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Trump Warns EU: Reduce Trade Gap or Face Tariffs
President-elect Donald Trump on Friday threatened the European Union with tariffs if the bloc does not reduce its "tremendous" trade gap with Washington through oil and gas purchases.
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Key Inflation Gauge Subsides to 2.4% in November
Monthly inflation subsided in November after showing little improvement in recent months. The personal consumption expenditures (PCE) price index rose 0.1% last month after an unrevised 0.2% gain in October.
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US Economy Eyes Strong Finish But Uncertainty in 2025
The number of Americans filing new applications for jobless benefits fell more than expected last week, almost reversing the prior two weeks' increases and suggesting that a gradual labor market slowdown remained in place.
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Trump Tariffs Redefine Free Trade in Face of China Economic Aggression
Classic economic Free Trade theory has counseled against tariffs for hundreds of years.
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GOP Senators: End Science, Tech Alliance With China
A group of Republican senators is demanding that the Biden administration revoke a science and technology agreement with China, barely a week after the two countries renewed cooperation for five more years to keep ties from deteriorating.
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Study Explores Link Between US Labor, Immigration
About 18% of U.S.-born men aged 20 to 64 are not part of the labor force, which is relevant to the immigration debate, said author Steven A. Camarota.
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How Biden's Disastrous Border Policy Has Wrecked Our Economy
Pretty soon, the American people are going to wake up to a brand-new day in a brand-new world. After four years of Biden ignoring the obvious crises at the border, at the grocery store, and at the gas station, we will be able to move back to policies that make sense.
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A Bold Vision to Erase the National Debt Using Blockchain
The rise of blockchain technology and cryptocurrencies like Bitcoin has demonstrated the transformative power of tokenization.
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Immigration Drives US Population to 340 Million
Immigration to the United States in 2024 drove U.S. population growth to its fastest rate in 23 years as the nation surpassed 340 million residents, the U.S. Census Bureau said Thursday.
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Trump: Abolishing Debt Ceiling Would Be 'Smartest Thing'
President-elect Donald Trump said Thursday he would be support a movement to get rid of the debt ceiling, telling NBC News it is the "smartest thing" Congress could do.
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5 Questions the Fed Must Answer to Get Rates Right
The Trump Factor-Immigration Policy Will Be Key
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Third Quarter GDP Revised up to 3.1%
The American economy grew at a healthy 3.1% annual clip from July through September, propelled by vigorous consumer spending and an uptick in exports, the government said in an upgrade to its previous estimate.
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Trump Must Decisively Restore US Energy Leadership
On day one, the incoming Trump administration is expected to pass a flurry of executive orders to reverse President Joe Biden's energy policy, which has weakened U.S. energy leadership.
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Powell: Rates Depend on Further Inflation Progress
Federal Reserve Chair Jerome Powell said Wednesday Fed policymakers want to see more progress on bringing inflation down as they consider the path of future rate cuts, as inflation has exceeded year-end projections.
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Fed Cuts Rate a Quarter Point, Sees 2 More in 2025
U.S. central bankers Wednesday cut the Fed funds rate by 25 basis points and issued fresh projections calling for two more quarter-point interest-rate cuts next year amid rising inflation, a forecast consistent with a wait-and-see approach come January as Donald Trump...
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Fed Expected to Combine Interest Rate Cut With Hawkish 2025 Outlook
The Federal Reserve is expected to lower borrowing costs Wednesday in what some observers are calling a "hawkish cut" set to be delivered alongside policymakers' updated interest rate outlooks and economic forecasts covering the first months of the incoming Trump...
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Post Cold War Fight vs. 'Ivory Tower Communism'
Here, especially on college campuses, Communism is a status marker and a way to make murder seem cool.
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Bulls and Bears Make Money, But Pigs Make Losses
Jerome Powell's Federal Reserve's policies impact inflation on everyone, especially retirees living on fixed incomes. Objectively looking at the Fed's track record for more than a decade, the Fed has made many terrible policy decisions.
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Trump Bump? Fed Prepares Projections Into New Presidential Term
Since Donald Trump's election to a second term last month, Federal Reserve policymakers including Chair Jerome Powell have said it is too soon to factor in the U.S. president-elect's yet-to-be-detailed policies into forecasts.
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Retail Sales Rose at Healthy Pace Last Month
Consumers stepped up their spending at retail stores last month, providing a boost to the economy in the early phases of the winter holiday shopping season.Retail sales rose 0.7% in November, the Commerce Department said Tuesday, a solid increase and higher than October's...
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US Foreign Policy Embracing Globalism Endangers All
Any foreign service officer or bureaucrat who has prioritized the interests of globalism and multinational organizations over those of the United States should not serve in any influential capacity. Their un-American actions must be fully investigated.
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Trump Will End Climate-Crazed Left Energy Policies
To borrow a term from the late English economist and philosopher John Maynard Keyes, President-elect Donald Trump's election victory has reawakened optimistic "animal spirits" of the U.S. energy-driven economy that has been badly wounded by Biden administration.
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US Manufacturers Predict Growth in 2025 After Prolonged Slump
U.S. manufacturers are optimistic that the sector will emerge from a prolonged recession next year, though capital expenditure growth was likely to fall short of 2024's pace.
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Inflation Is a Problem. The Fed Must NOT Cut Interest Rates.
The Federal Reserve's Open Market committee will meet again this week to determine what the Federal Funds Rate should be. Most economists and nearly all of Wall Street expect the Fed to cut interest rates by another 25 basis points.
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Trump Plans Sweeping Rollback of Biden EV, Emissions Policies
Incoming President Donald Trump's transition team is recommending sweeping changes to cut off support for electric vehicles and charging stations and to strengthen measures blocking cars, components and battery materials from China.