The US economy is experiencing a slowdown in growth, with the Federal Reserve lowering its GDP projection for 2025 to 1.7%. Despite this, forecasts from Wall Street banks do not predict a recession or rapid economic decline. While data points such as consumer sentiment and confidence measures have declined, they may not accurately reflect the economy’s actual position. Recent reports show a rebound in economic activity, with the S&P Global composite PMI for March surpassing expectations. The stock market may be impacted by slowing economic growth, but current signs suggest a normal adjustment rather than a significant downturn. Deutsche Bank’s senior US economist believes that while consumer spending has cooled after a period of strong growth, the labor market dynamics and income growth are still supportive of consumption. The key question for investors is whether economic forecasts will continue to decline and further impact stocks.
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Canada’s PM wants to fast-track ‘nation building’ – but can he convince indigenous First Nations?
Jeronimo Kataquapit, a member of Ontario's Attawapiskat First Nation, protests outside The Ring of Fire against a provincial law designating the area as a "special economic zone" for mining, fearing it undermines indigenous rights. Prime Minister Mark Carney's "One Canadian Economy Act" aims to spur investment, but has sparked backlash from indigenous leaders for potentially bypassing necessary consultations and environmental assessments. Explain It To Me Like I'm 5: Jeronimo Kataquapit, a young member of a...
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