US economy

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Mnuchin Says U.S. Can Cope If Debt Ceiling Not Raised by August

EghtesadOnline: The U.S. government has “backup plans” for funding itself if Congress doesn’t raise the debt limit before lawmakers leave for their August recess as hoped, Treasury Secretary Steven Mnuchin said.
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Publish Date:10/June/2017 | 06:51

American Jobs Are Headed to Mexico Once Again

EghtesadOnline: After Donald Trump’s election, the flow of manufacturers setting up shop south of the border dwindled to a trickle. Ford Motor Co. and Carrier Corp., caught in Trump’s Twitter crosshairs, scrapped plans to move jobs to Mexico in two very public examples of the slowdown.
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Publish Date:01/April/2017 | 18:53

Momentum Builds for Yen to Break 110

EghtesadOnline: The most oversold Group-of-10 currency since the U.S. election is making a comeback. A reassessment on the likelihood of pro-growth policies in the U.S. after the failure of the health-care bill last week, and a series of domestic and technical factors have combined to reignite buying interest in the yen, and analysts see more upside.
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Publish Date:27/March/2017 | 13:10

Asean Braces for Uncertainty

EghtesadOnline: Asean members must remain vigilant to ensure a stable 2017 following their solid 2016, and are cautiously observing the latest developments in the world economies, particularly in the United States, China and Europe.
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Publish Date:19/March/2017 | 10:30

Atlanta Fed raises U.S. first-quarter GDP growth view to 2.4 percent

EghtesadOnline: The U.S. economy is on track to grow at a 2.4 percent annualized pace in the first quarter following the latest data on domestic housing starts, the Atlanta Federal Reserve's GDP Now forecast model showed on Thursday.
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Publish Date:16/February/2017 | 21:21

U.S. consumer spending, housing data bolster economic outlook

EghtesadOnline: U.S. consumer spending accelerated in December as households bought motor vehicles and cold weather boosted demand for utilities amid a rise in wages, pointing to sustained domestic demand that could spur economic growth in early 2017.
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Publish Date:31/January/2017 | 05:26

Weak exports curb U.S. fourth-quarter economic growth

EghtesadOnline: U.S. economic growth slowed sharply in the fourth quarter as a plunge in shipments of soybeans weighed on exports, but steady consumer spending and rising business investment suggested the economy would continue to expand.
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Publish Date:27/January/2017 | 16:33

Lagarde Says Trump’s Fiscal Plans Likely to Boost U.S. Economy

EghtesadOnline: President Donald Trump’s plans to overhaul the U.S. tax system and increase infrastructure spending should accelerate growth in the world’s biggest economy over the next two years, said International Monetary Fund Managing Director Christine Lagarde.
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Publish Date:27/January/2017 | 16:18

IMF Assumes Only a Modest U.S. Boost From Trump Stimulus for Now

EghtesadOnline: The International Monetary Fund is taking a cautious stance toward the policies of U.S. President-elect Donald Trump, who takes office this week, assuming only a modest boost to the U.S. economy from his promise of fiscal stimulus.
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Publish Date:16/January/2017 | 15:44

U.S. housing, consumer confidence data bolster economic outlook

EghtesadOnline: New U.S. single-family home sales rose more than expected in November and consumer sentiment hovered near a 13-year high this month, strengthening the view that the economy will gain further momentum next year.
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Publish Date:24/December/2016 | 06:53