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News
Jobless Claims Remain Below 200,000 For Third Straight Week—First Time in 57 Years
3+ hour, 13+ min ago (299+ words) breitbart.com The number of new claims for unemployment benefits remained near a historical low last week, indicating few Americans are losing their jobs to layoffs. The Department of Labor said on Thursday that 199,000 people filed for benefits for the…...
Breitbart Business Digest: Warsh Is Right About the Costs of Too Much Fed Talk
17+ hour, 32+ min ago (925+ words) The Reaction Function Fundamentalists Are Lost in a Maze of Mirrors Yesterday, we argued that Federal Reserve Chairman Kevin Warsh should resist demands that he publicly articulate the Fed’s monetary-policy so-called “reaction function.” But since many of Warsh’s critics persist…...
U.S. Services Sector Optimism Rises as Sales and Activity Accelerate
1+ day, 4+ hour ago (641+ words) Business at U.S. service companies picked up sharply in July, and executives grew more optimistic about the months ahead, surveys released Wednesday showed, a sign the economy entered the second half of the year on firmer footing than expected. The service…...
Breitbart Business Digest: Why Warsh Should Not Cave to the Reaction Function Fundamentalists
1+ day, 19+ hour ago (451+ words) The Myth of the Explicit Reaction Function’s Necessity Critics of Kevin Warsh’s new approach to monetary policy have fixed upon a strange idol: the reaction function. The careful critics insist they are not demanding forward guidance. It’s just fine for…...
Consumer Sentiment Rises More Than Expected In July
6+ day, 5+ hour ago (239+ words) Consumer sentiment rallied in July as gasoline prices tumbled and inflation indexes turned negative. The University of Michigan’s final July sentiment index rose to 55.2 this month, according to data released Friday. That was better than expected and an increase from…...
Despite frustration over high prices, Federal Reserve is expected to keep rates unchanged - for now
1+ week, 1+ day ago (656+ words) Federal Reserve policymakers are losing patience with inflation, which has been stuck above their 2% target for more than five years. Meeting in Washington Tuesday and Wednesday, the Fed is expected to keep its benchmark interest rate unchanged. Members of the…...
Will tough talk be enough? Fed Chair Warsh faces pressure to combat inflation
1+ week, 1+ day ago (775+ words) The Federal Reserve is expected to keep its key interest rate unchanged when it meets Wednesday, but chair Kevin Warsh is under increasing pressure to hike rates soon, a move that could provoke ire from President Donald Trump, who appointed…...
Consumer Confidence Slips Lower as Views of Current Conditions Fall For Third Straight Month
1+ week, 2+ day ago (321+ words) Consumer confidence edged lower in July amid softer hiring and a dim view of business conditions. The Conference Board’s index of confidence slid 1.4 points to 90.8 after an upward revision to the prior month, data released Tuesday showed. This was below…...
U.S. economic confidence improves, still low, Gallup poll says
1+ week, 2+ day ago (332+ words) July 27 (UPI) — Economic confidence in the United States has rebounded from a recent low set in May, but overall Americans remain pessimistic, a Gallup poll released Monday indicates. Gallup’s Economic Confidence Index increased to -31 for July after falling to -45 in…...
US Federal Reserve expected to hold rates steady as inflation swirls
1+ week, 4+ day ago (679+ words) The US Federal Reserve is set to hold its second meeting under new chairman Kevin Warsh starting Tuesday, with markets expecting policymakers to keep interest rates steady amid inflation concerns that could be exacerbated by US President Donald Trump’s renewed…...