Federal Reserve successfully achieves economic soft landingměi liánshǔ chénggōng shíxiàn jīngjì ruǎn zháoluò美联储成功实现经济软着陆。
December 31, 2024 at 2:00 PM
New Words
News in English
BusinessFederal Reserve Achieves Elusive Soft Landing
The Federal Reserve successfully achieved the elusive soft landing in 2024, taming inflation from 9 percent peak to near 2 percent target without triggering recession.
The Federal Reserve successfully achieved long-sought economic soft landing in 2024. Given lingering effects prolonged loose monetary policy, inflation fell gradually from 9 percent peak in 2022 to near Feds 2 percent target. Simultaneously, unemployment remained below 4.5 percent at lower levels, avoiding economic recession. The Federal Reserve cut rates three times in second half 2024. This ensured financial stability while preventing economy from overcooling. Although path was difficult, Federal Reserves policy decisions widely recognized as management success.
More in Business
Chinazhōngguó中国planjìhuà计划20262026 nián2026年artificial intelligenceAIAIchipxīnpiàn芯片production capacitychǎnéng产能triplefān sānbèi翻三倍。
China Targets Tripling AI Chip Production in 2026 to Counter Nvidia Dependence
Chinazhōngguó中国artificial intelligenceAIAIchipxīnpiàn芯片manufacturerszhìzàoshāng制造商revenueyíngshōu营收significantlydàfú大幅growzēngzhǎng增长。
Chinese AI Chipmakers Report Soaring Revenue Growth in 2026 Earnings Season
United States / AmericanMěiguó美国July7 yuè7月Consumer Price Index (CPI)CPICPIonly / merelyjǐn仅to rise / to go upshēng升0.1 percent0.1%0.1%，interest rate hikejiā xī加息worry / concerndānyōu担忧to ease / to alleviatehuǎnjiě缓解。
US July CPI Rises Just 0.1 Percent as Tame Inflation Data Boosts Markets
Trian Fund Management (investment firm)Tèlǐān Jījīn特里安基金to plan / planjìhuà计划to acquire / takeovershōugòu收购Wendys (fast-food chain)Wēndí温迪，stock pricegǔjià股价to rise / to go upshàngzhǎng上涨13 percent13%13%。
Trian Fund Prepares Bid to Take Wendys Private as Stock Jumps 13 Percent