Daniel Avis
@danielavis.bsky.social
Reporting on the US economy for @afpnews.bsky.social. Formerly with @bloomberg.com, BBC News. Living in DC
Pinned
Daniel Avis
@danielavis.bsky.social
· Nov 15
Bluesky seems a little busier these days, so here goes: Follow me for news about the world’s largest economy!
I’ll use this space to post about my work as US Economics Correspondent for @afpnews.bsky.social, and anything else I find interesting along the way.
Feedback and tips always welcome.
I’ll use this space to post about my work as US Economics Correspondent for @afpnews.bsky.social, and anything else I find interesting along the way.
Feedback and tips always welcome.
"It's extremely important when watching inflation to take a through line, not follow every blip up and down," Chicago Fed President Austan Goolsbee told AFP Wednesday. "In my mind, overall, the conditions have not changed."
www.france24.com/en/live-news...
www.france24.com/en/live-news...
US Fed will 'adapt' to any policy changes, Chicago's Goolsbee says
The US Federal Reserve will "adapt" to policy changes made by the administration of US president Donald Trump, but would struggle to "disentangle" how those changes affect inflation from other factors...
www.france24.com
February 27, 2025 at 12:06 AM
"It's extremely important when watching inflation to take a through line, not follow every blip up and down," Chicago Fed President Austan Goolsbee told AFP Wednesday. "In my mind, overall, the conditions have not changed."
www.france24.com/en/live-news...
www.france24.com/en/live-news...
Happy Fed Day to all who celebrate:
The Fed is widely expected to cut interest rates by a quarter point today and signal a slower pace of cuts ahead amid uncertainty about inflation's downward path and the possible impact of some of Trump's economic proposals:
www.france24.com/en/live-news...
The Fed is widely expected to cut interest rates by a quarter point today and signal a slower pace of cuts ahead amid uncertainty about inflation's downward path and the possible impact of some of Trump's economic proposals:
www.france24.com/en/live-news...
US Fed expected to cut again, despite uncertain path ahead
The US Federal Reserve is widely expected to cut interest rates by a quarter point on Wednesday and signal a slower pace of cuts ahead, brushing off uncertainty about inflation's downward path and the...
www.france24.com
December 18, 2024 at 1:58 PM
Happy Fed Day to all who celebrate:
The Fed is widely expected to cut interest rates by a quarter point today and signal a slower pace of cuts ahead amid uncertainty about inflation's downward path and the possible impact of some of Trump's economic proposals:
www.france24.com/en/live-news...
The Fed is widely expected to cut interest rates by a quarter point today and signal a slower pace of cuts ahead amid uncertainty about inflation's downward path and the possible impact of some of Trump's economic proposals:
www.france24.com/en/live-news...
US President-elect Donald Trump on Monday praised Japan's SoftBank after it announced plans to invest $100 billion in the United States and create 100,000 new jobs in a big early win for his incoming administration: uk.finance.yahoo.com/news/softban...
Trump touts $100 bn SoftBank investment, vowing 100,000 jobs
US President-elect Donald Trump on Monday praised Japan's SoftBank for its decision to invest $100 billion in the United States and create 100,000 new jobs, a big win for his incoming administration.T...
uk.finance.yahoo.com
December 16, 2024 at 9:13 PM
US President-elect Donald Trump on Monday praised Japan's SoftBank after it announced plans to invest $100 billion in the United States and create 100,000 new jobs in a big early win for his incoming administration: uk.finance.yahoo.com/news/softban...
Trump taps Republican FTC member Andrew Ferguson to be the next chair of the agency, replacing Lina Khan
December 11, 2024 at 12:36 AM
Trump taps Republican FTC member Andrew Ferguson to be the next chair of the agency, replacing Lina Khan
Everything's going to be just fi...https://www.noaa.gov/news-release/arctic-tundra-becoming-source-of-carbon-dioxide-emissions
December 10, 2024 at 7:30 PM
Everything's going to be just fi...https://www.noaa.gov/news-release/arctic-tundra-becoming-source-of-carbon-dioxide-emissions
NEW: Cleveland Fed President Hammack says her current expectation is for "about one reduction in the Fed funds target range between now and the end of January and only a few cumulative reductions by the end of 2025."
www.barrons.com/news/us-faci...
www.barrons.com/news/us-faci...
US Fed Officials Warn Of Ongoing Risks From Elevated Inflation
The United States continues to face risks from underlying inflation despite recent progress in stabilizing prices, two senior Federal Reserve officials said Friday, with one indicating support for jus...
www.barrons.com
December 6, 2024 at 7:01 PM
NEW: Cleveland Fed President Hammack says her current expectation is for "about one reduction in the Fed funds target range between now and the end of January and only a few cumulative reductions by the end of 2025."
www.barrons.com/news/us-faci...
www.barrons.com/news/us-faci...
Reposted by Daniel Avis
TikTok faces a US ban after an appeals court on Friday rejected its challenge to a law requiring the video-sharing app to divest from its Chinese parent company by January 19 ➡️ u.afp.com/5Cnc
December 6, 2024 at 4:51 PM
TikTok faces a US ban after an appeals court on Friday rejected its challenge to a law requiring the video-sharing app to divest from its Chinese parent company by January 19 ➡️ u.afp.com/5Cnc
Fed Governor Christopher Waller said Monday he is leaning toward supporting a December rate cut:
www.france24.com/en/live-news...
www.france24.com/en/live-news...
US Fed officials see inflation fight as broadly on track
The US appears on track to hit its long-term target of two percent inflation despite a recent uptick, two Federal Reserve officials said Monday, with one indicating support for another rate cut this…
www.france24.com
December 2, 2024 at 8:45 PM
Fed Governor Christopher Waller said Monday he is leaning toward supporting a December rate cut:
www.france24.com/en/live-news...
www.france24.com/en/live-news...
Trump announces former CEA chair Kevin Hassett to be his next NEC Director:
November 27, 2024 at 1:54 AM
Trump announces former CEA chair Kevin Hassett to be his next NEC Director:
Courtesy of my colleague in D.C.:
"Scott Bessent is a credible, mainstream pick for Treasury Secretary," said Jason Furman, a professor at Harvard University and former top White House economic adviser. "I could see previous administrations as having chosen him.”
finance.yahoo.com/news/scott-b...
"Scott Bessent is a credible, mainstream pick for Treasury Secretary," said Jason Furman, a professor at Harvard University and former top White House economic adviser. "I could see previous administrations as having chosen him.”
finance.yahoo.com/news/scott-b...
Scott Bessent a credible, safe pick for Treasury: experts
Hedge fund manager Scott Bessent is a credible, safe choice for US Treasury secretary -- and one that is likely positive for markets -- observers said Saturday following President-elect Donald Trump's...
finance.yahoo.com
November 24, 2024 at 5:36 PM
Courtesy of my colleague in D.C.:
"Scott Bessent is a credible, mainstream pick for Treasury Secretary," said Jason Furman, a professor at Harvard University and former top White House economic adviser. "I could see previous administrations as having chosen him.”
finance.yahoo.com/news/scott-b...
"Scott Bessent is a credible, mainstream pick for Treasury Secretary," said Jason Furman, a professor at Harvard University and former top White House economic adviser. "I could see previous administrations as having chosen him.”
finance.yahoo.com/news/scott-b...
👇🏼
This is now at least five Donald Trump nominees who are named in the Project 2025 manuscript.
Russell Vought and Brendan Carr authored chapters. Tom Homan, John Ratcliffe and Pete Hoekstra are listed as contributors.
Russell Vought and Brendan Carr authored chapters. Tom Homan, John Ratcliffe and Pete Hoekstra are listed as contributors.
November 23, 2024 at 3:20 AM
👇🏼
Nothing but top quality snacks at AFP.
November 23, 2024 at 2:28 AM
Nothing but top quality snacks at AFP.
It’s official: Trump taps hedge fund executive Scott Bessent for Treasury Secretary
November 22, 2024 at 11:58 PM
It’s official: Trump taps hedge fund executive Scott Bessent for Treasury Secretary
Follow us!
Reminder that you can follow my @afpnews.bsky.social colleagues over here:
I've added more names to the AFP reporters starter pack. Send more. Or tell Paris HQ to make an official one
go.bsky.app/SGVRex4
go.bsky.app/SGVRex4
November 22, 2024 at 7:58 PM
Follow us!
Reposted by Daniel Avis
#UPDATE Wealthy nations on Friday offered $250 billion a year to help poorer nations hit hardest by global warming but faced immediate calls led by Africa to give more as UN COP29 climate talks extended into overtime ➡️ u.afp.com/5Vb6
November 22, 2024 at 4:58 PM
#UPDATE Wealthy nations on Friday offered $250 billion a year to help poorer nations hit hardest by global warming but faced immediate calls led by Africa to give more as UN COP29 climate talks extended into overtime ➡️ u.afp.com/5Vb6
Oh
Trump’s new pick for US attorney general, Pam Bondi, worked as a lobbyist on behalf of the government of Qatar.
Trump’s new attorney general pick is a former Qatar lobbyist | Semafor
Pam Bondi, Trump’s pick for attorney general after Matt Gaetz’ withdrawal, used to influence Capitol Hill on human trafficking issues for the Qatari government.
www.semafor.com
November 22, 2024 at 5:01 PM
Oh
NEW: The Fed should be careful not to cut rates "too quickly" and risk reigniting inflation, Michelle Bowman said Wednesday. finance.yahoo.com/news/us-fed-...
US Fed official warns against cutting rates 'too quickly'
The US Federal Reserve should be careful not to cut rates "too quickly" and risk reigniting stubborn inflation, a senior bank official said Wednesday. "With the US economy remaining strong, moving the...
finance.yahoo.com
November 20, 2024 at 6:00 PM
NEW: The Fed should be careful not to cut rates "too quickly" and risk reigniting inflation, Michelle Bowman said Wednesday. finance.yahoo.com/news/us-fed-...
US Fed Vice Chair for Supervision Michael Barr says he won't step down early if asked, echoing Jerome Powell's comments early this month:
"As chair Powell said, we serve fixed terms of office, and I intend to serve my fixed term of office."
(His term as a Fed vice chair ends July 2026.)
"As chair Powell said, we serve fixed terms of office, and I intend to serve my fixed term of office."
(His term as a Fed vice chair ends July 2026.)
November 20, 2024 at 4:07 PM
US Fed Vice Chair for Supervision Michael Barr says he won't step down early if asked, echoing Jerome Powell's comments early this month:
"As chair Powell said, we serve fixed terms of office, and I intend to serve my fixed term of office."
(His term as a Fed vice chair ends July 2026.)
"As chair Powell said, we serve fixed terms of office, and I intend to serve my fixed term of office."
(His term as a Fed vice chair ends July 2026.)
Reposted by Daniel Avis
Despite a massive head start, BlueSky has now overtaken Threads in the US 👇
November 19, 2024 at 9:39 PM
Despite a massive head start, BlueSky has now overtaken Threads in the US 👇
NEWS, via Truth Social: US President-elect Trump taps Howard Lutnick for Commerce Secretary
November 19, 2024 at 7:49 PM
NEWS, via Truth Social: US President-elect Trump taps Howard Lutnick for Commerce Secretary
Busy day at the office today:
November 19, 2024 at 7:21 PM
Busy day at the office today:
That’s a lot of PR specialists!
(On an unrelated note, my DMs are open for pitches and tips…)
(On an unrelated note, my DMs are open for pitches and tips…)
The United States now has:
• 45,020 reporters
• 275,550 public relations specialists
For every reporter, there are now six PR people.
(data via U.S. Bureau of Labor Statistics)
• 45,020 reporters
• 275,550 public relations specialists
For every reporter, there are now six PR people.
(data via U.S. Bureau of Labor Statistics)
November 19, 2024 at 3:54 AM
That’s a lot of PR specialists!
(On an unrelated note, my DMs are open for pitches and tips…)
(On an unrelated note, my DMs are open for pitches and tips…)
Reposted by Daniel Avis
November 17, 2024 at 4:50 PM
From my (lucky!) colleagues in Rio:
Chinese President Xi Jinping warned Monday the world faces "turbulence," as G20 leaders met in Brazil two months before Donald Trump returns to the White House.
www.hindustantimes.com/world-news/g...
Chinese President Xi Jinping warned Monday the world faces "turbulence," as G20 leaders met in Brazil two months before Donald Trump returns to the White House.
www.hindustantimes.com/world-news/g...
www.hindustantimes.com
November 18, 2024 at 7:08 PM
From my (lucky!) colleagues in Rio:
Chinese President Xi Jinping warned Monday the world faces "turbulence," as G20 leaders met in Brazil two months before Donald Trump returns to the White House.
www.hindustantimes.com/world-news/g...
Chinese President Xi Jinping warned Monday the world faces "turbulence," as G20 leaders met in Brazil two months before Donald Trump returns to the White House.
www.hindustantimes.com/world-news/g...
Tough time in the news business
Just a sampling of this year's journalism job cuts:
• AP to cut 8%
• Axios cuts 10%
• LA Times cuts 20%
• Tampa Bay Times cuts 20%
• Mass layoffs at Sports Illustrated
• Vice Media lays off "several hundred"
• The Messenger closes, laying off ~300
• CNN cuts 100 jobs, may eliminate hundreds more
• AP to cut 8%
• Axios cuts 10%
• LA Times cuts 20%
• Tampa Bay Times cuts 20%
• Mass layoffs at Sports Illustrated
• Vice Media lays off "several hundred"
• The Messenger closes, laying off ~300
• CNN cuts 100 jobs, may eliminate hundreds more
November 18, 2024 at 5:04 PM
Tough time in the news business