Tag Archives: economic

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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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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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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U.S. personal income rose 0.4% in April, matching estimates

US consumer spending recorded its largest increase in four months, in April and monthly inflation picked up, pointed to the tightening of domestic demand in the early second quarter, the Federal Reserve to raise interest rates next month.

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Trump: ‘I just don’t want a poor person’ running the economy

President Donald Trump has offered a simple explanation for his well-to-do knowledge-supporting Cabinet decisions: Rich people, how to manage money better than poor people.

In a rambling aside on a rally in Iowa on Wednesday night, Trump responded to criticism about his choices for the top economic jobs, including the billionaire-investor Wilbur Ross to the Minister of Commerce and former Goldman Sachs President Gary Cohn for chief economic advisor.

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