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Fed expected to keep rates unchanged as Chair Powell pivots back to economics
Read full article: Fed expected to keep rates unchanged as Chair Powell pivots back to economicsAfter two weeks of intense political and legal scrutiny, the Federal Reserve will seek to make this week’s meeting about interest rates as straightforward and uneventful as possible, though President Donald Trump probably still won’t like the result.
Federal Reserve shows unexpected unity, independence as it weathers Trump's attacks
Read full article: Federal Reserve shows unexpected unity, independence as it weathers Trump's attacksThe Federal Reserve’s nearly-unanimous decision Wednesday to reduce its key interest rate was seen by many observers as a quiet show of unity and independence amid President Donald Trump’s relentless pressure for steeper cuts and his unprecedented effort to fire a top Fed official.
US economy shrank 0.5% in the first quarter, worse than earlier estimates had revealed
Read full article: US economy shrank 0.5% in the first quarter, worse than earlier estimates had revealedThe U.S. economy shrank at a 0.5% annual pace from January through March as President Donald Trump’s import taxes at least temporarily disrupted business, the Commerce Department reported Thursday in a a downgrade from its previous estimate.
Employers add a solid 139,000 jobs in May, though hiring slows as some potential weaknesses appear
Read full article: Employers add a solid 139,000 jobs in May, though hiring slows as some potential weaknesses appearU.S. employers slowed hiring last month, but still added a solid 139,000 jobs amid uncertainty over Trump’s trade wars.
Unemployment rise spurs fears of slowdown, yet recession signals have been wrong — so far
Read full article: Unemployment rise spurs fears of slowdown, yet recession signals have been wrong — so farA surprising rise in the unemployment rate last month has rattled financial markets and set off new worries about the threat of a recession — but it could also prove to be a false alarm.
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