trade zone. The proposal suggests requiring countries to use a chunk of such aid for EU-wide projects instead of purely national ones.

#Eu #Competitiveness #China #Us #Subsidies #Investment #RenewableEnergy #GreenTechnology #FinancialMarkets #EuropeanInvestmentBank

https://abcnews.go.com/Business/wireStory/time-waste-eu-leaders-boost-competitiveness-close-gap-109375044


Stock market today: Asian shares track Wall Street slump triggered by strong US spending data
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Asian shares skidded following a slump on Wall Street after higher yields in the U.S. bond market cranked up pressure on stocks. The Shanghai Composite index lost 1.7% to 3,007.07. The Hang Seng in Hong Kong lost 2.1% to 16,248.97. Tokyo's Nikkei 225 fell 1.9% to 38,471.20. Taiwan's Taiex led the regional decline, falling 2.7%. In South Korea, the Kospi declined 2.3% to 2,609.63, while Australia's S&P/ASX 200 fell 1.8% to 7,612.50. On Monday, the S&P 500 tumbled 1.2% to 5,061.82, following up on its 1.6% loss from last week. The Dow Jones Industrial Average dropped 0.7% to 37,735.11, and the Nasdaq composite slumped 1.8% to 15,885.02. The slump was triggered by strong US spending data, which raised hopes for growing profits at companies but also hurt prospects for easier interest rates from the Federal Reserve. Traders are now broadly forecasting just one or two cuts to rates this year, down from expectations for six or more cuts at the start of this year. High interest rates and bond yields hurt prices for all kinds of investments, particularly those that look expensive or those that compete for the same kinds of investors as bonds do. Big Tech stocks like Apple, Nvidia, and Microsoft felt pressure when yields are rising. In the oil market, a barrel of U.S. crude for May delivery slipped 10 cents to $85.31 per barrel. Brent crude, the international standard, shed 8 cents to $90.02 per barrel.

#StockMarket #AsianShares #WallStreet #UsSpendingData

https://abcnews.go.com/US/wireStory/stock-market-today-asian-shares-track-wall-street-109293273


'Traumatizing': Family calls for justice after teen holding toy gun shot by Akron police officer
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The family of a 15-year-old named Tavion Koonce-Williams is calling for justice and accountability after he was shot by an Akron, Ohio, police officer while holding a toy gun. The incident occurred on April 1, 2024, and the teenager was treated for his injuries. The Ohio Bureau of Criminal Investigation is currently investigating the incident. The family held a press conference where they demanded accountability from the Akron Police Department and compared the incident to the case of Tamir Rice, a 12-year-old who was shot and killed by a Cleveland police officer in 2014 while holding a toy gun. Body camera footage released by the city of Akron shows the officer, identified as Ryan Westlake, arriving on the scene and shooting the teen in the wrist. The officer has been placed on paid administrative leave. The Akron Police Department released Westlake's personnel file, which revealed previous disciplinary actions and use of force incidents. The family's attorney called for Westlake's termination and the release of his complete personnel file. The Akron Fraternal Order of Police expressed confidence that the officer's actions would be deemed justified once all the facts are released. The investigation is being conducted by the Ohio Bureau of Criminal Investigation and the findings will be turned over to the Ohio Attorney General's Office for review.

#PoliceShooting #Akron #ToyGun #Investigation #PressConference

https://abcnews.go.com/US/traumatizing-family-calls-justice-after-teen-holding-toy/story?id=109162027


How immigrant workers in US have helped boost job growth and stave off a recession
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Millions of jobs that new immigrants have been filling in the United States appear to solve a riddle that has confounded economists for at least a year: How has the U.S. economy managed to prosper, adding hundreds of thousands of jobs, month after month, at a time when the Federal Reserve has aggressively raised interest rates to fight inflation — normally a recipe for a recession? The influx of foreign-born adults vastly raised the supply of available workers after a U.S. labor shortage had left many companies unable to fill jobs. More workers filling more jobs and spending more money has helped drive economic growth and create still-more job openings. The availability of immigrant workers eased the pressure on companies to sharply raise wages and to then pass on their higher labor costs to their customers via higher prices that feed inflation. The boom in immigration caught almost everyone by surprise. In 2019, the Congressional Budget Office had estimated that net immigration — arrivals minus departures — would equal about 1 million in 2023. The actual number, the CBO said in a January update, was more than triple that estimate: 3.3 million. Over the past four years, the number of prime-age workers who either have a job or are looking for one has surged by 2.8 million. And nearly all those new labor force entrants — 2.7 million, or 96% of them — were born outside the United States. Immigrants last year accounted for a record 18.6% of the labor force, according to the Economic Policy Institute’s analysis of government data. A study by Wendy Edelberg and Tara Watson, economists at the Brookings Institution’s Hamilton Project, has concluded that over the past two years, new immigrants raised the economy’s supply of workers and allowed the United States to generate jobs without overheating and accelerating inflation. Critics counter that a surge in immigration can force down pay, particularly for low-income workers, a category that often includes immigrants who have lived in the United States longer. Ernie Tedeschi, a visiting fellow at Georgetown University's Psaros Center and a former Biden economic adviser, calculates that the burst of immigration has accounted for about a fifth of the economy's growth over the past four years.

https://abcnews.go.com/Business/wireStory/healthy-us-economys-secret-ingredient-immigrant-workers-eager-109158924


Biden praises Prime Minister Kishida's leadership and Japan's growing international clout
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President Joe Biden praised Prime Minister Fumio Kishida's "bold" leadership on a series of global crises as he welcomed the Japanese leader to the White House. The visit included discussions on the security situation in the Pacific, the war in Ukraine, the Israel-Hamas conflict, and more. The visit marks the completion of the Democratic administration's focus on elevating the Quad partnership between the U.S., Japan, Australia, and India. Biden emphasized the unbreakable alliance between Japan and the United States and Japan's growing international influence. Kishida announced that Japan is giving 250 cherry trees to the U.S. to mark America's 250th birthday in 2026. Both Biden and Kishida are facing political challenges at home. The leaders announced plans to upgrade U.S.-Japan military relations, focusing on improving interoperability and planning between the two countries' forces. They also confirmed Japan's participation in NASA's Artemis moon program and its contribution of a moon rover. Biden praised Japan's increase in defense spending and its support in the aftermath of Russia's invasion of Ukraine. The leaders expressed openness to direct talks between Japan and North Korea over the abduction of Japanese citizens. Kishida will participate in a U.S.-Japan-Philippines summit to discuss China's aggressive actions in the region.

#JoeBiden #FumioKishida #Japan #Quad #Security #Ukraine #IsraelhamasConflict #CherryTrees #UsjapanMilitaryRelations #Nasa #ArtemisMoonProgram #NorthKorea #China #Philippines

https://abcnews.go.com/US/wireStory/biden-honor-pm-kishida-reflect-japans-growing-clout-109074159


US consumer sentiment falls slightly as outlook for inflation worsens
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The University of Michigan's consumer sentiment index fell to 77.9 this month, down from March's figure of 79.4. Americans' outlook on the economy remains largely unchanged this year. The decline in sentiment may be due to an increase in gas prices, which have risen about 7% in the past month. Consumers expect inflation to be 3.1% a year from now, exceeding the Federal Reserve's 2% target but still below the current level of 3.5%.

#UsEconomy #ConsumerSentiment #Inflation #GasPrices

https://abcnews.go.com/US/wireStory/us-consumer-sentiment-falls-slightly-outlook-inflation-worsens-109164475


China's exports tumble 7.5% in March and imports also fall as demand slows
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China's exports contracted 7.5% in March, while imports slipped 1.9%. In the January-February period, exports rose 7.1% year-on-year while imports climbed 3.5%. China posted a trade surplus of $58.55 billion in March. The decline in exports partly reflected a higher base of comparison with March 2023. Weakness in exports would be a further drag on growth. Export volumes are expected to rise more slowly this year, while imports are expected to gain momentum. China has set a target of around 5% for economic growth this year. The latest data belie worries that China might ramp up its exports to help meet its growth target. Exporters have been slashing prices to increase their sales abroad. Consumer prices grew only 0.1% in March while producer prices declined 2.8%, suggesting weakness in demand relative to supply.

#China #Exports #Imports #Demand #EconomicGrowth

https://abcnews.go.com/International/wireStory/chinas-exports-tumble-75-march-imports-fall-demand-109157985


Consumers would be notified of AI-generated content under Pennsylvania bill
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Pennsylvania state representatives have approved a bill requiring that consumers be notified when artificial intelligence is used to generate content. The bill would change the state's Unfair Trade Practices and Consumer Protection Law to require "clear and conspicuous disclosure" when artificial intelligence has been used to create written text, images, audio or video. Violators would have to knowingly or recklessly post AI content. Another provision of the bill prohibits defendants from arguing that child sexual abuse material created by artificial intelligence isn't illegal under criminal laws. Public disclosure of AI’s use is an emerging theme across hundreds of state bills in U.S. legislatures that seek to regulate the new technology.

#Ai #Pennsylvania #Legislation

https://abcnews.go.com/US/wireStory/consumers-notified-ai-generated-content-pennsylvania-bill-109102998


A look into the long history of the Israeli-Palestinian conflict
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The Israeli-Palestinian conflict has a long history dating back to the early 1900s. In 1917, the Balfour Declaration promised a 'national home' for Jewish populations in Palestine. The region was placed under British rule after World War I, leading to clashes between Palestinian Arabs and Jewish migrants. In 1947, the United Nations adopted a resolution to partition Palestine into two states, leading to the creation of Israel in 1948 and the displacement of Palestinians. The Six-Day War in 1967 resulted in Israel capturing Palestinian territories. In 1987, the first Palestinian uprising occurred, followed by a second uprising in 2000. Israel disengaged from the Gaza Strip in 2005, leading to Hamas taking control. The ongoing conflict has resulted in thousands of deaths and has led to humanitarian concerns in Gaza. In 2023, Hamas launched a surprise attack on Israel, resulting in a bombing campaign and siege of Gaza.

#IsraelipalestinianConflict #History #BalfourDeclaration #Partition #SixdayWar #Uprising #GazaStrip #Hamas

https://abcnews.go.com/International/timeline-long-history-israeli-palestinian-conflict/story?id=103875134


At a rally for freeing the Israeli hostages, a call for peace in Israel and Gaza: Reporter's notebook
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The article discusses the ongoing hostage crisis in Israel and Gaza, six months into the Israel-Hamas war. It mentions that more than 200 Israelis were presumed to have been taken captive in Gaza after a terror attack by Hamas in Israel on October 7, 2023. So far, 112 hostages have been released, leaving an estimated 131 hostages remaining in Gaza. The article covers various rallies and protests calling for the release of the hostages and a ceasefire in Gaza. It highlights the concern within the American Jewish community for the hostages and the calls for peace in Gaza. One speaker at a rally called for American political pressure on the Israeli government to accept a proposed hostage release and ceasefire deal. The speaker also emphasized the need to ease the hunger and suffering in Gaza. The article concludes by mentioning the dire situation in Gaza and the ongoing war between Israel and Hamas.

#Israel #Gaza #HostageCrisis #Peace #Rally

https://abcnews.go.com/International/rally-freeing-israeli-hostages-call-peace-israel-gaza/story?id=109036235


Internet providers must now be more transparent about fees, pricing, FCC says
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New FCC rules require internet providers to be transparent about the cost and performance of their internet service packages. The rules, similar to nutritional labels on products, will provide easy-to-understand information about pricing, data allowances, speeds, and fees. The labels will be required to appear at any point of sale, including online and in stores. The Biden administration has been cracking down on 'junk fees' across industries. Providers that do not comply with the rules may face consumer complaints filed with the FCC. Some providers with less than 100,000 subscribers have until October 10, 2024, to comply.

#Fcc #InternetServiceProviders #Transparency #Pricing #Fees

https://abcnews.go.com/Technology/wireStory/internet-providers-now-transparent-fees-pricing-fcc-109073894


Some states are seeking to restrict TikTok. That doesn't mean their governors aren't using it
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Efforts to ban TikTok from government devices have picked up steam in the past year in state legislatures and Congress even as politicians continue to use it to connect with and expand their base. Pennsylvania Gov. Josh Shapiro, a Democrat, is a prolific TikTok poster, with his efforts beginning on the campaign trail through a personal account. Other governors use TikTok accounts — among verified accounts, only Democrats — even in states that have banned the app from state devices and networks. TikTok is part of the government's outreach strategy to reach the youth vote. The app was banned in Michigan from government devices, but Democratic Gov. Gretchen Whitmer has an exemption for her promotional account. In New Jersey, a government-affiliated app posts jokes and memes. TikTok is seen as a personal and engaging way for politicians to connect with voters. Researchers found over 100 TikTok accounts for those running for Congress in 2022, with a majority being Democrats.

#Tiktok #GovernmentDevices #StateLegislatures #Governors #YouthVote

https://abcnews.go.com/US/wireStory/states-seeking-restrict-tiktok-governors-108921050


Yellen says US-China relationship on 'more stable footing' but more can be done to improve ties
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U.S. Treasury Secretary Janet Yellen met with Chinese Premier Li Qiang and highlighted the improvement in relations since her visit to China last year. Yellen stated that while more needs to be done, the bilateral relationship has been put on a more stable footing. The U.S. has restricted China's access to advanced technology, citing concerns about military use, while China accuses the U.S. of trying to constrain its economic development. Yellen's visit aims to build on the fragile stability that has been established. The U.S. and China agreed to hold intensive exchanges on more balanced economic growth and combating money laundering. Yellen also addressed the U.S. relationship with China on the subject of Russia, stating that there has been meaningful progress in cooperation. Yellen also met with Beijing Mayor Yin Yong and emphasized the critical role of local governments in China's economy.

https://abcnews.go.com/International/wireStory/yellen-us-china-relationship-stable-footing-improve-ties-108953483


In war-torn Ukraine, officials and businesses voice concern about job vacancies
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Ukraine is facing a shortage of workers as it aims to mobilize up to 500,000 troops in the war against Russia. The government needs to find three million taxpayers to support the troops. Businesses are struggling to find a workforce, with a shortage of qualified specialists and a significant number of employees leaving the country or being called up for mobilization. Ukraine needs at least 4.5 million workers, with the biggest deficits in defense industries, construction, medical services, agriculture, and retail. The Silpo supermarket chain has faced challenges in finding employees in front-line cities due to Russian missile strikes. The company has implemented a support center for employees and changed its training programs to adapt to the situation. Small businesses are also struggling to find people for vocational jobs. The unemployment rate in Ukraine remains at the pre-war level, but some professions are not in high demand or offer lower salaries. Despite the challenges, businesses in Ukraine remain optimistic about their future and are investing in reconstruction and development. The government aims to stimulate Ukrainians to return home from abroad but has not yet implemented a comprehensive program for bringing them back.

#Ukraine #JobVacancies #Workforce #Mobilization #Businesses #Silpo #Unemployment

https://abcnews.go.com/International/war-torn-ukraine-officials-businesses-voice-concern-job/story?id=108834995


Joe Brennan, Democratic former governor of Maine and US congressman, dies at 89
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Joe Brennan, a Democratic former governor of Maine and US congressman, died at the age of 89. Brennan, who served two terms as governor and two terms in the US House, passed away at his home in Portland, Maine. He grew up in a working-class neighborhood and entered politics at age 29. Brennan was an Army veteran, attended Boston College and the University of Maine Law School, and served as a county district attorney and state attorney general. He played a role in negotiating the Maine Indian Land Claims Settlement Act of 1980 and implemented education reforms as governor. Brennan appointed Janet Mills as the first woman to serve as district attorney, who later became Maine's first female governor. He also appointed George Mitchell, who went on to become majority leader in the Senate. Brennan was remembered as a man of integrity and a dedicated public servant.

#JoeBrennan #Maine #UsCongressman #Governor #Death

https://abcnews.go.com/US/wireStory/joe-brennan-democratic-former-governor-maine-us-congressman-108947603


Beneath the calm, Hong Kong's new security law drives deeper, quieter changes
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Life in Hong Kong appears unchanged on the surface after the new national security law took effect. However, there is a deeper wave of adaptation among residents who are living under the threat of more extensive restrictions. The law has led to an increase in inquiries about emigration, with more than half of those asking citing the new ordinance as a reason. Many pro-democracy activists have been arrested, silenced, or forced into exile since the 2020 law was imposed. Civil society groups have been disbanded and outspoken media outlets have been shut down. The law targets colluding with external forces, unlawful disclosure of state secrets, sabotage, and espionage. Sedition offenses carry a sentence of up to seven years, or 10 years if working with foreign governments or organizations. The law has prompted adjustments in the legal and business communities, with some companies restricting access to global databases and reviewing whether sensitive roles should be moved elsewhere. Hong Kong's government defends the law, stating that it improves the city's legal framework for safeguarding national security. However, critics argue that it infringes on freedom of speech and press freedom. Residents are adopting coping strategies seen on mainland China, avoiding voicing opinions that might get them in trouble. The U.S.-funded news outlet Radio Free Asia has closed its Hong Kong bureau due to safety concerns under the new legislation. Overall, there is a desire among some residents to move on from the topic of national security and focus more on the real economy and business.

#HongKong #NationalSecurityLaw #Protests #FreedomOfSpeech #PressFreedom #Emigration

https://abcnews.go.com/International/wireStory/beneath-calm-hong-kongs-new-security-law-drives-108913809


Biden to visit site of Baltimore's Francis Key Scott Bridge collapse
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President Joe Biden will visit the site of the Francis Scott Key Bridge collapse in Baltimore on Friday to meet with officials and get an "on-the-ground look at federal response efforts." Biden will meet with the loved ones of the six workers killed during the bridge collapse. The container ship Dali struck the Francis Scott Key Bridge on March 26, partially collapsing the bridge. Six construction workers are believed to have fallen from the collapsing bridge into the frigid waters of the Patapsco River. Two bodies have been recovered, while four remain unaccounted for and are presumed dead. Biden will be joined by Maryland Gov. Wes Moore, Transportation Secretary Pete Buttigieg, and other Baltimore officials during his trip. The White House has approved $60 million in emergency funding for Baltimore's rebuilding efforts. The Francis Scott Key Bridge has an annual traffic volume of 11.3 million vehicles. The crash appeared to be accidental, not intentional. The Singaporean company that operates the ship should have "limited liability" in the aftermath of the crash, according to lawyers representing the company.

#JoeBiden #FrancisScottKeyBridge #Baltimore #BridgeCollapse #EmergencyFunding

https://abcnews.go.com/Politics/biden-visit-site-baltimore-francis-key-scott-bridge-collapse/story?id=108853313


Cosmic yoga, portable toilets: Solar eclipse will deliver 'tourism boom' for economy
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The total solar eclipse set to take place on April 8, 2024, is expected to generate a surge of spending to the tune of at least hundreds of millions of dollars. As many as four million people will travel to the path of totality for the eclipse, making it the largest travel day of the year. Travelers will mainly spend money on gas, lodging, and food, generating between $372 million and $1.5 billion in economic activity. The eclipse is expected to bring more than $24 million in spending to Maine and more than $600 million to Texas. Arkansas could see nearly $50 million in economic activity. The economic benefits will be limited by the lodging and restaurant capacity of the regions involved. Portable toilet vendors are experiencing high demand, with one company in Indiana renting out 200 portable toilets on the day of the eclipse.

#SolarEclipse #Tourism #Economy #Travel #Spending

https://abcnews.go.com/Business/cosmic-yoga-portable-toilets-solar-eclipse-deliver-tourism/story?id=108756150


Powell: Fed still sees rate cuts this year; election timing won't affect decision
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Federal Reserve officials, including Chair Jerome Powell, plan to reduce the benchmark interest rate later this year despite recent reports of a strong US economy and increased inflation. Powell stated that the recent data does not significantly change the overall picture of solid growth, a strong labor market, and inflation moving towards 2%. Most Fed officials see it as likely to be appropriate to start cutting rates at some point this year. Powell also emphasized that the Fed's interest-rate decisions will not be affected by the timing of the presidential election. The recent pickup in inflation has led some economists to postpone their projections for rate cuts, but many economists predict that the first rate cut won't come until July or later. Powell noted that the Fed is intended to be fully independent of politics and make monetary policy decisions without consideration of short-term political matters. The Fed's goal is to slow inflation to its 2% target, but the strength of the economy, particularly solid consumer spending, could make it harder to achieve this goal. Fed officials forecasted that they could cut the benchmark rate three times this year, but nearly half of the policymakers expect two or fewer rate cuts.

#FederalReserve #InterestRates #UsEconomy #Inflation #JeromePowell

https://abcnews.go.com/Politics/wireStory/powell-fed-sees-rate-cuts-year-election-timing-108806298


Crews carefully start removing first piece of twisted steel from collapsed Baltimore bridge
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Teams of engineers are working on removing the first section of twisted steel from the collapsed Francis Scott Key Bridge in Baltimore; The bridge collapsed into the Patapsco River after a cargo ship crashed into one of its supports; Cranes and cutting torches are being used to cut and lift the steel beams; The steel will be lifted onto a barge and floated away; The process is complicated and will affect the timeline for reopening the ship channel and the blocked Port of Baltimore; Four workers are still missing and presumed dead; The ship involved in the collision is managed by Synergy Marine Group and owned by Grace Ocean Private Ltd., chartered by Maersk; The cause of the collision is still under investigation; The Environmental Protection Agency has not detected any active releases or hazardous materials in the water; The bridge will be rebuilt, with the federal government covering the full cost; The closure of the port and the loss of the bridge will have economic impacts on dockworkers, commuters, and U.S. consumers; The port handles the most cars and farm equipment in the U.S.

#Baltimore #BridgeCollapse #FrancisScottKeyBridge #PatapscoRiver #CargoShip #Engineers #SteelBeams #Cranes #Tugboats #SalvageVessels

https://abcnews.go.com/Business/wireStory/collapsed-baltimore-bridge-focus-shifts-weighty-job-removing-108680197


Crews at Baltimore bridge collapse continue meticulous work of removing twisted steel and concrete
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Crews are continuing the meticulous operation of removing the steel and concrete from the fallen Francis Scott Key Bridge in Baltimore. Divers are assisting in the process, surveying parts of the bridge underwater and checking on the ship to ensure it can be safely floated away once the wreckage is lifted. The bridge collapsed on Tuesday, resulting in the presumed deaths of six workers. Two workers survived, two bodies were found in a submerged pickup, and four more men are presumed dead. The salvage crews are lifting each part of the bridge onto a barge and floating it downstream to be inspected. The removal of the debris and reopening of the ship channel and the blocked Port of Baltimore will depend on the progress of the salvage operation. The cause of the bridge collapse is under investigation by the National Transportation Safety Board. The cargo ship Dali, which caused the collapse, remains tangled in debris. The port is also considering aid packages to help those affected by the closure. The Small Business Administration will open a center to help small businesses get loans to recover from the bridge collapse.

#Baltimore #BridgeCollapse #SalvageOperation #Investigation #PortOfBaltimore

https://abcnews.go.com/US/wireStory/crews-baltimore-bridge-collapse-continue-meticulous-work-removing-108694681


As cranes arrive at Baltimore bridge collapse site, governor describes daunting task of cleaning up
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A crane that can lift 1,000 tons has appeared near the site of a collapsed highway bridge in Baltimore as crews prepare to begin clearing wreckage; Maryland Gov. Wes Moore called the Francis Scott Key Bridge's collapse following a freighter collision an “economic catastrophe" and described the challenges ahead for recovering the workers' bodies and clearing tons of debris to reopen the Port of Baltimore; The broken pieces of the bridge weigh as much as 4,000 tons, Moore said, and teams will need to cut into the steel trusses before they can be lifted from the Patapsco River; Equipment on hand will include seven floating cranes, 10 tugboats, nine barges, eight salvage vessels and five Coast Guard boats, Moore said; Water conditions have prevented divers from entering the river, Moore said; The victims of the collapse were from Guatemala, Honduras, and El Salvador, officials said; President Joe Biden's administration has approved $60 million in immediate aid, and Biden has said the federal government will pay the full cost of rebuilding the bridge, which carried Interstate 695.

#Baltimore #BridgeCollapse #Cleanup #Cranes #Maryland #PortOfBaltimore

https://abcnews.go.com/Business/wireStory/cranes-arriving-start-removing-wreckage-deadly-baltimore-bridge-108640950


Murder trial of Chad Daybell, husband of 'doomsday' mom Lori Vallow, set to begin
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Chad Daybell, the husband of Lori Vallow, is set to go on trial for the murders of his wife's two children, Joshua 'J.J.' Vallow, 7, and Tylee Ryan, 16. The trial is scheduled to start on Monday in Ada County with jury selection and is expected to last around nine weeks. Daybell was charged with three counts of murder and faces the death sentence if convicted. Daybell's case will be presided over by the same judge in Vallow's trial, Judge Steve Boyce, who sentenced Vallow to life in prison without parole for the murders of the two children. Vallow and Daybell were also charged with conspiracy to commit murder in the death of Chad Daybell's former wife, Tamara Daybell. Vallow was found guilty of all charges in her trial. Daybell pleaded not guilty to his charges and his attorney stated that he is ready to tell his story. It is unclear if Vallow will testify at Daybell's trial. Both Vallow and Daybell adhered to a doomsday ideology and were charged with conspiracy to commit murder. Vallow's fourth husband, Charles Vallow, was shot and killed by her brother, Alex Cox, in 2019. Vallow also faces charges alleging she killed Charles Vallow and plotted to kill the ex-husband of her niece.

#ChadDaybell #LoriVallow #MurderTrial #Doomsday #Children #JurySelection #DeathSentence #ConspiracyToCommitMurder #TamaraDaybell #NotGuilty #Testify #DoomsdayIdeology #CharlesVallow #AlexCox

https://abcnews.go.com/US/chad-daybell-husband-lori-vallow-murder-trial/story?id=108683350


Debt, trade barriers and uncertainty will drag on Asian economies in 2024, World Bank report says
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Asian economies are forecasted to slow to 4.5% growth in 2024 from 5.1% in 2023 due to debt, trade barriers, and policy uncertainties, according to a World Bank report. The report highlights the need for governments to address long-term problems such as weak social safety nets and underinvestment in education. The region's economies are growing slower than before the pandemic but faster than other parts of the world. The rebound in global trade and easing financial conditions will help offset weaker growth. The report also points out that leading firms in the region are not playing their expected role. Key risks include higher interest rates and trade-distorting measures imposed by major economies. China's growth is expected to slow to 4.5% as it transitions to a more balanced growth path. The report emphasizes the need for efficient policies, stronger social welfare, and increased investment in education. The report also highlights lagging improvements in productivity and the need for more competition and investment in education. Vietnam, despite being a favored destination for foreign investment, is growing at a rate below its potential. The report concludes that the region could achieve better results with improved productivity and greater efficiency.

#AsianEconomies #WorldBank #Debt #TradeBarriers #Uncertainty #GrowthForecast

https://abcnews.go.com/Business/wireStory/debt-trade-barriers-uncertainty-drag-asian-economies-2024-108703296


US and UK announce sanctions over China-linked hacks on officials, lawmakers and election watchdog
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The US and UK have announced sanctions against a company and two individuals linked to the Chinese government over cyberattacks targeting officials, lawmakers, and the UK's election watchdog. The hack may have gained access to information on tens of millions of UK voters held by the Electoral Commission. The US Treasury Department sanctioned Wuhan Xiaoruizhi Science and Technology Company Ltd., and named two Chinese nationals, Zhao Guangzong and Ni Gaobin, affiliated with the company. The two individuals were involved in cyberoperations targeting US critical infrastructure sectors. The US Justice Department charged Zhao, Ni, and five other hackers with conspiracy to commit computer intrusions and wire fraud. APT31, the Chinese cyber group involved, has previously been accused of targeting US presidential campaigns and Finland's parliament. British cybersecurity officials said APT31 hackers conducted reconnaissance activity against British parliamentarians critical of Beijing. China's Ministry of Foreign Affairs called for evidence-based claims and said cybersecurity issues should not be politicized. British Prime Minister Rishi Sunak described China as the greatest state-based threat to the UK's economic security.

#Sanctions #Cyberattacks #China #Us #Uk #Elections #Hackers

https://abcnews.go.com/International/wireStory/uk-government-set-link-china-government-affiliated-hackers-108466686


Baltimore Key Bridge collapse live updates: Largest crane on Eastern Seaboard to help clear channel
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A cargo ship struck Baltimore's Francis Scott Key Bridge early Tuesday morning, causing a near-total collapse of the span and halting vessel traffic into and out of the Port of Baltimore. Six construction workers are believed to have fallen from the collapsing bridge into the frigid waters of the Patapsco River below. The bodies of two of the victims have been recovered so far, while four remain missing and are presumed dead. Maryland Gov. Wes Moore described the scope of the disaster as a freight nearly the size of the Eiffel Tower with the Key Bridge resting on top of it, and shipping containers ripped in half as if they were papier-maché. President Joe Biden plans to visit Baltimore next week with Maryland Gov. Wes Moore. The Biden administration approved $60 million in emergency relief funds for rebuilding the bridge. The Chesapeake 1000 crane, capable of lifting roughly 2.2 million pounds at a time, arrived at the bridge to help with the recovery efforts. At least one large vehicle is still submerged under the murky Patapsco River, believed to belong to the crew that was working on the bridge at the time of the collapse. Recovery efforts are ongoing to find the missing victims and clear the blocked channel for the reopening of the Port of Baltimore.

#Baltimore #KeyBridge #BridgeCollapse #CargoShip #ConstructionWorkers #PatapscoRiver #PortOfBaltimore #Maryland #WesMoore #JoeBiden #RecoveryEfforts

https://abcnews.go.com/US/live-updates/baltimore-key-bridge-collapse/?id=108500215


Biden fundraiser with Obama, Clinton sees jokes and some protests over war
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Former Presidents Barack Obama and Bill Clinton joined President Joe Biden for a star-studded fundraiser in New York City, raising over $26 million for Biden's re-election. The event featured a conversation moderated by comedian Stephen Colbert and saw interruptions from pro-Palestine protesters. Biden criticized former President Donald Trump and highlighted his achievements as president. The discussion touched on topics such as democracy, foreign policy, and the Israel-Gaza conflict. Obama and Clinton expressed support for a two-state solution and the legitimacy of Palestinian statehood. Clinton also criticized Trump's economic policies. The event included performances by Queen Latifah, Lizzo, and others. The Biden campaign hopes the fundraiser will energize the Democratic Party ahead of the general election.

#Biden #Obama #Clinton #Fundraiser #Protests #War

https://abcnews.go.com/Politics/biden-fundraiser-obama-clinton-sees-jokes-protests-war/story?id=108640851


Boeing CEO Dave Calhoun to step down
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Boeing CEO Dave Calhoun will step down at the end of the year. Calhoun will continue to lead Boeing through the end of 2024. The move comes amid fallout from a high-profile safety failure onboard an Alaska Airlines flight in January. Board Chair Larry Kellner plans to forgo nomination for an additional term. Steve Mollenkopf will immediately take over as Boeing board chair and lead the search for a new chief executive. Calhoun began his tenure in the aftermath of a previous safety scandal involving the grounding of Boeing 737 Max aircraft. The renewed scrutiny over the incident includes an investigation by a federal safety regulator and a criminal investigation by the Department of Justice. Calhoun called on the company to focus on openness and a total commitment to safety and quality. This is a developing story.

#Boeing #DaveCalhoun #Ceo #Resignation #SafetyFailure #AlaskaAirlines #737Max #LarryKellner #SteveMollenkopf

https://abcnews.go.com/Business/boeing-ceo-dave-calhoun-step/story?id=108465621


US commerce secretary hails progress at year's first meeting of Indo-Pacific trade grouping
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U.S. Commerce Secretary Gina Raimondo praised the progress made by the 14 countries in the Indo-Pacific Economic Framework for Prosperity after the group held a ministerial meeting to discuss proposed guidelines for regional commerce. The Indo-Pacific Economic Framework was launched in May 2022 and its members include Australia, Brunei, Fiji, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, the Philippines, Singapore, Thailand, the United States, and Vietnam. The group aims to advance resilience, sustainability, inclusiveness, economic growth, fairness, and competitiveness. Raimondo commended progress on documents setting guidelines for supply chain, clean economy, and fair economy measures. However, the statement did not mention progress on the trade pillar. The next top-level meeting of the group is scheduled to take place in Singapore on June 6.

#UsCommerceSecretary #Indo-pacificEconomicFramework #RegionalCommerce #Trade #SupplyChains #CleanEconomy #FairEconomy #Asia #Singapore

https://abcnews.go.com/International/wireStory/us-commerce-secretary-hails-progress-years-meeting-indo-108117052


Suspect arrested in murder of pregnant Amish woman
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Shawn Cranston, 52, was arrested in connection with the murder of Rebekah Byler, 23, Pennsylvania State Police announced early Saturday morning. The arrest was made on March 4, 2024.

#Murder #Arrest #Amish #Pennsylvania

https://abcnews.go.com/GMA/News/video/suspect-arrested-murder-pregnant-amish-woman-107766879


Stock market today: Asia stocks track Wall Street gains, Japan shares hit record high
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Japanese stocks set a record high after U.S. stocks climbed to all-time highs. Tokyo's Nikkei 225 jumped 1.9% and ended at 39,940.00. Japan's unemployment rate dropped to 2.4% in January. China's manufacturing activity contracted for the fifth consecutive month in February. Investors are anticipating policies to revitalize the economy at China's upcoming National People's Congress. The S&P 500 rose 0.5% to 5,096.27, the Nasdaq composite gained 0.9% to 38,996.39, and the Dow Jones Industrial Average rose 0.1% to 38,996.39. Yields eased after an inflation report showed prices rose as expected. The Federal Reserve may begin cutting interest rates in June. U.S. benchmark crude oil reached $78.50 per barrel. The U.S. dollar rose to 150.34 Japanese yen from 149.98 yen.

#StockMarket #AsiaStocks #WallStreet #JapanShares #Nikkei225 #UnemploymentRate #ManufacturingActivity #NationalPeople'sCongress #S&p500 #Inflation #FederalReserve #CrudeOil #ExchangeRates

https://abcnews.go.com/US/wireStory/stock-market-today-asia-stocks-track-wall-street-107708314


Consumer confidence slips in February as anxiety over potential recession surprisingly reappears
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American consumers are feeling less confident this month as concerns over a possible recession grew, despite most indicators pointing to a healthy U.S. economy. The Conference Board reported that its consumer confidence index fell to 106.7 from a revised 110.9 in January, after three straight months of improvement. The index measuring Americans' short-term expectations for income, business, and the job market fell to 79.8 from 81.5 in January, signaling a possible upcoming recession. Consumers' view of current conditions also retreated, falling to 147.2 from 154.9. The decline in consumer confidence is surprising given the resilience of the economy in the face of higher interest rates and inflation. Consumer spending accounts for about 70% of U.S. economic activity. Despite some recent high-profile layoffs, the labor market continues to churn out jobs, with U.S. employers adding 353,000 jobs in January and the unemployment rate staying at 3.7%. The Federal Reserve is expected to start cutting rates later this year to further boost the strong economy. Overall, consumers are set to benefit from declining interest rates as the Fed starts to lower the target range this year, which should be supportive of sentiment over time.

#ConsumerConfidence #Recession #U.s.Economy #EconomicIndicators #ConsumerBehavior #InterestRates #Inflation #LaborMarket #FederalReserve

https://abcnews.go.com/Business/wireStory/consumer-confidence-slips-february-anxiety-potential-recession-perked-107592019


Inflation expected to have slowed significantly in January
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The report from the U.S. Bureau of Labor Statistics is expected to show that inflation has slowed significantly in January. Economists expect prices to have increased 2.9% over the year ending in January, marking a slowdown from the previous month's annual pace of 3.4%. Core inflation, which excludes volatile food and energy prices, is expected to have increased 3.7% over the same period. Inflation remains above the Federal Reserve's target of 2%. The U.S. economy has defied the central bank's efforts to slow it down, with strong job growth and consumer sentiment. The Fed risks a rebound of inflation if it cuts interest rates too quickly. Fed Chair Jerome Powell has celebrated the decline of inflation but cautioned about the risks of an overheated economy.

#Inflation #Economy #FederalReserve #InterestRates #UsBureauOfLaborStatistics

https://abcnews.go.com/Business/inflation-expected-slowed-significantly-january/story?id=107155046


What to know about Usher and his kids following his Super Bowl performance
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Usher, the R&B legend, recently headlined the Super Bowl halftime show. He is a father of four children. Usher shares his eldest child, Usher Raymond V, with ex-wife Tameka Foster. Usher has been in a relationship with Jennifer Goicoechea since 2019, and they have two children together, Sovereign and Sire. Usher's second child with Foster is Naviyd. Sovereign is Usher's third child and the first with Goicoechea. Usher announced the birth of his youngest child, Sire Castrello Raymond, in October 2021. Sire is named after Goicoechea's grandfather, Champ Castrello.

#Usher #SuperBowl #HalftimeShow #Family #Children

https://abcnews.go.com/GMA/Family/usher-kids/story?id=107027006


Trump says he'd 'encourage' Russia 'to do whatever the hell they want' if a NATO country didn't spend enough on defense
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Former President Donald Trump said he wouldn't protect a NATO nation that didn't contribute enough defense funds and he'd "encourage" Russia "to do whatever the hell they want." Trump made these comments at a campaign event in Conway, South Carolina. He also falsely suggested that NATO contributions come in the form of loans. NATO leaders agreed in 2006 that member countries would commit to a minimum of 2% of their GDP for military readiness. The White House called Trump's comments "appalling and unhinged," and NATO Secretary-General Jens Stoltenberg criticized them, saying they "undermine all of our security."

#DonaldTrump #Nato #Russia #DefenseSpending

https://abcnews.go.com/Politics/trump-russia-nato-defense-funds/story?id=107136736


Russian politician calling for peace in Ukraine rejected as a presidential candidate
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Antiwar politician Boris Nadezhdin was rejected as a candidate in the upcoming Russian presidential election by the Central Election Commission. The rejection is seen as a signal from the Kremlin that it won't tolerate any public opposition to the invasion of Ukraine. Nadezhdin, who had gathered thousands of signatures in support of his candidacy, openly called for a halt to the war in Ukraine and for starting a dialogue with the West. President Vladimir Putin, running as an independent candidate, faces only token opposition and is expected to win a fifth term in power. Most opposition figures have been imprisoned or exiled, and independent Russian media outlets have been banned. The election commission declared that more than 9,000 signatures submitted by Nadezhdin were invalid, disqualifying him from the race. Nadezhdin plans to appeal the decision in court.

#Russia #Ukraine #PresidentialElection #Opposition #VladimirPutin

https://abcnews.go.com/International/wireStory/russian-politician-calling-peace-ukraine-rejected-presidential-candidate-107053944


The economic surge feels like a drag? Your state may be underperforming
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Consumer sentiment stands well below pre-pandemic levels. The U.S. economy has been performing well, but Americans remain sour. The disconnect between economic performance and sentiment may be due to elevated prices and partisan reluctance to acknowledge success under Biden. The economic performance varies between states and localities, with some facing higher expenses. The best-performing states have better-than-average unemployment, GDP growth, and gas prices. The worst-performing states, including California, New York, and New Jersey, have lower growth, higher unemployment, and higher gas prices. The variation in economic conditions across states and localities contributes to the gap between economic sentiment and performance. Attitudes about the economy have improved, but consumer sentiment remains below pre-pandemic levels. Voters prefer Trump over Biden on handling the economy. The Biden campaign touts the current state of the economy as a winning record. The variation in economic conditions across states and localities could explain the gap between economic sentiment and performance.

#Economy #ConsumerSentiment #StateEconomies #EconomicPerformance #Biden #Trump

https://abcnews.go.com/Business/economic-surge-feels-drag-state-underperforming/story?id=106997917


Appeals court rejects Trump's immunity claim in federal election interference case
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A three-judge panel in the U.S. Court of Appeals has rejected former President Donald Trump's claim of presidential immunity in his federal election interference case. The judges stated that for the purpose of this criminal case, Trump is considered citizen Trump and does not have immunity. Trump had sought the dismissal of the case on the grounds of absolute immunity from prosecution for actions taken while serving as president. The Supreme Court had previously denied a request to immediately take up Trump's claims of immunity, and the issue may still go before the Supreme Court depending on the appeal.

#DonaldTrump #PresidentialImmunity #FederalElectionInterference #U.s.CourtOfAppeals #SupremeCourt

https://abcnews.go.com/Politics/appeals-court-rejects-trumps-immunity-claim-federal-election/story?id=106380940


Stock market today: Asian stocks mostly fall as Chinese shares skid despite moves to help markets
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Asian stocks were mostly lower on Monday, with Chinese shares leading the declines. The main index in the smaller market in Shenzhen sank 5.4% but then rapidly recovered to trade 1.7% lower. The Shanghai Composite index slipped more than 2% before recovering some lost ground. U.S. futures declined and oil prices were higher. The Securities Regulatory Commission in Beijing pledged to crack down on abuses and protect small investors. Last week, Chinese stocks capped their worst week in five years. Former President said he might impose a tariff of more than 60% on imports of Chinese goods if he is re-elected. By mid-afternoon Monday, the Shanghai Composite index was down 0.2% at 2,725.54. Hong Kong's Hang Seng gained 0.6% to 15,630.63. Tokyo’s Nikkei 225 index climbed 0.6% to 36,390.31. P/ASX 200 sank 1% to 7,623.30. South Korea’s Kospi shed 0.6% to 2,599.62. On Friday, Big Tech stocks once again carried Wall Street to a record, even though the majority of stocks fell due to renewed worries about risks of a hot economy. Big gains for Meta Platforms and Amazon helped drive the S&P 500 index up by 1.1% and closed at 4,958.61. The Dow Jones Industrial Average rose by a more modest 0.3% to 38.654.42. And the Nasdaq jumped 1.7% to 15,628.95.

#StockMarket #AsianStocks #ChineseShares #MarketRegulator #Investors

https://abcnews.go.com/Business/wireStory/stock-market-today-asian-stocks-fall-chinese-shares-106948786


US economy adds staggering 353,000 jobs in January
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The US economy added 353,000 jobs in January, according to the U.S. Bureau of Labor Statistics. The unemployment rate remained steady at 3.7%. This is a significant increase in job growth and indicates a positive trend in the economy. The report was released on February 2, 2024.

#UsEconomy #JobGrowth #UnemploymentRate #BureauOfLaborStatistics

https://abcnews.go.com/US/video/us-economy-adds-staggering-353000-jobs-january-106900902


What the surprisingly strong jobs report means for inflation and interest rates
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U.S. employers hired 353,000 workers in January, nearly twice as many as expected. The unemployment rate remained at 3.7%. The strong jobs report indicates a robust and sustained recovery after the pandemic. The Federal Reserve's fight against inflation may be challenged by the strong economy. Inflation remains higher than the Fed's target rate of 2%. Interest rate cuts may be delayed due to the hot economy. The Fed risks a rebound of inflation if rates are cut too quickly. The next opportunity for the Fed to cut rates will be in March.

#JobsReport #Inflation #InterestRates #Economy #FederalReserve

https://abcnews.go.com/Business/surprisingly-strong-jobs-report-means-inflation-interest-rates/story?id=106895639


US jobs report for January is likely to show that steady hiring growth extended into 2024
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The US jobs report for January is expected to show that employers added 177,000 jobs, with a jobless rate of 3.8%. The job market defied predictions of a recession and instead saw strong job growth in 2023, with an average of 225,000 jobs added per month. Layoffs have not significantly impacted the overall job market, and the unemployment rate has remained below 4% for two straight years. Consumer sentiment and inflation expectations have improved, and the economy is expected to be a key factor in the 2024 presidential election. Economists predict a "January jobs boomlet" with 250,000 added jobs, driven by seasonal factors and hiring in healthcare and state/local governments. The rate of Americans quitting their jobs has slowed, suggesting less wage pressure. Hiring has slowed from previous years but remains steady, which is seen as positive by the Federal Reserve. Chair Jerome Powell indicated that rate cuts may begin later this year.

#UsJobsReport #HiringGrowth #Economy #UnemploymentRate #Inflation #PresidentialElection

https://abcnews.go.com/US/wireStory/us-jobs-report-january-show-steady-hiring-growth-106887552