The U.S.-China trade war will cut 2019 global growth to its slowest pace since the 2008-2009 financial crisis, the International Monetary Fund warned on Tuesday, adding that the outlook could darken considerably if trade tensions remain unresolved.The IMF said its latest World Economic Outlook projections show 2019 GDP...
A slew of weak economic data, increasing trade tensions and slowing GDP growth have flashed signs of an economic slowdown.No one can predict exactly when a recession will occur. If the U.S. economy is in a recession, how will we know?The National Bureau of Economic Research, a nonprofit...
A fundamental shift in the spending habits of U.S. millennials will have an incredible impact on the world's largest economy, according to the CEO of Smead Capital Management.U.S. adults aged between 21 and 38 years old will prioritize "necessity spending" over the next decade, Bill Smead told CNBC's...
Some Federal Reserve policymakers expressed concern at their most recent meeting that markets are expecting more rate cuts than the central bank intends to deliver, according to minutes released Wednesday.The Federal Open Market Committee approved a quarter-point rate cut at the Sept. 17-18 meeting, putting the overnight funds...
U.S. consumer prices were unchanged in September and underlying inflation retreated, supporting expectations the Federal Reserve will cut interest rates in October for the third time this year amid risks to the economy from trade tensions.The Labor Department said on Thursday the flat consumer price index last month...
The number of Americans filing applications for unemployment benefits unexpectedly fell last week. (Source)
The Federal Reserve will soon start growing its balance sheet again, a response in part to the jolt to overnight lending markets in September, Chairman Jerome Powell said Tuesday.How the Fed will go about expanding the securities it holds will be explained in the coming days, though Treasury...
A home mortgage sign on a Wells Fargo branch in Brooklyn, New York.Getty ImagesAn unexpected decline in mortgage interest rates had homeowners calling their lenders last week, looking to save money on their monthly payments.Refinance demand surged, pushing total mortgage application volume up 5.2% last week compared with...
U.S. producer prices unexpectedly fell in September, leading to the smallest annual increase in nearly three years, which could give the Federal Reserve room to cut interest rates again later this month.The weak producer inflation readings reported by the Labor Department on Tuesday came against the backdrop of...
Investors, business owners and consumers should be heeding the message that the inverted yield curve is sending, according to the researcher who pioneered the economic forecasting model.Duke University professor Campbell Harvey said people shouldn't wait for the economic downturn he anticipates before taking preventive measures."This is the time...