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 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.
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.
A large health insurance company is privately concerned that a little-noticed provision in the Senate-could health to bill up the premiums for small business health plans.