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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Jan 07, 2024
Page
12
The Federal Reserve kept the policy rate unchanged for a third time as inflation cools and the job market cools. Minutes from the Dec 12-13 gathering show officials expect rate cuts totaling three in 2024 while maintaining a high stance until inflation clearly declines toward 2 percent.
The U S gross national debt surpasses 34 trillion marking a record high amid political tension in Washington. A June agreement to raise the debt limit delays default but expires January 2025. The debt held by the public stands at 26.9 trillion, about GDP size.
U S consumers bought 15.6 million new vehicles last year, 12 percent more than 2022, the strongest gain in over a decade. Prices eased slightly to about 46 000 but remain well above pre pandemic levels as demand shifted to EVs and hybrids with growing market shares. EV sales rose 47 percent to 1.19 million and hybrids 54 percent to 1.2 million, while overall market show signs of cooling.
Industry rankings summarize stock performance from the latest iMoneyNet data showing weekly leaders and laggards across sectors. The report lists top gainers and bottom performers with fund categories and notable shifts in fund money flows.
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