Author: Hivelr Economics Review

On December 18, 2024, the Federal Reserve announced a 0.25 percentage point reduction in the federal funds rate, setting the new target range at 4.25% to 4.5%

The Trump tariffs aimed to address trade imbalances and protect U.S. industries but sparked higher consumer costs, strained alliances, and mixed economic outcomes, leaving a lasting impact on trade policy debates.

Portugal’s strengths in renewable energy, premium exports, and tech can drive growth if it overcomes challenges like low R&D and market size with innovation.

Peru faces challenges like regulatory inefficiencies and infrastructure gaps, but its rich resources, growing innovation, and competitive industries position it well for sustainable economic growth and global success.

The FOMC reduced the federal funds rate by 25 basis points to 4.5%–4.75%, citing solid GDP growth, easing inflation, and resilient labor markets. Despite progress, core inflation at 2.7% remains elevated, and risks in commercial real estate and household debt warrant monitoring.

Illinois’ strengths in workforce and infrastructure support growth, but sustaining innovation in a competitive global market remains a challenge.

Despite Washington, D.C.’s strong competitive advantages driven by government demand, intellectual capital, and innovation, the city’s reliance on federal contracts presents a challenge in diversifying its economy for long-term sustainability.

Hawaii’s competitive advantages in tourism and sustainability offer long-term potential, but challenges such as high costs, geographic isolation, and dependence on imports hinder its economic resilience.

Texas’ competitive edge faces challenges in workforce development and sustainable energy transitions for long-term success.

Florida’s competitive strengths are robust, but challenges like climate change and economic inequality threaten its long-term prospects.