US consumer prices rise a slight 0.1% in August

Posted on September 12, 2019, Updated:September 12, 2019 by RSS Robot

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Consumer prices slowed in August, rising by a slight 0.1%, reflecting a big drop in the cost of gasoline and other energy products.

US weekly jobless claims drop to five-month low

Posted on September 12, 2019, Updated:September 12, 2019 by RSS Robot

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The number of Americans filing applications for unemployment benefits fell to a five-month low last week.

Mnuchin says Trump could do a China trade pact at any time, but wants a ‘good’ deal for US workers

Posted on September 12, 2019, Updated:September 12, 2019 by RSS Robot

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Mnuchin says Trump could do a China trade pact at any time, but wants a ‘good’ deal for US workers

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But Mnuchin tells CNBC Trump still has all options available to him, including raising taxes on imports from China.

China wants a two-track approach to the trade talks, WSJ reports

Posted on September 12, 2019, Updated:September 12, 2019 by RSS Robot

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China wants to draw a line between talks about trade and other foreign affairs, the Wall Street Journal reported on Thursday.

Weekly mortgage applications rise as buyer’s market takes hold

Posted on September 11, 2019, Updated:September 11, 2019 by RSS Robot

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Weekly mortgage applications rise as buyer’s market takes hold

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Homebuyers are taking advantage of lower mortgage rates and a slow summer for sellers, and that is driving mortgage applications higher. Total mortgage application volume rose 2% last week compared with the previous week.

Trump says Fed ‘boneheads’ should cut interest rates to zero ‘or less,’ US should refinance debt

Posted on September 11, 2019, Updated:September 11, 2019 by RSS Robot

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Trump says Fed ‘boneheads’ should cut interest rates to zero ‘or less,’ US should refinance debt

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President Donald Trump on Wednesday continued his verbal assault on the Federal Reserve, who he blames for slowing the economy.

Real US debt levels could be 2,000% of economy, a Wall Street report suggests

Posted on September 11, 2019, Updated:September 11, 2019 by RSS Robot

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Putting all that together paints a daunting picture but one that requires nuance to understand.

US job openings decline for second straight month

Posted on September 10, 2019, Updated:September 10, 2019 by RSS Robot

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U.S. job openings fell for a second straight month in July amid decreases in wholesale trade and the federal government, which could bolster economists’ views that job growth has peaked.