Economy

America May Be Aging, but Millennials Are Taking Over

The median age in the United States has risen from 35.3 years old in 2000 to 37.9 years old in 2016, according to data released Thursday by the U.S. Census ...
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July 4th Holiday Travel to Hit All-Time Record, as More Than 44 Million People Leave Home

According to AAA, travel over the July 4 holiday will hit an all-time record. The association said that 44.2 million Americans will travel more than 50 miles from their homes. ...
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Global Economy Getting Stronger: Fitch Ratings

The global economy grew at a 2.5% rate last year, and researchers at Fitch Ratings expect that rate to improve to 2.9% in 2017 and 3.1% in 2018, the highest ...
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Credit Card Defaults Hitting 4-Year Highs

Whether an investor, a business owner or an average working person, every single one of us has to worry about the broad economic trends. We can all remember the pain ...
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This Summer’s Best Road Trips and the Best Credit Cards to Help Pay for Them

Nearly 80% of U.S. families plan to take a road trip this summer — and who can blame them? Gasoline prices are about four cents a gallon lower than they ...
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Why the Fed May Not Be Able to Shrink Its Balance Sheet

Along with the Federal Reserve’s expected hike of the federal funds rate to a range of 1.00% to 1.25%, what really captured investor attention was the addendum the Federal Open ...
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China’s Economy Will Catch US in 2034?

Some Chinese economists believe their country will catch the United States in total gross domestic product (GDP) within 37 years. Their calculation is based on an annual growth rate of ...
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7% of Americans Say Chocolate Milk Comes From Brown Cows, Same Number as Fake Moon Landing Believers

How now, brown cow? The question took on renewed relevance this week following an online survey by the Innovation Center of U.S. Dairy that found 7% of all American adults ...
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The End of Quantitative Easing: Fed Rate Hike Trumped by Selling Down Massive Balance Sheet

Janet Yellen and the Federal Open Market Committee have confirmed what the market was bracing for (or hoping for) -- a Fed Funds rate hike. What is also now on ...
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Inflation Reports Throw Curve Ball for Fed Rate Hike Ambitions

On a day when the Federal Reserve is expected to hike interest rates, investors, economists and business owners might wonder what lower inflation readings will do to the decision-making of ...
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6 Most Important Things in Business Now

The International Energy Agency (IEA) said that oil demand will not pick up until 2018. Crude has traded around $50 for the past two months. It has recently dropped below ...
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Jobs Gap Closes, Though Recovery Remains Uneven, Says OECD

A new report from the Organization for Economic Cooperation and Development (OECD) on the job market for its 35 member nations found that employment rates have finally returned to pre–financial ...
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Fed Rate Hike Dilemma: Negative Sovereign Yields Back on the Rise

With all eyes on the Federal Reserve's Federal Open Market Committee and an expected rate hike this week, it is easy to forget that there is a whole wide world ...
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Ahead of Expected Rate Hike, Consumer Inflation Expectations Head South

The week of June 12 to June 16 is almost certain to bring an interest rate hike from the Federal Reserve's Federal Open Market Committee. That consensus estimate is for ...
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FOMC Watch: Why Fed’s Balance Sheet Language Will Trump Interest Rate Hikes

Global financial markets, economists and consumers alike are all about to get a fresh diagnosis on the growth expectations of the economy. The Federal Open Market Committee (FOMC) of the ...
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