Category: Economy

Turkish leaders are ‘in a hole of their own making’ 

Economic conditions kicked off the lira’s tumble, and global tensions aggravated it, but one former ambassador says Turkey could tap out at any time — if...

Why a few economists think US job growth might not last without one key ingredient

Despite a strong jobs report in July, economists Satyam Panday and Anthony Chan said that growth may not continue. Source link

As the Fed meets, the specter of pressure from Trump and the market looms

Mr. Market probably still carries more weight with the Federal Reserve, but Mr. President is likely to maintain a presence when it comes to monetary policy. President...

Kudlow says Friday’s GDP number is going to be ‘big’

Kudlow is the latest administration official to talk about an economic data point ahead of its release, something not historically common from the White House. President...

Trump poised to take control of the Federal Reserve

In the second quarter of 2018, the growth in non-seasonally adjusted money supply (M2) has been zero. That’s right, the money supply did not grow at all. This is...

The bond market raises recession fears, but don’t expect one soon

Economists at TS Lombard think the recession prognosticators actually are watching the wrong yield curve. They say that rather than looking at the spread between 2s and...

Republicans take little action to stop Trump tariff trade war with China

As Trump has showed his opposition to the Corker proposal, it has gone nowhere in Congress. The top Republican in both the Senate and House have cast doubts on whether...

China retaliates, accuses US of launching ‘largest trade war in history’

China immediately slapped retaliatory tariffs on U.S. imports on Friday after the U.S. imposed duties on $34 billion worth of Chinese products, signaling the start of a...

Treasury, IRS announce postcard-size form 1040 for next year

Treasury Secretary Steven T. Mnuchin said in a statement, “The new, postcard-size Form 1040 is designed to simplify and expedite filing tax returns, providing...

Stock market is getting whiplash over Trump trade policy

Still, major indexes actually notched small gains heading into midday Tuesday despite the vertigo-inducing news developments. Lutts said he has faith the trade...