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  • Biden touts job growth and slowing inflation rates in speech on economy
    Economy News

    Biden touts job growth and slowing inflation rates in speech on economy

    January 27, 2023 /

    President Joe Biden cheered the news of higher than envisioned GDP progress and slammed Republican ideas to impose a national gross sales tax in a speech Thursday at a steamfitters union hall in Springfield, Va., his very first big economic speech of the new calendar year. “I am not confident the information could have been any improved – economic growth is up much better than authorities envisioned, 2.9{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502},” Biden mentioned, referencing a report launched previously Thursday by the Commerce Section. “I will not feel it’s unfair to say that this is all evidence that Biden economic system is basically working.” Biden put in substantially of the next 50 {515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} of…

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    Francis McGee Comments Off on Biden touts job growth and slowing inflation rates in speech on economy

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    Officials ‘optimistic’ for Hawaii’s economy despite US projections | News, Sports, Jobs

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    December 3, 2022
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    Economic oversight board unveils Puerto Rico growth blueprint

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    April 6, 2023
  • Earnings Reports, Layoffs Reflect Slowing Economy as 4Q GDP and Inflation Data Loom | Economy
    Economy News

    Earnings Reports, Layoffs Reflect Slowing Economy as 4Q GDP and Inflation Data Loom | Economy

    January 26, 2023 /

    On Thursday, the govt will difficulty its progress estimate of the nation’s economic output for the fourth quarter of 2022. The report on gross domestic solution will possible present the financial state grew at an once-a-year speed someplace around 2.6{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} or so, down from the 3.2{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} in the third quarter. The Federal Reserve’s marketing campaign to arrest inflation by boosting fascination fees is functioning and the repercussions of the larger borrowing prices are a slowing economic system that will be mirrored in the GDP facts. But for those people looking for far more evidence of a slowdown and even the chance of a economic downturn in the next fifty percent…

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    Francis McGee Comments Off on Earnings Reports, Layoffs Reflect Slowing Economy as 4Q GDP and Inflation Data Loom | Economy

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    Existing Homes Fall Again in October, Leading Indicators Signal Economic Downturn | Economy

    Existing Homes Fall Again in October, Leading Indicators Signal Economic Downturn | Economy

    November 21, 2022
    Inflation Rises in January But Annual Pace Eases Slightly | Economy

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    February 15, 2023
    China: Property sector keen to spur economy

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    December 22, 2022
  • Slowing Inflation, Resilient Consumers Bolster Optimism on the Economy | Economy
    Economy News

    Slowing Inflation, Resilient Consumers Bolster Optimism on the Economy | Economy

    December 6, 2022 /

    If very last 7 days confirmed something about the U.S. economic system, it is that client inflation has most likely peaked and is on its way down. This week will show no matter whether that ongoing for wholesale inflation in November and how it is influencing shopper sentiment. The value of oil, meanwhile, has fallen 30{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} about the past 6 months, although utilised automobile rates have tumbled and rents have begun stabilizing or even slipping in some of the most overheated marketplaces, according to Zumper. Nationally, the median rent for a two-bed room condominium fell by .4{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} in November. “We’re observing pandemic trends commence to unwind, and unwind rapidly, as…

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    Francis McGee Comments Off on Slowing Inflation, Resilient Consumers Bolster Optimism on the Economy | Economy

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    December 29, 2022
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    April 2, 2023
    US likely to make final interest rate hike: Economy news

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