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U.S. Economy
Jobs Data Might Hold Ominous Signs of What’s to Come: The Week Ahead
Jobs data can provide insight on US economic recovery as Covid rates spike and local governments tighten…
In Election Homestretch, Trump Win Isn’t Out of the Question: Week Ahead
Biden seems to be the national favorite, but a few key swing states could still tip the electoral vote in…
What to Make of Election Promises and Trade Policy: Week Ahead
With the final presidential debate now a wrap, the only thing left is to go out and vote.
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Trump Flip-Flops on Fiscal Stimulus Strategy, But Talks Go Nowhere
Trump puts relief talks on hold until after the election, but changes course in a series of tweets causing…
Election Debate: Will Biden Be Tough on China? Will Trump Get an Economic Boost?
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IHS Markit Predicts American Economy Will ‘Bounce and Fade’
IHS economists predicted U.S. gross domestic product to pass the pre-pandemic peak in early 2022 with full…
With Democratic Convention Over, Focus Shifts to Republican Response: Week Ahead
The Democratic focus on Covid-19 suggests the party's agenda centers on a national pandemic response and…
Clothing and Footwear Spending Spiked in June on Heels of Retail Restarts
After four consecutive months of declines, consumer spending has been up for the last two months.
GDP Set to Plummet to Historical Low in Second Quarter: IHS
This would be far and away the steepest one-quarter decline in quarterly data dating back to 1947, senior…
Why the Economic Recovery Looks More Like an L Than a V
As COVID-19 flareups continue, continued layoffs are a concern, but extended deflation could be an even…
Rising Covid Infections Suggests Steeper Recession Possible: Week Ahead
Rising COVID-19 infections are threatening a U.S. economic recovery as states either pause reopening plans or…
First-Time Jobless Claims Taper as Retail Vacancies Are Set to Spike
COVID-19's impact set the U.S. economy back by a few years, with a full recovery unlikely before 2022 and…
Fed Keeps Interest Rates Near 0% as Powell Says ‘Millions’ of Jobs Gone Forever
The Fed keeps short-term interest rates at near zero percent through 2022 while laying out a dismal forecast…
US Entered Into a Recession in February, Economic Watchdog Says
The National Bureau of Economic Research pegs the start of recessionary activity in February, ending a…