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The year-ahead inflation expectations in the United States, as compiled by the University of Michigan, were revised slightly down to 2.8% in December 2024, from an earlier estimate of 2.9%, but above a near four-year low of 2.6% in November, according to final figures. In the meantime, the five-year outlook was also revised lower to 3% in December, compared to the preliminary reading of 3.1% and down from 3.2% in the prior month
The Republican-controlled U.S. House of Representatives passed legislation on Friday that would avert a midnight government shutdown, defying President-elect Donald Trump's demand to also greenlight trillions of dollars in new debt.
Next, the Democratic-controlled Senate would need to pass the bill to ensure the government will be funded beyond midnight (0500 GMT Saturday), when current funding expires. The White House said President Joe Biden intends to sign it into law if they do.
“EMS players ride the global consumer consumption demand. Hence, if global economic growth continues to chug along, demand for EMS services will be sustained. Other than the basic demand-supply dynamic, the current trend to diversify production due to China+1 or Taiwan+1 will benefit Malaysia’s EMS players and we expect this momentum to pick up in 2025. Overall, we are positive on EMS
MOSCOW: Belarus, Bolivia, Indonesia, Kazakhstan, Thailand, Cuba, Malaysia, Uganda and Uzbekistan will officially become BRICS partners from Jan 1, 2025, Kremlin aide Yury Ushakov said on Monday.