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Pollster Allocco to Newsmax: 'Affordability Crisis' False Narrative
Polling expert Patrick Allocco told Newsmax claims of an "affordability crisis" under President Donald Trump are being exaggerated by selective polling and media coverage, arguing the economic picture in Trump's first year is far stronger than critics suggest.
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US Households' Personal Finance Worries Grew in November, New York Fed Says
U.S. households grew more downbeat on their current and future financial situations in November, even as their expectations for the future trajectory of inflation held steady, a New York Federal Reserve report released Monday showed.
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Consumer Sentiment Improves in Early December
U.S. consumer sentiment improved in early December, but worries about high prices and the labor market persisted, a survey showed Friday.
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Fed's Key Inflation Measure Little Changed at 2.8%
The Federal Reserve's preferred measure of inflation slowed a bit in September, likely easing the way to a widely expected interest rate cut by the central bank next week.
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Consumer Spending Moderates in September
U.S. consumer spending increased marginally in September, suggesting a loss of momentum in the economy at the end of the third quarter as a lackluster labor market and rising cost of living curbed demand.
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Global Debt Crisis Mounts as Long-Term Bond Faith Fades
Falling short-term rates hide dangerous surge in long-term yields.
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RBC: Economy, Stocks Set for Continued Growth
U.S. stocks and the broader economy appear positioned for continued growth heading into 2026, though several major hurdles must be cleared for the bull market to persist, according to RBC Wealth Management's Global Insight 2026 Outlook released Thursday.
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Unemployment Claims Fall to 191K, Lowest Since Sept. 2022
The number of Americans filing new applications for unemployment benefits dropped to the lowest level in more than three years last week, allaying fears of a sharp deterioration in labor market conditions and potentially arguing against another interest rate cut from the...
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Chicago Fed: Unemployment Holds Steady at 4.4%
The U.S. unemployment rate was unchanged around 4.4% in November, the Chicago Federal Reserve estimated Thursday, while closely watched data from a private provider added to the evidence that the U.S. labor market is slowly weakening.
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Challenger: US Planned Job Cuts Fall 53% in Nov.
Layoffs announced by U.S. employers fell sharply in November, but hiring intentions continued to lag as businesses navigated an uncertain economic environment against the backdrop of tariffs on imports and slowing demand.
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Bessent: High Court Ruling Won't Affect Tariff Policy
Treasury Secretary Scott Bessent on Wednesday said the Trump administration will still implement its tariffs should the Supreme Court rule against President Donald Trump's use of the International Emergency Economic Powers Act to impose levies on trading partners.
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Treasury Adviser: Lower Rates Would Boost Housing
Lower interest rates would likely eliminate the need for a 50-year mortgage floated by President Donald Trump to boost housing affordability, Joseph Lavorgna, a counselor to U.S. Treasury Secretary Scott Bessent, said Wednesday.
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Trump to Scrap Biden's Fuel-Economy Standards
The Trump administration Wednesday proposed slashing fuel economy standards that former President Joe Biden had finalized last year, in its latest push to make it easier for automakers to sell gasoline-powered cars.
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AI Economy: Promise or Peril?
We are witnessing something like a new industrial revolution with AI. But drastic change doesn't come without major disruption. And right now, no one knows exactly what the shape the new AI economy will look like.
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Bessent Sees More Private Contributions to 'Trump Accounts'
U.S. Treasury Secretary Scott Bessent said he expects more billionaires, foundations and corporations to contribute funds to the new "Trump accounts" for 25 million Americans born between 2025 and 2028, which he said will help them participate in asset appreciation now...
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Bessent Wants Residency Rule for Regional Fed Chiefs
U.S. Treasury Secretary Scott Bessent Wednesday said he plans to advocate for a requirement that the 12 regional Federal Reserve Bank presidents reside in their districts for at least three years before being appointed to those positions.
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US Manufacturing Production Flat in September
U.S. factory production was unchanged in September as manufacturing remained constrained by tariffs on imports.The flat reading in manufacturing output reported by the Federal Reserve on Wednesday followed an unrevised 0.1% gain in August. Economists polled by Reuters had...
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US Services Little Changed in November
The U.S. services sector activity held steady in November, with employment still subdued and prices for inputs elevated, a survey showed Wednesday.
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US Import Prices Surprisingly Flat in September
U.S. import prices were unexpectedly unchanged in September as high costs for consumer goods, excluding motor vehicles, were offset by cheaper energy products.
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Private-Sector Jobs Unexpectedly Decrease
U.S. private payrolls unexpectedly declined in November, the ADP employment report showed Wednesday.Private employment decreased by 32,000 jobs last month after an upwardly revised 47,000 increase in October.
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Time to Sound the Alarm on Growing Financial Risk
Government bonds , the assets investors rely on as the safest in the world , are becoming less secure as public debt rises and the financial system holding that debt becomes more fragile, Financial Times Chief Economics Commentator Martin Wolf warns.
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Fed's Unprecedented Post-COVID Losses Are Over
The Federal Reserve appears to have finally turned the corner on a three-year-long string of unprecedented loss-making tied to how it has implemented monetary policy in the wake of the COVID-19 pandemic.
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Trump: 'Affordability' a Democrat Scam
President Donald Trump blasted Democrats' economic messaging during a Cabinet meeting Tuesday, calling their focus on "affordability" nothing more than a political "con job."
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Gold Dispute: Is Italy Preparing a National Bullion Reserve?
The government of Giorgia Meloni is planning to transfer the enormous gold holdings of the Italian central bank to the state. At the same time, citizens will be asked to legitimize undeclared private gold through a one-time levy.
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12 Reasons Americans Prefer Populist Libertarians to Socialists
In modern American politics, economic frustration and social uncertainty often drive voters toward candidates who promise dramatic change.