Harris Faces Task of Turning Biden Economy Into Edge
Harris aims to leverage a post pandemic rebound and low unemployment to gain a political edge. Inflation spiked during 2022 before easing, while wages rose for lower earners and consumer sentiment lagged behind job data. The Fed lifted rates rapidly to curb inflation, sending mortgage costs higher, yet unemployment remained near historic lows as economic recovery continued.
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Washington
Kamala Harris
Biden-Harris
Joe Biden
U.S
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Harris
Russia
Ukraine
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Ipsos Public Affairs
Jackson
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Sen
JD Vance
Ohio
Indianapolis
Trump
White House
Biden and
Federal Reserve
Jerome Powell
America
Ameri
Cans
Fed
United States
Powell
Christopher Waller
Waller
Wall Street ends week with broad rally across stocks
A widespread Friday rally lifted the S&P 500 by 1.1 percent to its best day in seven weeks while the Dow gained 654 points and the Nasdaq rose 1 percent. Nvidia edged up 0.7 percent and the Russell 2000 climbed 1.7 percent as smaller stocks outpaced large tech despite AI fears. Norfolk Southern jumped 10.9 percent amid better quarterly results and insurance payments linked to last year’s East Palestine derailment.
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East Palestine
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The
Associated Press
Fed sees tame June rise in core PCE inflation
The core personal consumption expenditures price index rose 0.2 percent from May, with a 2.6 percent year over year gain, while inflation adjusted spending also rose 0.2 percent. The report notes cooling labor momentum, a saving rate of 3.4 percent, and a Philadelphia Fed finding of rising credit card delinquencies, keeping Fed rate outlooks balanced toward a potential September cut.
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Swit
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GrfAmrcAm
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Dodge & Cox Incl
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