US economy
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Stocks Get Boost From Earnings as Treasuries Fall
EghtesadOnline: U.S. stocks rose amid better-than-expected earnings from several industry heavyweights, adding to evidence that the strengthening economy is lifting corporate profits.
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U.S. Economy Doing Just Fine But 3% Growth Still a Challenge
EghtesadOnline: Despite fourth-quarter U.S. growth missing forecasts, the world’s largest economy is doing just fine. The latest results also underscore just how challenging it will be to reach…
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Jerome Powell’s Views on U.S. Monetary Policy in His Own Words
EghtesadOnline: President Donald Trump is expected to nominate Federal Reserve Governor Jerome Powell to seize the reins of the central bank when Chair Janet Yellen’s term ends in February 2018,…
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U.S. Consumer Confidence Just Hit Its Highest Level in Almost 17 Years
EghtesadOnline: U.S. consumer confidence rose more than expected in October to the highest in almost 17 years as Americans grew more confident about the economy and job market, according to figures…
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U.S. Says It Will Fight ‘Distortions’ Caused by China's Economy
EghtesadOnline: The U.S. said it will combat the “distortions” to the world economy created by China’s economic system, especially in markets for steel and aluminum.
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U.S. Economic Growth Rebounds, But Breaking Out Is Hard to Do
EghtesadOnline: The U.S. economy’s second-quarter rebound puts the expansion back on its familiar, steady path more than it heralds anything new and exciting.
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Fed expected to leave rates unchanged; balance sheet in focus
EghtesadOnline: The Federal Reserve is expected to hold interest rates unchanged on Wednesday and possibly hint that it will start winding down its massive holdings of bonds as soon as September…
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Bonds Gain, Stocks Steady as CPI Tests Fed Resolve
EghtesadOnline: Bonds rebounded while U.S. stock futures were steady before U.S. inflation data and bank earnings that will serve as a test for the strength of the economy.
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Wall Street climbs after jobs data as tech, financials rise
EghtesadOnline: Wall Street stocks closed on a high note Friday, with the S&P 500 index posting its best gain in six sessions on the heels of a U.S. payrolls report that gave investors more confidence…
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Equity Rally Extends to Asia on Tech Share Rebound
EghtesadOnline: Asian stocks extended a global advance as technology shares continued a rebound and hawkish comments from a Federal Reserve official allayed concerns about the strength of the…
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U.S. Stocks Mixed, Dollar Lower on Growth Concern
EghtesadOnline: U.S. stocks eked out a gain, while the dollar weakened with Treasury yields after poor housing data and a slump in consumer sentiment added to signs the American economy’s growth…
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Bloomberg's Economic Surprise Index has now retreated below zero for the first time this year
Temperature of U.S. Economy Running Cooler Than Forecast
EghtesadOnline: While President Donald Trump is looking for some "very good numbers" on U.S. growth shortly, the economic data of late have fallen short of economists' forecasts.
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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…
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Wall Street sees Fed on track for rate hike in June despite tepid May jobs data: Reuters poll
EghtesadOnline: Wall Street's top banks are united in the belief the Federal Reserve will raise U.S. interest rates when it meets in two weeks' time, but recent choppy data on the U.S. economy…
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Larry Fink Says Europe Has Brighter Economic Outlook Than U.S.
EghtesadOnline: The U.S. economic outlook is looking worse because of uncertainty over tax and infrastructure policies while Europe is looking stronger, according to BlackRock Inc.’s Larry Fink.
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U.S. economy slowed less than expected in first quarter; outlook cloudier
EghtesadOnline: The U.S. economy slowed less than initially thought in the first quarter, but softening business investment and moderate consumer spending are clouding expectations of a sharp…
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U.S. Stocks Edge Higher, Dollar Gains as Oil Dips
EghtesadOnline: U.S. stocks limped into the weekend on a sluggish final day of trading, while the dollar fluctuated with oil as investors assessed data showing the U.S. economy on firm footing.
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The U.S. Economy Is Back on Track
EghtesadOnline: The U.S. economy is back on track for steady growth, though not much more. Data released Friday showed consumer retail purchases rose last month, albeit less than forecast, after…
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From two would-be Fed leaders, the central bank needs to change
EghtesadOnline: Unemployment is at a decade low, the American economy is growing, and inflation is nowhere in sight, yet for two leading candidates to head the Federal Reserve, the central bank…
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Wall Street slips on weak GDP data, but indexes rise in April
EghtesadOnline: Stocks edged lower on Wall Street on Friday after data showing the U.S. economy grew at its weakest pace in three years in the first quarter gave traders a reason to cash recent…
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Two of Wall Street's Biggest Names Are Sounding the Alarm on the U.S. Economy
EghtesadOnline: Two of Wall Street’s most influential CEOs -- Larry Fink and Jamie Dimon -- are raising warning flags over the nation’s economy.
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Dollar Drops to Low After Dudley Says No Rush to Increase Rates
EghtesadOnline: The dollar dropped to a session low in choppy trading after New York Federal Reserve Bank President William Dudley said that 2 more rate increases in 2017 seem about right, though…
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Bond Traders Are No Fools, Dismissing Bluster of Four Rate Hikes
EghtesadOnline: To kick off the second quarter, bond traders will look to a fresh reading on the job market to gauge which Federal Reserve speaker has the best grip on the U.S. economy.
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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…
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Pound Retreats on Brexit Day; Europe Stocks Drift
EghtesadOnline: European stocks and U.S. share futures struggled for direction as a bounce on optimism over the American economy faded and President Donald Trump battled to revive his legislative…
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Consumer confidence hits 16-year high in boost to economy
EghtesadOnline: U.S. consumer confidence surged to a more than 16-year high in March amid growing labor market optimism while the goods trade deficit narrowed sharply in February, indicating…
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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…
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Wall Street drifts lower; investors worry about tax-cut delay
EghtesadOnline: Wall Street drifted lower on Monday as investors worried that President Donald Trump's plan to cut taxes and boost the economy could take longer than previously expected.
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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…
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U.S. factory, consumer sentiment data boost economic outlook
EghtesadOnline: U.S. factory output increased for a sixth straight month in February while consumer sentiment rebounded in early March, underscoring the economy's resilience even as growth appears…