Economists

**GDP**: Indonesia’s Q1 Growth Hits Record High, Surpassing Expectations by Economists

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Jakarta, Indonesia – In a surprising turn of events, Indonesia’s first-quarter gross domestic product (GDP) has experienced its fastest growth in three quarters, expanding by 5.11% year on year. This growth exceeds the 5% predicted by economists polled by Reuters, indicating a stronger economic performance than anticipated. Despite this positive growth, the economy saw a 0.83% decline on a quarter-on-quarter basis, slightly softer than the 0.89% expected by Reuters. This economic upswing is echoed in …

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Inflation Rate Hits Highest Level in Nearly a Year, Surprising Economists in Latest Report

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WASHINGTON – Producer prices in the United States experienced a notable increase in March compared to the previous year, marking the fastest pace in nearly a year. However, the rise fell short of economists’ expectations, according to data released by the Labor Department. Wholesale inflation also showed signs of easing on a month-to-month basis. The latest report revealed that the producer price index, measuring inflationary pressure before affecting consumers, rose by 2.1% last month compared …

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Fed Rate Cut Confusion: Economists Predict Economic Surprises for 2010s Déjà Vu

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Dallas, Texas – As the economy faces uncertainties heading into the new decade, experts are closely watching the Federal Reserve for clues on its next moves. With the global economic landscape in flux and concerns about inflation persisting, the Fed’s decisions on interest rates are under the microscope. Recent reports suggest that the Fed’s confidence in cutting rates may be wavering in light of elevated inflation levels. This hesitation from the central bank could have …

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Rate cut delay until September surprises economists – Reuters full coverage

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New York, NY – Economists anticipate that the Federal Reserve will hold off on any interest rate reductions until September as a response to a strong job market and robust economic growth. The decision, to wait for more data before making any changes to monetary policy, reflects the Federal Reserve’s cautious approach to managing the economy. The Federal Reserve’s hesitation to cut rates comes amidst uncertainties surrounding trade tensions between the United States and China, …

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Rate Cuts Becoming Less Likely as Economists Speculate on 2024 Fed Actions

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Minneapolis, Minnesota – With the possibility of no rate cuts looming for the rest of the year, market participants are closely monitoring the Federal Reserve’s next moves. Neel Kashkari, the President of the Minneapolis Fed, recently mentioned the scenario of no cuts if inflation remains stagnant. As economists weigh in on the situation, the sentiment towards rate cuts is shifting. George Lagarias, Chief Economist at Mazars, expressed skepticism about the likelihood of rate cuts in …

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Economists warn: Has the Fed Hit the Brakes Hard Enough?

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New York, NY – The Federal Reserve faces a daunting challenge of balancing economic growth with inflation concerns. As the central bank grapples with the decision on whether to continue raising interest rates, experts weigh in on the potential impacts of their choices. Jeff Klingelhofer, an analyst, describes the Fed’s job as “much harder” and “very difficult” in the current economic climate. With the one-year anniversary of the interest rate hike approaching, concerns over mounting …

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Federal Reserve Fed Updates 2024: Economists React as Hotter-than-Expected Data Reiterates Conservative Policy Approach

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MINNEAPOLIS, MN – Speaking at the University of St. Thomas, Federal Reserve Bank President Neel Kashkari discussed the recent uptick in economic data and its implications for monetary policy. Acknowledging the strong economic growth in the second half of 2023, Kashkari emphasized the need for patience in evaluating the sustainability of this growth and its impact on inflation. Highlighting the unexpected increase in GDP growth, job creation, and consumer price index (CPI) inflation, Kashkari stressed …

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Strong Job Performance in January Has Economists Speculating if Rates Will Be Cut

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WASHINGTON D.C. – The latest report from the Labor Department revealed a surge in job hiring for the month of January, with an impressive addition of 353,000 jobs to the U.S. labor market. This unexpected level of growth comes at a time when high interest rates and economic strains are impacting households across the country. The unemployment rate has remained steady at 3.7%, defying earlier estimates by economists. The momentum in hiring was largely driven …

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January’s Jobs Report Shocks Economists: 353,000 Jobs Added, 4.5% Wage Growth!

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WASHINGTON, D.C. – The U.S. job market proved its resilience in January, with employers adding 353,000 jobs, far exceeding economists’ expectations. This unexpected surge in job growth underscored the strength of the labor market despite high interest rates and persistent inflation. The Labor Department’s monthly payroll report revealed the robust job gains, with the unemployment rate holding steady at 3.7%, defying predictions of a slight increase. Additionally, wage growth outperformed expectations, with average hourly earnings …

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