Economy

Cramer: For the first time, Powell seems concerned about the economy, and that's good – CNBC
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CNBC Cramer: For the first time, Powell seems concerned about the economy, and that's goodCNBCFederal Reserve Chairman Jerome Powell's comments about the U.S. economy on Wednesday may have been the central bank chief's first real acknowledgment of an economic slowdown, CNBC's Jim Cramer says. "It's the first time that I've actually heard …What to do When […]

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Fed leaves rates unchanged, says US economy strong – Reuters
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Reuters Fed leaves rates unchanged, says US economy strongReutersWASHINGTON (Reuters) – The U.S. Federal Reserve held interest rates steady on Thursday but remained on track to keep gradually tightening borrowing costs, as it pointed to a healthy economy that was marred only by a dip in the growth of business …2-year Treasury yield hits highest level […]

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US Economy Grew at 3.5% Rate in Third Quarter – New York Times
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New York Times US Economy Grew at 3.5% Rate in Third QuarterNew York TimesThe Commerce Department released its initial estimate of third-quarter economic growth on Friday, providing the latest snapshot of the American economy. The Numbers. • United States gross domestic product rose at an annualized rate of 3.5 percent in …US GDP Grows Above-Forecast […]

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US Economy Grew At A 3.5 Percent Rate In 3rd Quarter – NPR
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NPR US Economy Grew At A 3.5 Percent Rate In 3rd QuarterNPRUpdated at 8:44 a.m. ET. The economy expanded at a 3.5 percent annual rate in the third quarter, the Commerce Department said Friday. That's slower than the second quarter's blockbuster 4.2 percent, but it puts the economy on pace for the fastest …Home Sales […]

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Another weak data point shows China's economy is 'now facing relatively obvious downward pressure' – CNBC
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CNBC Another weak data point shows China's economy is 'now facing relatively obvious downward pressure'CNBCA private manufacturing survey hit a 14-month low in August as the Caixin/Markit Purchasing Manager's Index (PMI) came in at 50.6 — the weakest since June 2017. Although output continued to expand, new orders rose at their slowest pace since May […]

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The Wisdom of Frugality: The Philosophy of Frugality in a Modern Economy
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This is the sixth entry in an eight-part weekly series that provides a detailed look at the book The Wisdom of Frugality by Emrys Westacott. If you’re new to the series, feel free to hop back to the first entry. One of the biggest arguments against frugality is that it appears to be unambitious, at […]

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Retirement in the Age of Uber: Can Gig Economy Workers Ever Call it Quits?
www.thesimpledollar.com

There are many upsides to the gig economy and freelance work, like the flexible schedule, the autonomy of being your own boss, and, if it’s a side hustle, the ability to earn extra income to pay off bills or save for special purchases. But a path to a stable retirement does not appear to be […]

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US Economy Was Weaker Last Quarter Than We Thought – Wall Street Journal
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Wall Street Journal US Economy Was Weaker Last Quarter Than We ThoughtWall Street JournalWASHINGTON—Economic growth was slower at the beginning of this year than the government previously reported, as consumers pulled back spending and the housing market weighed down output. Gross domestic product, a broad measure of the goods …US first-quarter GDP growth lowered; weekly jobless […]

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Breaking from GOP orthodoxy, Trump increasingly deciding winners and losers in the economy – Washington Post
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Washington Post Breaking from GOP orthodoxy, Trump increasingly deciding winners and losers in the economyWashington PostPresident Trump is increasingly intervening in the economy, making decisions about corporate winners and losers in ways that Republicans for decades have insisted should be left to free markets — not the government. The shift amounts to a major change […]

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US Fed Hints Policy Shift as Economy Ready for Yet Another Rate Hike – Sputnik International
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Sputnik International US Fed Hints Policy Shift as Economy Ready for Yet Another Rate HikeSputnik InternationalThe US central bank under Jerome Powell is expected to introduce innovative and untested monetary policy measures to help President Trump reform the staggering US economy. Kristian Rouz – After President Trump picked Jerome Powell to chair the …and more »

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Yellen sounds upbeat on economy, signaling likely rate hike – CNBC
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CNBC Yellen sounds upbeat on economy, signaling likely rate hikeCNBCFed Chair Janet Yellen gives a bright outlook for the U.S. economy and inflation in the coming months. Her comments suggest the Fed will soon resume raising interest rates. Most economists expect a rate hike in December. Published 7 Hours Ago Updated 1 …Yellen Calls Inflation the […]

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