Economy

FOMC’s Forecast for Rate Cuts in 2019 Is Slower Than Market Expectations

We now know what the Federal Reserve's decision on interest rates is for the June 19, 2019 FOMC meeting. Fed Chairman Jerome Powell and fellow voting members decided to leave ...
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Fitch Quantifies GDP Growth Damage for 2020 If More Tariffs Come

It is not at all unusual for economists and market watchers to worry about trade tensions escalating. Where things break apart between the glass viewed as half-empty or half-full is ...
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New York Area Manufacturing Activity Plummets in June

The Federal Reserve Bank of New York has released its Empire State Manufacturing report for the month of June. While this is just one region, it is viewed as being ...
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Fed Models Suddenly Call for Stronger Than Expected GDP Growth

With all the media's calls for a recession in the coming quarters, the public frequently gets very mixed information and opinions about the real state of the economy. The first ...
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Retail Sales Rise Ahead of Tariffs

May's reading on retail sales did manage to post a 0.5% seasonally adjusted gain. That's the good news. The bad news is that this was under the consensus target of ...
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The World’s Least Peaceful Country Is in Central Asia, US Is Toward the Bottom

War-torn, impoverished and politically unstable, the least peaceful nation in the world can be found in Central Asia, according to a well-respected global study of how people feel about their ...
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Could Immigration Reform Brighten CFOs Gloomy Economic Outlook?

Almost half (48.1%) of U.S. chief financial officers (CFOs) expect the U.S. economy to be in recession by the second quarter of next year and 69% believe that a recession ...
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Federal Reserve’s Inflation Targets Still Elusive

The Federal Reserve really wants inflation to be at or close to 2.0% per year, and it has a threshold for up to 2.5% inflation before it worries that prices ...
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This Is How Much Child Support Varies From State to State

Sometimes it seems as if almost every regional statistic these days can be color-coded red or blue, with sharp divides according to the states’ voting patterns. But that’s not the ...
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Is an MBA Worth the Cost?

The top-ranked graduate business school in the country, according to U.S. News & World Report, is the University of Pennsylvania's Wharton School. For students entering the Master of Business Administration ...
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UK Moves Toward Recession

The gross domestic product of the United Kingdom fell 0.4% in April, another sign the world's economies have become sluggish. The drop also probably was driven by trouble created by ...
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IMF Warns U.S. Trade War With China Threatens Global Growth

Christine Lagarde, Managing Director of the International Monetary Fund (IMF), said what almost every economist already knows. At the Group of 20 meeting of Finance Ministers and Central Bank Governors, ...
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IMF Issues Review of US Economy, Warns About Debt, Trade

The United States will celebrate the longest economic expansion in history next month. July marks the 10-year anniversary of the turnaround begun in June 2009 to repair the country's economy ...
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Household Wealth Rose by a Stunning 4.5% So Far in 2019

The Federal Reserve's Flow of Funds report issued each quarter might not sound like the most exciting topic to discuss over a happy hour, but something inside that report should ...
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Fitch Downgrades Mexico

Trade tensions and oil: these are the reasons rating agency Fitch downgraded Mexico's sovereign debt to BBB. It was an insult of sorts to a country that has cleaned its ...
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