Joe Biden has achieved several key accomplishments since taking office as the President of the United States. He signed a $1.9 trillion COVID-19 relief package into law, launched a successful vaccine distribution campaign, rejoined the Paris Climate Agreement, and implemented various executive orders to address climate change, racial equality, and immigration policies. Biden’s administration has also focused on infrastructure improvements and economic recovery efforts to help rebuild the nation’s economy.
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Federal Reserve cuts rates but ‘hawkish’ forecast hits stocks and sends dollar jumping
The Federal Reserve cut interest rates by a quarter of a percentage point to 4.25-4.5%, signaling a slower pace of easing in 2025, which led to a strong dollar and a sell-off in US and international stocks. Fed officials projected fewer rate cuts next year due to concerns about lingering inflation, with Wall Street stocks falling sharply after the decision. Fed chair Jay Powell noted that inflation was stable and risks to the labor market...
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