US economy

White House preparing for recession?

White House officials have begun preparing options to help bolster the American economy and prevent it from falling into a recession, according to people familiar with the discussions. The measures include mulling a potential …

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Trump: 'I don't see a recession'

U.S. President Donald Trump said he doesn’t see a recession on the horizon after a volatile week for markets. "I don’t think we’re having a recession," Trump told reporters. …

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U.S. Fed cut rates for the first time since 2008

The U.S. Federal Reserve cut interest rates for the first time since the Great Recession in 2008 to help stave off the possibility of an economic downturn. Policymakers led by Fed Chairman Jerome Powell voted 8-2 …

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Fed: risks have grown to U.S. economy outlook

Federal Reserve Chairman Jerome Powell said the outlook for the U.S. economy has become cloudier since early May, with rising uncertainties over trade and global growth causing the central bank to reassess its next move on …

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 U.S. Fed holds interest rates steady

The U.S. Federal Reserve held interest rates steady but signaled possible rate cuts of as much as half a percentage point over the remainder of this year, as it responded to increased economic uncertainty and a drop in expected inflation. …

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Trump: U.S. interested only in economic wars

U.S. President Donald Trump said that the only sphere where Washington wants to "invade" is actually economy. During the interview with Fox News, Trump was asked to comment on Republican Sen. Lindsey …

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 Shutdown slows down U.S. economic growth

The U.S. economy cooled in the first two months of 2019, with growth characterized as "slight-to-moderate" across most of the country in a Federal Reserve survey. "About half of the districts noted that the government …

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 U.S. Congress estimates shutdown economic impact

The federal government shutdown cost the U.S. economy $11 billion, according to a new analysis from the Congressional Budget Office, reflecting lost output from federal workers, delayed government spending and reduced demand. The report …

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U.S. Fed raises interest rate to 2.5%

The U.S. Federal Reserve raised its benchmark interest rate a quarter-point but lowered its projections for future hikes. As markets had expected, the central bank took the target range for its benchmark funds rate to 2.25% to 2.5%. The …

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 Trump names biggest threat to U.S.

U.S. President Donald Trump said that the Federal Reserve's policy is the biggest threat to his presidency. "My biggest threat is the Fed," the president said during an interview with FOX Business. …

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 Is America on brink of next economic crisis?

Moody’s Analytics’ chief economist Mark Zandi is sounding the alarm over a surge in corporate debt among a concentrated group of U.S. corporations. Zandi suggests that the debt burden mirrors the subprime …

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Trump criticizes Federal Reserve interest rate policy

U.S. President Donald Trump criticized Federal Reserve policy even though most economists believe the highest inflation in seven years and lowest unemployment in 40 years justify recent interest rate rises and a strong U.S. …

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IMF puts itself at odds with Trump over US economy

The US budget deficit could trigger an upsurge of inflation and interest rates that shakes financial markets, according to a report by the International Monetary Fund. In a statement following its regular Article IV assessment of the …

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US Fed raises interest rates amid stronger inflation

The US Federal Reserve raised its benchmark short-term interest rate a quarter percentage point yesterday - to 1.75 percent to 2 percent. "The Committee expects that further gradual increases in the target range for the …

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Fed keeps key rate steady but notes rising inflation

The Federal Reserve is keeping its benchmark interest rate unchanged but says that inflation is climbing after years of being stuck below the Fed's target level, Odessa American reports. The Fed on Wednesday left its key short-term …

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US Fed raises interest rates

The US Federal Reserve raised rates yesterday in its first meeting under Chairman Jerome Powell. "The economic outlook has strengthened in recent months," the Fed said in a statement following its two-day …

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US national debt hits $21 trillion

The United States national debt exceeded $21 trillion for the first time, a little more than six months after it hit first $20 trillion on September 8, 2017. The national debt was $21.031 trillion on Thursday. The government releases …

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