Energy prices bump key US inflation index up in November

Rising prices for energy and other goods nudged a closely watched measure of US inflation a little higher in November, according to new data published Thursday. The modest uptick could offer comfort to Federal Reserve policymakers who raised the benchmark interest rate this month for the third time in 2017 despite a long streak of weak… Please follow and like us:

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Economy Growing At Fastest Pace In More Than Two Years

Last quarter, the U.S. economy grew at its quickest pace since 2015, and the unemployment rate has remained steady at a 17-year low, leaving some economists to question why the Republican tax bill, which will likely only create a small boost, was necessary. The $1.5 trillion tax cut package passed by Congress this week slashed corporate… Please follow and like us:

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Trump administration to impose duties on Argentina’s major export

WASHINGTON — The Trump administration will impose substantial trade penalties on a critical export for Argentina, delivering a significant blow to one of President Donald Trump’s few friends in the hemisphere. According to two people familiar with the plans, the Commerce Department will announce aggressive anti-dumping duties on biodiesel imports as soon as Friday. That would… Please follow and like us:

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Economy grew at fastest pace in two years during second quarter

The economy grew at the fastest pace in two years during the second quarter, the Commerce Department reported Wednesday, with stronger consumer spending contributing to President Trump’s goal of 3 percent growth. The government revised the gross domestic product growth rate upward from the previously expected 2.7 percent. In addition to stronger household spending, the Commerce… Please follow and like us:

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Trump Boom: Jobs Up, Trade Deficit Drops

The Trump boom continued on Friday, as the government released its latest jobs figures. The unemployment rate for July dropped to 4.3 percent, the lowest since the Dot-Com boom of the late 1990s and early 2000s. The unemployment rate was last this low in March 2001. The economy added 209,000 jobs in July, much more than… Please follow and like us:

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Economic growth rebounded to 2.6 percent annual rate in second quarter

WASHINGTON — The U.S. economy rebounded this spring after a weak winter, expanding at a solid 2.6 percent annual rate as consumers picked up their spending pace, the Commerce Department said Friday. Total economic output, also known as gross domestic product, for the April-through-June period was in line with analyst expectations for a bounce-back based in… Please follow and like us:

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Consumers spend at fastest pace in four months in a sign of spring economic rebound

WASHINGTON — Americans ratcheted up their spending in April at the fastest pace in four months in a sign the economy has rebounded this spring after a lackluster winter. The new data also could help push Federal Reserve officials to hike a key interest rate again when they meet in two weeks. Personal consumption expenditures increased… Please follow and like us:

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US economic growth slows in Q4 2016 from weak exports

US economic growth slowed more than expected in the final three months of last year. The first official estimate from the Commerce Department showed gross domestic product increased by 1.9 percent from the same period in 2015. That was a sharp deceleration from the 3.5 percent growth pace recorded between July and September. Soybean slump One… Please follow and like us:

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