Economy

U.S. Federal Reserve

Janet Yellen and Fed Keep Rates Flat, Hint at Future Hike Chances

The Federal Reserve's Federal Open Market Committee (FOMC) has decided to leave interest rates unchanged at its two-day June meeting. This should hardly be a surprise to any economist or ...
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jet engine

Fed Has to Deal With Worst Durable Goods Report in Almost 2 Years

The U.S. Department of Commerce has released its reading on durable goods for the month of June. Durable goods matter because they sum up what is happening in the big-ticket ...
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Shoppers

US Consumer Confidence in July Downplays Brexit Fears

Tuesday may have marked the first day of a two-day Federal Open Market Committee (FOMC) meeting, but investors and economists should take at least some comfort in that the consumer ...
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Money wallet, income copy

Philadelphia, One Of America’s Most Expensive Cities, Hosts Democratic National Convention

Philadelphia, home of the Democratic National Convention, is one of the most expensive cities in America, has a median household income of $62,171, a poverty rate of 13.4%, and a ...
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train yard

Chicago Fed Shows Broader US Economy Not Worrying About Brexit

Maybe the U.S. economy is truly thinking "So What About Brexit!" if the Federal Reserve Bank of Chicago is accurate. Its latest Chicago Fed National Activity Index (CFNAI), which is ...
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Hagia Sophia

Turkey: When a Coup Doesn’t Destroy a Market

When told of a failed coup and a round of thousands of arrests of military, government and civilian people, most investors might just assume that the local stock market would be crushed. ...
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Cleveland

Cleveland Among Worst, Most Segregated, Most Miserable Cities in America

Cleveland, where the Republic National Convention will be held, has a number of deep problems. Among them is that it is one of the worst cities to live in, and ...
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Inflation Ahead

When Wholesale Inflation Rises, Maybe

Not all that long ago, the investing community was being led to believe that the United States never would have to worry about inflation and that the U.S. economic stagnation was starting to ...
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scales

Fed Beige Book Positive, But Still Doesn’t Consider Many New Post-Brexit Improvements

Wednesday, July 13 brought yet another view from the Federal Reserve. The Fed's Beige Book is a summary of commentary on current economic conditions. It was prepared at the Federal ...
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Hurricane over Cuba

Zika Virus Sufferers Concentrated In New York, Florida

According to the CDC there were 1,133 confirmed Zika cases between the start of 2015 and early this month. Almost 40% of those cases were reported in Florida and New ...
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small business owner

Small Business Optimism Rises in June

The National Federation of Independent Business (NFIB) Tuesday morning reported that its small business optimism index for June rose 0.7 point, from 93.8 in May to come in at 94.5. ...
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Shanghai

The Hague Arbitration Rules Against China in South China Sea Dispute

In one of the mot anticipated rulings about international law as relates to China's claim to the rights of large portions of the South China Sea, an arbitration panel has ...
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IMF HQ, DC

IMF Cuts Euro Area Growth to 1.4% for 2017

The Brexit will cost the euro area dearly next year, according to the International Monetary Fund (IMF). It has cut its forecast for 2017 GDP growth to 1.4% from 1.6%. ...
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Network

Impact of Digital Economy Varies Widely Throughout the World

A country's ability to take advantage of information and communications technology in order to increase its competitiveness and well-being depends on its readiness quickly to implement and adopt new technologies ...
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Help wanted sign

ADP Report Adds Support for Better BLS Payrolls for June

ADP has released its National Employment Report for the month of June. This is viewed as a key directional indicator each month for the key unemployment and payrolls report from ...
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