Last week, the U.S. Federal Reserve cut its key interest rates by a quarter point, dropping interest on deposits to 4.5 percent and on loans to 4.75 percent.
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CELEBRITY SUPPORT DID NOT DELIVER VICTORY FOR HARRIS
Kamala Harris benefited from the support of some of the biggest celebrity names in the 2024 presidential election, but even the endorsement from the likes of Beyonće and Taylor Swift failed to provide her campaign with the momentum needed to win.
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TRUMP’S RESCUE PLAN FOR THE WORKING CLASS
Donald Trump’s massive election victory could be tied directly to economic hardship facing millions of Americans.
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COUNT OUT ABORTION AS A KEY ELECTIONS ISSUE
Again, The Trends Journal had forecast that Kamala Harris would defeat Donald Trump because of the abortion issue. We based this forecast on the U.S. 2022 mid-term election which the Republicans did not win big because of their anti-abortion stance.
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BIDEN MAKES APPEAL TO AMERICANS TO CALM DOWN
U.S. President Joe Biden told Americans last week—days after the stunning election victory for Donald Trump—that they should work on bringing down the political “temperature” and that it is important for citizens to look upon each other as fellow Americans, not “adversaries.”
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TRUMP’S APPEAL TO THE WORKING-CLASS
Results of the 2024 U.S. Presidential Election show that Donald Trump was successful in widening the Republican intent to working-class Americans of all backgrounds, which gave him a significant boost in swing states.
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TRUMP WIN BENEFITED FROM SURGE OF SUPPORT FROM YOUNG VOTERS
Despite U.S. President Joe Biden’s $1.4 trillion effort to relieve young Americans from their student loan debt, and high-profile endorsements from celebrities like Taylor Swift and Beyonce, Kamala Harris watched Donald Trump be propelled to victory with the help of these young voters who see the state of the economy as a main concern.
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TIME FOR A THIRD PARTY: MORE THAN 43 PERCENT OF U.S. ADULTS IDENTIFY AS INDEPENDENTS
Forty-three percent of American adults say they identify as independent voters—a number not seen since 2014, outnumbering the number of those who identified as Democrats at the polls in the 2024 U.S. presidential election.
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GLOBAL INCOME INEQUALITY ON THE RISE
Ninety percent of the 164 countries in a new study are enacting economic policies “highly likely to increase economic inequality,” according to study authors Oxfam and Development Finance International.
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U.S. FREAKS OUT OVER CHINESE-BUILT, DEEP-WATER PORT IN PERU
A top U.S. military official warned last week that China could easily use its newly constructed port on Peru’s Pacific coast—built as part of its Belt & Road Initiative—for military purposes in Washington’s region of influence.