Economy

Fed Chair Powell Maintains Path for Gradual Rate Hikes in 2018 and Beyond

Posted: July 17, 2018 at 10:35 am

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

Posted: July 17, 2018 at 9:50 am

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

Posted: July 17, 2018 at 6:25 am

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

Posted: July 16, 2018 at 10:00 am

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

Posted: July 15, 2018 at 6:59 am

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

Posted: July 13, 2018 at 10:35 am

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

Posted: July 12, 2018 at 3:20 pm

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?

Posted: July 11, 2018 at 8:15 am

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

Posted: July 11, 2018 at 6:55 am

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?

Posted: July 10, 2018 at 1:40 pm

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?

Posted: July 10, 2018 at 8:25 am

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%

Posted: July 8, 2018 at 7:13 am

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

Posted: July 6, 2018 at 8:50 am

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

Posted: July 6, 2018 at 6:50 am

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

Posted: July 5, 2018 at 10:50 am

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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