Economy

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. Other investors just ...
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The World’s 10 Best Metro Economies

More than a third (36%) of global job growth and two-thirds of global GDP growth are accounted for in just 300 cities around the world. More than half of the ...
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IMF Expects US to Be Fine

The International Monetary Fund has issued its World Economic Outlook Update. While its experts commented that the global economy is in good shape, it posted new warnings that reflect the ...
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Retail Spending Jumps Again in June: Census Bureau

U.S. consumer spending increased by 6.6% year over year to $56.8 billion in June and up by 0.5% month over month from an upwardly revised May total of $504.3 billion. ...
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Detroit, Still Dead, Struggles With Population, Poverty, Blighted Housing

Downtown Detroit, near what is called the GM Renaissance Center, has had a renaissance. Corporations and entrepreneurs have revived the area near the Detroit River. Much of the balance of ...
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July Consumer Sentiment Dips on Trade Concerns

The preliminary University of Michigan Consumer Sentiment Index for July slipped slightly to a reading of 97.1 after posting a reading of 98.2 in June. The preliminary reading is 4% ...
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Under the Radar: The Supreme Court Decision Brett Kavanaugh Is Most Likely to Overrule

By William A. Galston of the Brookings Institution Brett Kavanaugh, President Trump's nominee to replace retiring Supreme Court Justice Anthony Kennedy, is less likely to override Roe v. Wade than ...
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US to Impose Tariffs on $250 Billion Worth of Chinese Goods–How Much Is That, Exactly?

The U.S. president has ordered the U.S. Trade Representative Robert Lighthizer to identify Chinese exports to the United States that will be subject to a 10% tariff on a total ...
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As Trade Wars Rise, Markets Won’t Fall

The threat of trade wars between the United States and other large nations, particularly China, has been a concern for months. Now, the Trump administration says it may add a ...
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The Sustainable Development Goals and Climate Finance: Catalytic Agent or Empty Vessel?

By Jackson Ewing and Avia Nahreen for the Brookings Institution Climate change is creating an investment challenge. Although overhauling traditional energy systems, curtailing harmful industry practices, and scaling emerging technology ...
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Is China Really Reforming Its Business Practices?

The U.S. trade battles with China have not yet become a full-fledged war, but there does not appear to be any roadblock to that eventual outcome. Chinese President Xi Jinping ...
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This City Has an Unemployment Rate of Only 1.5%

Meet Ames, Iowa, which has the lowest unemployment rate among all U.S. cities at 1.5%. This universe includes the 388 metro areas measured by the BLS. Based on May numbers, ...
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These 10 States Are the Most Exposed to a Potential Trade War

It has probably been the most discussed economic and political story of 2018, and it is one that probably will stay front and center for some time. After years of ...
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Every American Needs to Buy a Box of Nails

The trade war with China has begun in earnest, with the U.S. levying $34 billion in tariffs and the People's Republic responding in kind. President Trump says the tariffs could ...
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ADP Sets Cautious Tone for Friday’s Labor Department Report on Job Growth

There may be a bit of a more muted expectations for Friday's key payrolls and unemployment report from the U.S. Department of Labor. The private sector payrolls report from ADP ...
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