Date: June 28, 2018 United States: Powell Wants ‘Real Economy’ to Guide Fed Federal Reserve Chairman Jerome Powell is testing the economy’s room to run. It’s a strategy that contains both big benefits and risks for ordinary Americans and is causing excitement, tinged with caution, inside the central bank. Take Fed treatment of one of its
Date: June 27, 2018 United States: S&P Affirms U.S. Rating, Expects Last-Minute Debt Fixes to Continue S&P Global Ratings affirmed the U.S.’s sovereign credit score at AA+, the assessor’s second-highest grade, citing the country’s “diversified and resilient economy” while noting the impact of ongoing political wrangling on public finances. S&P kept a stable outlook on the
June 26, 2018 United States: Trade Tensions Rattle U.S. Stocks, Dollar Weakens: Markets Wrap Escalating trade tensions sent U.S. stocks to the steepest drop since early April, as President Donald Trump’s threats of more protectionism against major partners were met with Chinese and European vows of retaliation. The S&P 500 Index fell 1.4 percent, though
Date: June 25, 2018 United States: U.S. Plans Curbs on Chinese Investment, Citing Security Risk The Treasury Department is planning to heighten scrutiny of Chinese investments in sensitive U.S. industries under an emergency law, putting Washington’s trade war with Beijing on a potentially irreversible course. Under the plan, the White House would use one of
Date: June 22, 2018 United States: U.S. Growth Is ‘Close to a Peak’, But Risks Are Mounting The U.S. economy is booming this quarter as tax cuts power consumers and businesses. Yet risks are mounting that the high will be short-lived. The housing market is struggling to build on its progress thanks to supply constraints
June 21, 2018 United States: U.S. Growth Is ‘Close to a Peak’, But Risks Are Mounting The U.S. economy is booming this quarter as tax cuts power consumers and businesses. Yet risks are mounting that the high will be short-lived. The housing market is struggling to build on its progress thanks to supply constraints and
June 20, 2018 United States: Trump Faults China's Economic Policy as Threat to U.S. Security The world economy lurched closer to an all-out trade war as the Trump administration accused China of threatening U.S. economic interests and as the European Union made good on its threat to hit American goods with retaliatory tariffs. A scathing
June 19, 2018 United States: U.S. Stocks Slip as OPEC Outlook Supports Crude: Markets Wrap The S&P 500 slipped following stock declines in Europe and Asia amid concern over the escalating protectionist standoff between China and the U.S. Oil gained before a key OPEC meeting this week. U.S. equity gauges came off their lows of
June 18, 2018 United States: U.S. Fiscal Stimulus Raising Risks to Global Economy: IMF U.S. tax cuts and public-spending hikes are increasing risks to the global economy by boosting debt, potentially stoking inflation and pushing the dollar higher, the International Monetary Fund warned. Fiscal stimulus backed by the Trump administration and the Republican-controlled Congress will
June 15, 2018 United States Trump Approves Tariffs on $50 Billion of Chinese Goods President Donald Trump has approved tariffs on Chinese goods worth about $50 billion, said a person familiar with the decision, ratcheting up a confrontation on trade with Beijing and triggering losses in the domestic stock market. The Trump administration is preparing
