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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Here’s What You Have to Earn to Get a Mortgage in America’s 50 Largest Metropolitan Areas

An affordable housing crisis is growing across America, as home ownership prices keep growing at a pace unmatched by incomes and new construction. But disparities in home costs vary greatly, with progressive coastal epicenters being the priciest, while inland metropolitan areas have houses at a fraction of that cost. “As you likely know from your own… Please follow and like us:

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US slams World Bank lending to rich countries like China

World Bank lending to countries like China that are rich enough to finance their own development hurts poor countries that need help, a senior US Treasury official said Wednesday. David Malpass, Treasury’s under secretary for International Affairs, cited China as a prime example of the practice, as the World Bank’s biggest borrower with $2.4 billion in… Please follow and like us:

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Republican rollout of tax plan most likely delayed as talks continue

WASHINGTON — On the eve of a self-imposed deadline to unveil their tax-cut bill, House Republicans were still arguing Tuesday evening over key elements, including how fast to cut corporate rates, which state tax deductions to eliminate and whether to impose new caps on popular 401(k) retirement accounts, according to people familiar with the negotiations. GOP… Please follow and like us:

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Investors Say End of Bull Market Is Coming, but They Feel Fine

U.S. investors anticipate the protracted bull market to reverse course sometime this year, but aren’t getting too worked up about it, a third-quarter telephone survey by Wells Fargo/Gallup found. Indeed, the poll found investors fairly comfortable with the market as it lingers near historic highs. Sixty-one percent said it was a good time to invest, and… Please follow and like us:

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Inequality, low wages weaken global growth: IMF official

A hollowing out of the middle class in advanced economies like the US, amid weak wage growth and rising inequality, is holding back global growth, a senior IMF official said Monday. Tao Zhang, the International Monetary Fund’s deputy managing director, said the fund’s economic growth forecasts due out next month, will show little change in the… Please follow and like us:

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Free Markets Accomplish Progressives’ Housing Ideals

The people who live in coastal urban cities tend to be a pretty progressive bunch. We’re leading the country on minimum wage laws, paid sick leave, climate change mitigation, and a host of other important issues. We care deeply about equality of opportunity, and we’re willing to invest our time and money to advance that effort-even… Please follow and like us:

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