July Consumer Sentiment Slips but Still Robust
The final July reading from the University of Michigan's consumer sentiment survey is down slightly from the June reading, but over the past 12 months, sentiment remains strong.
Economy
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GDP Growth of 4.1% Impressive, but US GDP Now Over $20 Trillion
It turns out that all the hype about higher growth actually can come true. GDP for the second quarter saw its largest gain in about four years.
Venezuela to Drop 5 Zeros From Currency, Back It With Crypto Token
Venezuelan President Nicolas Maduro on Wednesday said that a new currency will next month replace the wildly inflated bolÃvar. But what does that mean?
Wall Street and Businesses Race to See Trump’s Tweets First
To miss President Trump's tweets as they hit Twitter is to risk a business opportunity or to miss a danger worth knowing about—now.
Inflation Rate in Venezuela at 1 Million Percent
Venezuela's inflation is pegged to hit 1,000,000% this year according to the IMF. That's in the same league as German inflation in the 1920s and Zimbabwean inflation in the first decade of this century.
Beyond Q2 GDP and Tariffs: Manufacturing & Goods Already Mixed for Rest of 2018
With second-quarter GDP reading coming out this Friday, there have been several economic reports that already point to July's manufacturing activity.
City Budgets in an Era of Increased Uncertainty: Understanding the Fiscal Policy Space of Cities
A paper by Michael Pagano and Christopher Hoene for the Brookings Institution reviews the effects on city budgets affected by cuts in the federal budget and how cities might cope with those effects.
The Future of Money: Digital Currency
Brookings Institution Fellow Eswar Prasad testified last week on digital currencies and central banks before a U.S. House subcommittee on monetary policy and trade.
Surprise, Surprise: Income Inequality Is Getting Worse
The average income of a top 1% U.S. household is more than 26 times the average of one in the bottom 99% of households.
North Korea GDP Hammered, Challenging Government
North Korea's GDP dropped the most last year that it has since 1997. This trouble poses a challenge to dictator Kim Jong-un, who oversees a nation in which millions of people live in poverty.
How Trump Could Stifle Economic Growth: Roubini
NYU economist Nouriel Roubini sees an end to the positive impacts of the Trump administration's economic policies and a beginning of a string of negative effects.
Heat Wave Continues Scorching North Africa
After setting record-breaking levels in the first week of July, temperatures in North Africa have moderated only a little. The high Wednesday was just a few degrees short of the all-time high set less…
Fed Chair Powell Maintains Path for Gradual Rate Hikes in 2018 and Beyond
To hike or not to hike, that is the question some investors have for the Federal Reserve regarding their stance on U.S. interest rates and monetary policy.
The World’s 10 Best Metro Economies
The world's cities are now home to more than half of the global population and the 300 largest cities account for nearly half of all global growth in employment and GDP per capita.
IMF Expects US to Be Fine
The IMF's World Economic Outlook Update finds the global and U.S. economies in good shape but offered some new warnings.