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OMAIR SHARIF
Trump says he doesn't trust the jobs data, but Wall Street and economists doPresident Trump's firing of the BLS director over revised jobs data has sparked controversy, with accusations of political interference. De...- US economy is set to lose billions as foreign tourists stay awayThe US economy faces a potential revenue loss in 2025 due to declining foreign tourism and boycotts, exacerbating recession risks. A drop i...
- Can Donald Trump tackle rising costs? Poll shows most Americans skeptical about groceries, housing, and healthcareAs Donald Trump begins his second term, a significant portion of Americans remain sceptical about his ability to address pressing economic ...
- Fed seen cutting rates another 50 bps in NovemberThe Federal Reserve is expected to deliver another 50-basis-point interest rate cut in November after U.S. inflation showed signs of coolin...
- Fed gets green light on rate cuts as job growth disappointsFederal Reserve policymakers are likely to start cutting interest rates this month after a government report showed U.S. employers added fe...
- Fed set to double its economic growth forecast after strong US economic dataFollowing a string of stronger-than-expected reports on everything from consumer spending to residential investment, economists have been b...
- US inflation picks up, but details under the surface are encouragingThe upshot was that inflation continued to show signs of seriously receding after two years of rapid price increases that have bedeviled po...
- What recession? Some economists see chances of a growth reboundThe Fed has lifted rates from near-zero early last year to above 4.5% as of last week — the fastest series of policy adjustment in decades.
- Inflation and wage data suggest US prices will keep climbingSome signs indicate that certain categories of inflation may moderate in the coming months, though not by very much: Gas prices have fallen...
- US inflation reached a new 40-year high in June of 9.1%inflation to a new four-decade peak in June, further pressuring households and likely sealing the case for another large interest rate hike...
- Surging gas prices likely drove US inflation to 40-year highSo far in July gas prices have fallen from the eye-watering $5 a gallon reached in mid-June to an average of $4.66 nationwide as of Tuesday...
- US government shutdown may depress January job growthAbout 380,000 workers have been furloughed, while the rest are working without pay.
- US weekly jobless claims showcase economy's strengthThese followed data last week showing employers hired the most workers in 10 months in December.
- US Fed to see 2 more rate hikes in 2017; shrink balance sheet by year-endThough expected to raise rates this week, Fed policymakers are being pulled in two directions.
- A red flag is popping up that should stop Fed from raising ratesUS economic growth slowed to its weakest pace in three years during the first quarter, while employment gains have also lost momentum.
- US jobless rate falls to 9% in JanuaryThe US jobless rate unexpectedly fell in January to the lowest level since April 2009 at 9%, while payrolls rose less than forecast, depres...
- US output loses steam, job fears hit sentimentProduction in the US cooled in August as automakers scaled back following a surge in output the prior month.
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