A Fed rate cut in 2020 is now on the table as coronavirus spreads, economist says

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The spread of the coronavirus could lead global central banks including the Federal Reserve to leverage their policies to stem the weakness, says Benn Steil, international director of economics at the Council on Foreign Relations.

US trade deficit shrinks in 2019 for first time in six years

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The U.S. trade deficit fell for the first time in six years in 2019 as the White House’s trade war with China curbed the import bill, keeping the economy on a moderate growth path despite a slowdown in consumer spending and weak business investment.

Weekly mortgage refinance applications spike 15% as interest rates plunge to lowest in nearly 4 years

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Homeowners rushed to take advantage of the sharp drop in interest rates last week. Refinance demand pushed total mortgage application volume up 5% for the week to the highest level since 2013, according to the Mortgage Bankers Association.

Fed’s Bostic says new virus hasn’t changed his outlook

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Fed’s Bostic says new virus hasn’t changed his outlook


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China’s virus outbreak has prompted traders to begin pricing in a U.S. interest rate cut by June but has not swayed the views of Atlanta Federal Reserve Bank President Raphael Bostic, one of 17 Fed officials who set U.S. monetary policy.

Fourth quarter GDP could show economy entered a slower growth patch at year-end

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Economic growth in the final quarter of the year is expected to be on par with third quarter’s 2.1%, but it is also likely to herald the start of a slower trend that could continue through the first half of this year.

China’s coronavirus could bring jobs, manufacturing back to the US, Trump Commerce Secretary Wilbur Ross says

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China’s coronavirus could bring jobs, manufacturing back to the US, Trump Commerce Secretary Wilbur Ross says


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“The fact is, it does give businesses another thing to consider when they go through their review of their supply chain,” Trump Commerce Secretary Wilbur Ross said of the deadly coronavirus.