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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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