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Fed expected to keep rates unchanged as Chair Powell pivots back to economics
Read full article: Fed expected to keep rates unchanged as Chair Powell pivots back to economicsAfter two weeks of intense political and legal scrutiny, the Federal Reserve will seek to make this week’s meeting about interest rates as straightforward and uneventful as possible, though President Donald Trump probably still won’t like the result.
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 attacksIn what was expected to be a contentious Federal Reserve meeting, policymakers on Wednesday instead emerged with a nearly unanimous voice to cut interest rates by a quarter-point.
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.