Tag: US Economy
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Is the Job Market Getting Worse? What We Know About the U.S. Labor Market Amid a Government Shutdown
Why the Job Market Status Is Hard to Pin Down Right Now In the United States, a government shutdown often creates a fog over critical economic gauges. One of the most closely watched metrics—the monthly labor market report—has faced delays due to funding stalemates in Congress. Without timely data, economists, policymakers, and workers have less…
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Tariffs Stay: Wilbur Ross says Trump’s trade policy is too committed to backtrack
Ross argues for the durability of Trump’s tariffs Former U.S. Commerce Secretary Wilbur Ross is making a pointed case: the tariffs imposed during Donald Trump’s presidency are unlikely to be reversed by a Supreme Court ruling, and backing off would amount to a “horrific decision” for a policy he helped craft. In interviews and discussions…
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Powell Signals More Rate Cuts as US Job Market Cools
Overview: Powell Ignores a Cooling Jobs Market as It Pushes for Policy Easing Federal Reserve Chair Jerome Powell signalled a readiness to consider another quarter-point cut to U.S. borrowing costs as the labor market shows fresh signs of cooling. Speaking in Philadelphia, Powell warned that downside risks to employment have risen, a clear indication that…
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Inflation Still High After Fed Rate Cut, Trump Claims Victory
Inflation persists as political and policy signals diverge Inflation has been on a bumpy trajectory in recent months, rising in three of the last four and staying safely above the Federal Reserve’s 2% target. Yet a chorus of political and policy voices—most prominently President Donald Trump and some Fed officials—have offered a markedly optimistic read.…
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Trump Revives Trade Conflict with 100% Tariff on US Imports from China
Background: A swift escalation in the trade battle In a dramatic shift, President Donald Trump revived the United States’ trade dispute with China by announcing a 100% tariff on many US-bound imports from China and promising new export controls on critical software by early November. The move comes after China expanded its own restrictions on…
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Trump Announces 100% Tariff on China Over ‘Extraordinarily Aggressive’ Trade Stance
Trump Threatens 100% Tariff on China, Citing Aggressive Trade Moves In a post on his Truth Social platform, former President Donald Trump announced a sweeping new tariff proposal aimed at China. He said the United States would impose an additional 100% tariff on imports from China, describing Beijing’s recent trade actions as an “extraordinarily aggressive…
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Gold surpasses $4,000 as global uncertainty fuels historic rally
Gold sails past $4,000 as uncertainty drives record rally The price of gold surged to a record high of more than $4,000 an ounce, reflecting a global investor mood that favors safe havens amid economic and political uncertainty. Spot gold briefly traded above $4,011 an ounce in Asia, while gold futures reached a similar level,…
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Dollar Falls in NY FX Market as ADP Data Boosts Rate Cut Bets
Market Overview: Dollar Dips in NY FX Market The dollar eased in late New York trading as softer U.S. employment signals intensified bets that the Federal Reserve will deliver additional rate cuts this year. The dollar index drifted lower, while major forex pairs retraced earlier gains and the dollar weakened against the yen and the…
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US job openings barely budged in August at 7.23 million
August job openings hold steady at 7.23 million U.S. job openings in August edged up to 7.23 million from 7.21 million in July, the Labor Department said Tuesday. Economists had forecast a drop to 7.1 million, making the report a touch stronger than expected in a period of economic uncertainty tied to policy shifts and…
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US Job Openings Hold Steady in August as Uncertainty Persists
August Job Openings Hold Steady Amid Economic Uncertainty WASHINGTON — U.S. job openings were essentially unchanged in August, ticking up to 7.23 million from 7.21 million in July. The Labor Department’s Job Openings and Labor Turnover Survey (JOLTS) arrived as policymakers and business leaders weigh a mix of headwinds, including ongoing trade policy uncertainty under…