Tag Archives: federal reserve

US Construction Spending Up, Housing Rebound Expected to Continue in 2020

Spending on U.S. construction projects rose a solid 0.6 percent in November as gains in home building and government projects offset weakness in nonresidential construction. It was the fifth consecutive monthly gain and a sharp improvement from a tiny 0.1 percent October advance, according to a Commerce Department report Friday. The acceleration was led by…

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More Bad News for Dems: Trump’s Economy Still Growing, Beat Last Quarter Estimates

The U.S. economy grew at a 2.1 percent annual rate over the summer, faster than first estimated, the government said Wednesday. The July-September growth rate in the gross domestic product, the economy’s total output of goods and services, exceeded the Commerce Department’s initial estimate of a 1.9 percent annual rate. A key reason is that…

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Trump Economy Sparks US Stocks Toward Record Highs

U.S. stocks inched higher in morning trading Friday as a week dominated by uncertainty regarding progress with U.S.-China trade talks comes to a close. President Donald Trump said that a deal between the world’s largest economies is “potentially very close” after Chinese President Xi Jinping said Beijing is working to “try not to have a…

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Trump Is Right: Federal Reserve Is Acting Lawlessly

President Donald Trump has been highly critical of the Federal Reserve, and now we know he is right in at least one important way. Luckily, Republicans in Washington are responding by providing the GOP with the legal ammunition it needs to stop the Fed’s lawlessness once and for all. Earlier this year, Republican Sens. Mike…

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