As President, Donald Trump officially started his presidential career in January, deafening whispers to circulate around Washington that it is soon the end of another coveted title: the Federal Reserve chair was able to write.
The attitude of the consumer is tarnished in June, as U.S. consumer confidence slipped to a seven-month low, a new report showed on Friday, but still rising slightly above economists ‘ expectations.
The number of Americans filing for unemployment pushed up last week, but the underlying trend remained consistent with a tight labour market.
The U.S. economy slowed less in the first quarter than originally estimated expenditure due to unexpectedly higher consumer and a larger jump in exports.
With inflation low and wages there is little sign of an upward wave, the US Central Bank should not increase interest rates, Minneapolis Fed President Neel Kashkari said on Tuesday.
“What’s the hurry?” Kashkari asked, at an event at the Michigan Technological University in Houghton, Michigan to add that neither wages nor inflation data, signs of overheating in the economy and in fact may suggest that there is still some slack in the labour market.