US economy
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How Close Is the U.S. to Full Employment? Trump and Yellen Disagree
EghtesadOnline: Trump's job goals are rubbing up against the Fed's determination to keep inflation under control.
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Fed expected to raise rates as U.S. economy flexes muscle
EghtesadOnline: The Federal Reserve is expected to raise interest rates for the second time in three months on Wednesday, encouraged by strong monthly job gains and confidence that inflation…
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U.S. economy slows in the fourth-quarter; consumer spending remains bright spot
EghtesadOnline: U.S. economic growth slowed in the fourth quarter as previously reported, with robust consumer spending offset by downward revisions to business and government investment.
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Trump Wants Credit for Cutting the National Debt. Economists Say Not So Fast
EghtesadOnline: President Donald Trump asked on Twitter why the media hasn’t reported that the national debt has dropped since his inauguration. One explanation, some economists said: Trump couldn’t…
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Buffett Says Immigrants Help ‘Miraculous’ Story of America
EghtesadOnline: Billionaire investor Warren Buffett, wading into the national debate over immigration, said the “miraculous” achievements of the U.S. economy since its founding can be attributed…
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Cleveland Fed chief 'comfortable' raising rates if economy keeps performing
EghtesadOnline: Cleveland Federal Reserve President Loretta Mester said on Monday she would be comfortable raising interest rates at this point if the economy maintained its current pace of performanc…
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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…
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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…
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Dollar slips on lacklustre U.S. data, concerns over Trump trade policy
EghtesadOnline: The dollar fell on Monday, nudged off a one-week high against a basket of currencies after Treasury yields declined on data showing the U.S. economy growing more slowly than expected.
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U.S. economy slows on wider trade gap; business spending rises
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…
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U.S. Economic Momentum Faces Wild Card in Trump Trade Policy
EghtesadOnline: The U.S. economy entered 2017 with a solid head of steam, driven by consumer spending and a pickup in business investment. President Donald Trump could add to that momentum, or…
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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…
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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,…
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U.S. GDP Growth Cools on Trade Drag; Business Outlays Rise
EghtesadOnline: U.S. economic growth slowed more than forecast last quarter on the biggest drag from trade in six years and more moderate consumer spending. Business investment picked up, which…
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Inside the Mind of Mnuchin: Too-Strong Dollar May Hurt Economy
EghtesadOnline: U.S. Treasury Secretary nominee Steven Mnuchin said an “excessively strong dollar” could have a negative short-term effect on the economy.
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Trumponomics may be wrong medicine for U.S. economy today
EghtesadOnline: Tax cuts, deregulation and more federal spending advocated by the incoming Trump administration are a classic remedy for economic stagnation and long unemployment lines.
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Soros Says Markets to Slump With Trump, EU Faces Disintegration
EghtesadOnline: It’s tough to be gloomier than billionaire George Soros right now. America has elected a would-be dictator as president, the European Union is disintegrating, U.K. Prime Minister…
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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…
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The economy was stronger in 2016 than several previous election years
What History Has to Say About the Economy Trump Will Inherit
EghtesadOnline: Research suggests factors beyond the control of any U.S. president, not their actual policies, set the course of the economy. Yet with voters, President-Elect Donald Trump will…
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U.S. Economic Growth Revised Up to 3.5% Pace in Third Quarte
EghtesadOnline: The U.S. economy expanded more than previously reported last quarter on bigger contributions from a range of factors including services spending, intellectual property and construction…
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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…
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Fed's Lacker says more than three rate hikes likely needed in 2017
EghtesadOnline: The Federal Reserve will likely need to raise interest rates more than three times next year and faces challenges in gradually cooling off the U.S. economy, Richmond Fed President…
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U.S. housing starts tumble from nine-year high; permits suggest strength
EghtesadOnline: U.S. homebuilding fell more than expected in November, tumbling from a nine-year high as construction activity declined broadly, the latest sign of slower economic growth in the…
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Trump says China, others devalue currencies as U.S. economy improves
EghtesadOnline: U.S. President-elect Donald Trump on Friday said that China and other countries often devalue their currencies as the U.S. economy improves, vowing to combat currency manipulation…
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Once terrified, hedge fund managers warm to Trump
EghtesadOnline: Hedge fund managers were largely united in their dislike for Donald Trump before the election. Now they are optimistic that he can use his pro-growth policies to improve the economy…
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Trump-Trade Rally Pushes Dollar to Weekly Surge as Bonds Slump
EghtesadOnline: The Trump-trade has dominated markets this week. The dollar extended its record winning streak against the euro on speculation Donald Trump’s economic policies will trigger faster…
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Tough reality check for Trump's pledge of better heartland jobs, wages
EghtesadOnline: Donald Trump's promise to revive small town America faces a tough challenge in an economy that for decades has been wired to direct income and opportunities towards urban hubs…
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Fed's Fischer says labor market strong, Fed could overshoot goals
EghtesadOnline: The U.S. labor market is close to full strength and the economy could at some point overshoot the Federal Reserve's goals for employment and inflation, Fed Vice Chairman Stanley…
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U.S. mutual fund managers brace for closer presidential election
EghtesadOnline: The U.S. presidential election is looking like less of a certainty for Democratic nominee Hillary Clinton than it did a month ago, prompting mutual fund managers to brace for…
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Strong U.S. job growth, rising wages boost Dec rate hike prospects
EghtesadOnline: U.S. employers maintained a strong pace of hiring in October and boosted wages for workers, which could effectively seal the case for a December interest rate increase from the…