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News
Bessent’s move to tamp down rising rates backfires as bond yields jump and stocks tumble
3+ day, 10+ hour ago (499+ words) But that’s not what happened. Instead, most Treasury yields sharply jumped on the announcement. The 10-year bond yield surged to as high as 4.85%, its highest since November 2023. The 20- and 30-year bond yields surged to as high as 5.3%. When Treasuries fall,…...
Trumponomics triumphs in US jobs report — just in time for the midterms
4+ day, 14+ hour ago (213+ words) American manufacturing is on the rebound — and that good news could hardly come at a better time for President Donald Trump, as Republicans gird themselves for the midterm elections just two months from now. Manufacturing isn’t the only sector that’s…...
Canada sheds 42,000 jobs in August while U.S. sees burst of hiring
1+ week, 1+ day ago (261+ words) The Canadian economy’s labour market lost its steam in August, breaking a string of upbeat job reports ahead of the latest escalation of the trade war with the United States. Canada lost a net 42,000 jobs in August, falling short of…...
August Jobs Report Blows Past Forecasts, Putting a September Fed Rate Hike Back on the Table
1+ week, 1+ day ago (874+ words) The U.S. economy added 162,000 jobs in August, more than triple Wall Street’s forecast, giving the Federal Reserve more room to raise interest rates despite President Donald Trump’s escalating demands for cuts. Nonfarm payrolls increased by 162,000 in August, according to the Bureau…...
Trump doubles down on threat to halt trade with top partners unless Fed cuts rates
1+ week, 1+ day ago (210+ words) President Donald Trump on Friday doubled down on his threat to cut off trade with countries that have surpluses with the U.S. unless the Federal Reserve cuts interest rates. “What I’m saying, very simply, is that we should be paying the…...
Federal Workforce Down 11.2% Since Trump Took Office
1+ week, 1+ day ago (294+ words) The federal workforce has contracted by 336,000 employees since President Donald Trump took office, reflecting his administration’s drive to reduce the size of the government bureaucracy. Federal government employment fell by another 5,000 in August to 2.674 million, the Labor Department said Friday....
Trump tells Fed to slash rates or he’ll end trade with countries with U.S. surpluses
1+ week, 1+ day ago (369+ words) President Donald Trump on Friday demanded that the Federal Reserve slash interest rates or else he will cut off trade with countries with which the U.S. maintains trade deficits. Trump issued the sweeping ultimatum in a Truth Social post reacting to…...
U.S. payrolls rose 162,000 in August, much more than expected; unemployment rate at 4.1%
1+ week, 1+ day ago (69+ words) Nonfarm payrolls were expected to increase by 53,000 in August while the unemployment rate held at 4.1%, according to the Dow Jones consensus. Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794 Thank you very much and God bless you....
Year to Date price changes
1+ week, 3+ day ago (356+ words) OIL +59%, GASOLINE +85%, HEATING OIL +122%, COPPER +13%, LITHIUM +35%, SOYBEANS +26%, WHEAT +50%, RUBBER +35%, COTTON +42%, RICE +59%, WOOL +20%, SUGAR +22%, RAPESEED +23%, CORN +18%, TIN +36%, ZINC +25%, SULFUR +129%, FREIGHT +111% So besides that, no inflation? Are you still keeping track of covid deaths? As compared to what? A year ago? 6 months…...
Trump Says Grocery Bills Should Drop After He Renames A Few More Things 'America'
2+ week, 1+ day ago (226+ words) President Donald Trump assured the nation that the cost of groceries should drop just as soon as he renames a few more things "America." With affordability the top concern among likely voters, the administration has recommitted itself to naming even…...