Breaking News: Economy
Debt And Deficits Won't Be As Bad As Feared But Are Still Dangerous, CBO Says
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The national debt will rise to 141% of the economy over the next 30 years — 11 percentage points lower than the agency... Read more
Fed's Kaplan Says It's 'too Early' To Decide If Interest Rates Need To Be Cut
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"I believe it would be wise to take additional time and allow events to unfold" before deciding on rates, the Dallas Fed... Read more
A Fed President Explained Why He Was The Lone Member Who Wanted An 'insurance' Cut This Week
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In a statement Friday, Bullard explains his vote against the decision to leave its benchmark interest rate unchanged. Read more
The Trump Economy Is Starting To Look More And More Like The Obama Economy
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It wasn't supposed to be this way: The 2017 tax cut and deregulation were supposed to pull the economy out of its glacia... Read more
Goldman Changes Tune On The Fed, Sees Two Rate Cuts And Early End To Balance Sheet Rolloff
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The Fed may be on its way to a half-point interest rate cut next month even though conditions don't seem to warrant, Gol... Read more
US Weekly Jobless Claims Fall More Than Expected
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First-time claims for state unemployment benefits were expected to total 220,000 for the most recent week, matching the ... Read more
US Housing Starts Fall In May, But Starts For The Prior Two Months Were Revised Higher
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Housing starts fell in May, but building permits increased, suggesting that the housing market was drawing some support ... Read more
A Key Manufacturing Gauge Just Saw Its Biggest One-month Decline In 18 Years
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The Empire State Manufacturing Index tumbled to a -8.6 reading from 17.8 in May, a 26.4-point drop that was the biggest ... Read more
Trump Says Stock Market Would Be '10,000 Points Higher' If Fed Didn't Raise Rates
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Trump said the economy and stock market both could be doing much better "if we had somebody different" in charge of the ... Read more
US Retail Sales Rose In May, While April Was Revised Higher
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U.S. retail sales were expected to rise 0.6% in May, after slipping 0.2% a month earlier. Read more
US Weekly Jobless Claims Unexpectedly Rise, Sparking Fears The Labor Market Is Losing Steam
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First-time claims for state unemployment benefits were expected to total 216,000, down slightly from the 218,000 claims ... Read more
US Consumer Prices Barely Rise; Underlying Inflation Muted
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The U.S. Consumer Price Index was expected to edge up 0.1% in May, after rising 0.3% a month earlier. Read more
US Underlying Producer Prices Increase Solidly In May
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The U.S. producer price index was expected to edge up 0.1% in May, after rising 0.2% a month earlier. Read more
Trump: The Mexico Trade Deal Took Just Two Days Because Of My Tariff Threat
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Trump tells CNBC the immigration deal came together in just two days because Mexico's leaders knew the alternative would... Read more
Jobs Creation Slows Dramatically With Payrolls Up Just 75,000 In May, Much Worse Than Expected
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Along with the big miss on the main number, wage gains were also lower than expected. The March and April jobs figures w... Read more
Job Growth Screeches To A Near Halt In May, With Private Payrolls Up Just 27,000
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Companies added just 27,000 new positions during the month, well below Dow Jones estimates of 173,000. Read more
Investors Want A Fed Rate Cut Before Economy Turns: 'Risk Becomes Greater The Longer You Wait'
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Financial markets — not to mention the White House — are demanding a cut, and it's likely to get at least one before... Read more
Fed's Evans: The Market Is Seeing Something 'that I Haven't Seen Yet'
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At a time when markets are anticipating at least two interest rate cuts before the end of 2019, Evans did not commit to ... Read more
US Inflation Picks Up In April As Spending Slows
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U.S. consumer prices increased in April, which could allow the Federal Reserve to keep interest rates unchanged for a wh... Read more
Shares Of US Automakers Plunge Because They Have Major Production In Mexico
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The largest U.S. automaker stocks drop after President Trump threatened to put a 5% tariff on Mexican imports. Read more