Category Archives: Economic news

Steve Bannon’s ‘economic nationalism’ is total nonsense

Former chief strategist and campaign manager Steve Bannon’s departure from the Trump White house certainly does not mean that an end to the demagogic and racist policy, in the Donald Trump kidnapped, for decades.

It does, however, the last solar Eclipse of the idea seems to mark, that Trump would be beyond demagoguery and create a vision of the “nationalist” economic policy in a meaningful way from the standard-issue pro-business Republican.

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A Yellen replacement is unlikely to throw Fed off course, says Bullard

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.

Six months, Janet Yellen, remains at the helm of the US Central Bank and, according to one of its members, the chances of a drastic overhaul are becoming less and less likely.

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Consumer sentiment hits lowest level since November

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.

U.S. consumer sentiment fell to 95.1 in June, a decline of 2.1 percent from may and the lowest level since November of 2016.

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US jobless claims rise, but the labor market is still buoyant

The number of Americans filing for unemployment pushed up last week, but the underlying trend remained consistent with a tight labour market.

First claims for state unemployment benefits rose by 2,000 to a seasonally adjusted 244,000 for the week ending 24. In June, the labor Department said on Thursday.

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Economy slowed less than expected in Q1, on a rise in spending and jump in exports

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.

Gross domestic product rose 1.4 percent annual rate instead of the 1.2 percent pace, the last month reported, said the Commerce Department in its final assessment on Thursday.

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Slowdown in US inflation due to one-off factors

A recent slowdown in the US inflation was mainly due to one-off factors, and should not prevent a further rise in interest rates, a top U.S. Central banker said on Monday.

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How shops are coping with a weaker pound

“I have to recharge, if the pound falls in value,” says the American DeLeon, Jian.

The 31-year-old editorial director at online fashion website Highsnobiety is unsurprisingly passionate about the clothes. He says his favorite luxury brands are now much cheaper in London.

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Fed’s Williams sees advanced economies stuck in low growth mode

To find the Central banks in the United States and other advanced economies themselves stuck with slow growth in the long term, unless the financial authorities to do something decisive to turn things around, a U.S. Central banker warned on Tuesday.

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Consumer confidence hits 118.9 in June, versus 116 estimate

The Consumer Confidence Index rose in June to 118.9, to fall, despite the expectations for him, The Conference Board Tuesday.

Economists expect the index falls slightly to 116 for the month of June, according to Thomson Reuters consensus estimates.

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“What’s the rush’ on interest rate hikes, asks Fed Kashkari

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.

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