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Inflation Risk Greater Than Job Losses: Fed Official
The U.S. continues to face a greater risk from underlying inflation than from any weaknesses in the labor market, despite recent progress, a senior Federal Reserve official said Friday.
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Job Growth Surges, Unemployment Rises to 4.2%
U.S. job growth surged in November after being severely constrained by hurricanes and strikes, but this probably does not signal a material shift in labor market conditions that continue to ease steadily and allows the Federal Reserve to cut interest rates again this...
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US Payrolls Seen up in November as Boeing Workers Return, Hurricanes Over
U.S. job growth likely surged in November after being severely constrained by hurricanes and strikes, but this probably does not signal a material shift in easing labor market conditions that should allow the Federal Reserve to cut interest rates again this month.
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Ex-Sen. Perdue to Be Ambassador to China
President-elect Donald Trump has selected former Sen. David Perdue of Georgia to be ambassador to China.
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US Trade Deficit Shrinks on Decline in Imports
The U.S. trade deficit contracted sharply in October as imports declined by the most since late 2022, potentially positioning trade to contribute to economic growth in the fourth quarter.
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Business Leaders Fear Recession: World Economic Forum
Business leaders globally are worried about the risk of recession, labor shortages and rising inflation, despite some signs of improvement in economic conditions, a World Economic Forum survey said Thursday.
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US Economy Grew Slightly in Recent Weeks: Fed Survey
U.S. economic activity has expanded slightly in most regions since early October, with employment growth "subdued" and inflation rising at a modest pace and businesses expressing optimism about the future, the Federal Reserve said Wednesday.
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Powell: Fed's Independence From Politics Is Vital
Federal Reserve Chair Jerome Powell said Wednesday that he was "not concerned" the U.S. central bank would lose its independence, despite President-elect Donald Trump's suggestion that he should have input into interest rate decisions.
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Democrat Party Monopoly on Black Vote Ends
Black Americans, particularly young Blacks and Black men, want a future, and they see the future in freedom.
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Job Openings Rise in November, But Hiring Slows
The number of job postings in the United States rebounded in October from a 3-1/2 year low in September, a sign that businesses are still seeking workers even though hiring has cooled.
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Social Security Sees 200K Drop For Supplemental Benefit
Higher cost of living and a surge of baby boomers opting to stay in the workforce are two factors behind a 200,000 drop of beneficiaries applying for Supplemental Security Income, Newsweek reported Monday.
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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 month.The US central bank has been on a journey since the Covid-19...
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Fed Cuts? Don't Count on It - Inflation Is Staging a Comeback
The Federal Reserve has a problem. It's been cutting rates to boost the economy, but guess what? Inflation isn't cooperating. In fact, the latest data makes it painfully clear: those cuts may have been a mistake.
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Trump Working His Magic With Tariff Diplomacy
Although Donald Trump is seven weeks away from being sworn in as the nation's 47th president, he is already showing that he can solve the nation's most difficult problems.
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Trump's Deportation Plan Poised to Detonate Nationwide Fury
President-elect Donald Trump's plan to deport millions of illegal aliens starting with the estimated 400,000 criminal aliens is about to detonate shock waves throughout the nation.
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US Manufacturing Improves in November
U.S. manufacturing activity improved in November, with orders growing for the first time in eight months and factories facing significantly lower prices for inputs.
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Taiwan President Touts Tech Partnership with US
Taiwan's partnership with the United States is a source of strength for the high-tech industry, including the semiconductor sector, and shows the island is a trusted and reliable partner, President Lai Ching-te told a think-tank in Hawaii.
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GOP to Push Tax Breaks, Border Funding in Jan
Republicans are marshaling together a large bill for January before President-elect Donald Trump even takes office, with measures such as extending the 2017 Trump tax cuts, delivering funding for the border, and cutting a number of Biden-era green policies pushed.
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Kremlin: Trump Threat to BRICS Nations over US Dollar Will Backfire
The Kremlin said on Monday that any U.S. attempt to compel countries to use the dollar would backfire after U.S. President-elect Donald Trump threatened to impose tariffs on BRICS countries if they created their own currency. Trump on Saturday demanded that BRICS member...
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Canada: N.A. Free Trade Partners Should Align on China
Canada thinks the members of the U.S.-Mexico-Canada trade pact have a chance to produce a fully aligned policy on China, Finance Minister Chrystia Freeland said.
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Trump Changes Tune on Strong Dollar
The dollar is making the early running Monday, retaking some of last week's losses helped in part by rare words of support from U.S. President-elect Donald Trump.
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Sen. Sanders: Musk Right on Pentagon Waste
Sen. Bernie Sanders praised tech billionaire Elon Musk on Sunday over plans by the Department of Government Efficiency to eliminate waste in defense spending.
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Trump Threatens 100% Tariff on BRIC Nations
President-elect Donald Trump on Saturday threatened 100% tariffs against a bloc of nine nations if they act to undermine the U.S. dollar.
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US LNG Natural Gas Demand Nears Record Level
Gas demand from the U.S. largest liquefied natural gas producers soared on Friday to near-record levels on cooler weather and fewer outages, according to preliminary data from financial firm LSEG.
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Report: Trump, Dimon Speak Privately on Economy
President-elect Donald Trump and JPMorgan Chase CEO Jamie Dimon have been talking secretly, through back channels, in recent months with the Wall Street mogul helping Trump on his economic policy agenda before and after the election, according to a new report.