New tariffs and concerns over widening trade disputes cast a shadow over the Federal Reserveās most recent survey of U.S. businesses even as all 12 regions reported continued robust job growth with few signs of overheating.
April 18, 2018Economy News Updates
Fed Says Tariff Concerns Cloud Otherwise Solid Growth Outlook
Soon-to-Be New York Fed Chief John Williams Sees Little Risk in Rate Hikes
John Williams, who will take the helm of the Federal Reserve Bank of New York in June, played down risks the yield curve would become inverted as the U.S. central bank gradually raises interest rates.
April 18, 2018Housing Starts Top Forecasts on Multifamily Construction
New-home construction rose by more than forecast in March on a rebound in multifamily starts, giving a boost to first-quarter economic growth, government figures showed April 17.
April 17, 2018IMF Spots Trouble for Global Economy After 2020
The International Monetary Fund predicted the world economyās strongest upswing since 2011 will continue for the next two years but warned the seeds of its demise already may have been planted.
April 17, 2018Factory Output Cools After Surging in Previous Month
U.S. factory production cooled in March after surging a month earlier, representing a pause in an otherwise strong manufacturing sector, Federal Reserve data showed April 17.
April 17, 2018Stock Selloff Deepens Amid Trump Trade Jabs
The selloff in U.S. stocks deepened April 6 as the White Houseās latest trade bluster rattled global financial markets.
April 6, 2018Treasury Secretary Steven Mnuchin Says Thereās āLevel of Riskā of US-China Trade War
Treasury Secretary Steven Mnuchin said there is āa level of riskā that the tariff dispute between the United States and China will erupt into a full-scale trade war, though heās ācautiously optimisticā that the worldās two largest economies will resolve differences through negotiations.
April 6, 2018Consumer Credit in US Rises by Lowest Amount in Five Months
U.S. consumer debt rose in February by the least in five months as credit card balances stalled, indicating Americansā appetite for borrowing waned further after a fourth- quarter shopping spree.
April 6, 2018Manufacturers Add 22,000 Jobs in March
President Donald Trump argues that heās getting tough on Chinaās trade practices to keep domestic manufacturers from dying. One hole in that argument: American factories are coming back to life on their own.
April 6, 2018Payrolls Rise Below-Forecast 103,000 as Wages Pick Up
U.S. hiring cooled in March after a strong February while wages picked up, returning labor-market progress to a more sustainable pace that keeps the Federal Reserve on track for further interest-rate increases.
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