U.S. Payrolls, Wages Cool as Trade War Weighs on Economy
U.S. employers added the fewest workers in three months and wage gains cooled, suggesting broader economic weakness and boosting expectations for a Federal Reserve interest-rate cut as President Donald Trump’s trade policies weigh on growth.
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Powell calls for returning focus to the federal debt
Federal Reserve Chairman Jerome Powell said Wednesday that reducing the federal debt needs to return to the forefront of the agenda, warning that the government’s finances are unsustainable.
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Federal Reserve Says No Rate Hikes, 2.1% GDP Growth In 2019
The Federal Open Market Committee (FOMC) concluded its meeting at 2 PM ET today and announced that the Federal Reserve would not raise fed fund rates. The revised dot plot—which records individual committee members’ projections for where interest rates will be at year-end—indicated that the Fed will pause any further rate hikes until 2020.
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U.S. Credit Card Debt Closed 2018 at a Record $870 Billion
U.S. credit card debt hit $870 billion — the largest amount ever — as of December 2018, according to the data from the Federal Reserve. Credit card balances rose by $26 billion from the prior quarter.
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Markets deliver historic Christmas Eve drop as Trump feuds with Fed
U.S. stocks fell sharply Monday, making it the worst Christmas Eve trading day ever.
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Federal Reserve raises rates, over Trump protests, but signals it will slow rate hikes in 2019
Federal Reserve officials voted Wednesday to raise the central bank’s interest rate target, the fourth such rate increase of the year, but also signaled that they will slow the pace of rate hikes in 2019.
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