Inflation has been slowing down for the last two months, suggesting that the Fed will not hike rates this year.
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…
The post US Construction Spending Up, Housing Rebound Expected to Continue in 2020 appeared first on The Western Journal.
Congress pass $1 trillion spending bill, while Fed continues pumping billions into repurchasing market.
Manufacturing and overall industrial output improved, with sharp upticks in autos, business equipment, and consumer goods.
Capital spending and technology spending plans rose in December, suggesting strength ahead for manufacturing
The New York Fed is getting ready for a possible liquidity crunch at the end of the year.
The world’s greatest inflation fighter has died.
Business investment rebounded, easing fears that the manufacturing sector would continue to slowdown into year end.
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…
The post More Bad News for Dems: Trump’s Economy Still Growing, Beat Last Quarter Estimates appeared first on The Western Journal.
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…
The post Trump Economy Sparks US Stocks Toward Record Highs appeared first on The Western Journal.
Since the creation of the Federal Reserve, the US dollar has lost over 96 percent of its value.
President Donald Trump on Monday confirmed he met Federal Reserve Chairman Jerome Powell at the White House to discuss monetary policy.
Stocks moved higher despite impeachment inquiry, China trade deal worries, and Fed chair Powell standing pat.
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…
The post Trump Is Right: Federal Reserve Is Acting Lawlessly appeared first on The Western Journal.
Uncertainty over trade policy is not likely to be the primary cause of depressed business investment in the U.S.
Fed chair Jerome Powell cut rates and promised he would only hike if inflation posed a significant threat.
The Fed delivered the quarter-point cut that the market expected on Wednesday.
The market is all but certain Federal Reserve officials will cut interest rates at the end of their two-day meeting this week. But what comes next is anyone’s guess.
The “temporary liquidity operations” are looking a lot less temporary with each passing day.
The Fed is back in the business of buying Treasury bills again but it really, really doesn’t want you to call it QE.