Date: July 27, 2018 United States: Trump Predicts Data Will Show U.S. Economy in ‘Terrific’ Shape President Donald Trump predicted data on Friday will show the U.S. economy is in “terrific” shape amid forecasts that growth topped 4 percent in the second quarter, the fastest since 2014. Speaking at a steel mill in Granite City,
Date-July 26 ,2018 United States: U.S. Economy Set to Benefit From China Slowdown as World Suffers The U.S. would probably benefit from a sharp slowdown in China’s economy even as the rest of the world suffers, according to calculations by Germany’s Bundesbank. What may seem like a counter-intuitive scenario has its roots in trade relations.
Date: July 25, 2018 United States: Trump Wants the Fed to Roll Back the U.S. Economy Doves on the Federal Reserve evidently have a vocal ally in President Donald Trump. He said recently that he's "not thrilled" about the Fed increasing interest rates – a move the central bank is expected to signal this week, without
Date: July 24, 2018 United States: The U.S. Economy Deserves a Lot More Credit The U.S. economy is rolling along with far better prospects for solid growth than is widely realized, despite the many distractions that abound. This suggests that the path of least resistance for the equity market is higher, even if the rise is
Date: July 23, 2018 United States: U.S. 4% GDP Growth Seen More ‘Luck of the Draw’ Than New Reality The U.S. economy may have hit 4 percent growth in the second quarter, the fastest since 2014 and a feat President Donald Trump will tout as a sign of his success. It’s more like a winning
Date: July 20, 2018 United States: Trump Says He’s ‘Ready To Go’ With $500 Billion in Tariffs on All China Imports President Donald Trump said he’s "ready to go" with tariffs on $500 billion of Chinese imports, saying the U.S. has been taken advantage of for too long. "I’m not doing this for politics. I’m
Date: July 19, 2018 United States: Fed’s Powell Says Gradual Rate Hikes Are the Best Path ‘For Now’ Federal Reserve Chairman Jerome Powell said the central bank will continue to gradually raise interest rates “for now’’ to keep inflation near target amid a strong U.S. labor market. The Federal Open Market Committee, the Fed panel
Date: July 18, 2018 United States: Powell Wants to Create Some Mystery Around Fed Meetings Change is in the air at the Federal Reserve. Chairman Jerome Powell’s semiannual monetary policy testimony in the Senate gave a big hint that we can no longer count on the explicit policy of gradual interest-rate hikes to continue too
Date : July 17, 2018 United States: Stocks Drop as Traders Await Powell; Oil Steadies: Markets Wrap U.S. equity futures fell alongside European stocks as investors digested a flood of earnings as well as prepared for the latest clues from the Federal Reserve on monetary policy in the world’s biggest economy. Most commodities climbed, as
Date: July 16, 2018 United States: Fed's Powell Says the U.S. Economy in ‘Good Place’ But Trade Is a Risk Federal Reserve Chairman Jerome Powell gave an upbeat assessment of the U.S. economy but warned a sustained period of high tariffs on a wide variety of imports could be harmful to growth. “I sleep pretty
