U.S. Economy Archives - Page 2 of 2

2024-09-14

Interest payments on the national debt top $1 trillion as deficit swells

A view shows a bronze seal beside a door at the U.S. Treasury building in Washington, U.S., January 20, 2023. Kevin Lamarque | Reuters The U.S. government for the first time has spent more than $1 trillion this year on interest payments for its $35.3 trillion national debt, the Treasury Department reported Thursday. With the Federal Reserve holding benchmark…

2024-09-09

Yellen says U.S. economy remains solid, heading toward ‘soft landing’

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U.S. Secretary of the Treasury Janet Yellen speaks listens to a presentation during a tour at the IRS Processing Facility on September 06, 2024 in Austin, Texas. Brandon Bell | Getty Images Treasury Secretary Janet Yellen sought to reassure the public on Saturday that the U.S. economy remains strong, despite a string of weak job reports that have rattled…

2024-09-08

U.S. job market slows but it’s not yet a ‘three-alarm fire’: economist

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A “Now Hiring” sign is seen at a FedEx location on Broadway on June 07, 2024 in New York City. Michael M. Santiago | Getty Images Why there’s ‘slowing momentum’ Employers added 142,000 jobs in August, the Bureau of Labor Statistics reported Friday, a figure that was lower than expected. The good news: That figure is an increase from…

2024-09-04

Harris $50,000 small business startup tax deduction ahead of Trump debate

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Democratic presidential nominee and U.S. Vice President Kamala Harris delivers remarks at a campaign rally in Savannah, Georgia, U.S., August 29, 2024. Elizabeth Frantz | Reuters Vice President Kamala Harris on Wednesday will unveil a new proposal to provide small businesses with a $50,000 tax deduction for startup expenses, ten times the current $5,000 allowable deduction, according to a…

2024-08-20

Trump, Harris inflation arguments questionable: Chicago Fed president

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Austan Goolsbee speaking at Jackson Hole on Aug. 8, 2023. David A. Grogan | CNBC Chicago Federal Reserve President Austan Goolsbee on Sunday warned against misrepresenting the inflationary impacts of corporate price hikes and tariffs, which have become focal points of the Trump and Harris campaigns’ economic platforms. Goolsbee steered away from directly speaking on the presidential race given…

2024-08-17

Here’s the deflation breakdown for July 2024 — in one chart

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Fotostorm | E+ | Getty Images Inflation cooled below 3% in July 2024, the first time it dropped beneath that level in more than three years. While many areas of the U.S. economy are disinflating — meaning their prices are still rising, though at a slower rate — some have been outright deflating. That means their prices have actually…

2024-08-08

10-year Treasury yield hovers near 4.00% after jobless claims decline

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U.S. Treasury yields rose Thursday as Wall Street assessed weekly jobless claims data that came in below expectations, easing concern from July’s payroll report last week that the labor market was weakening. The yield on the 10-year Treasury was around 3 basis points higher at 3.994%. The yield on the benchmark is near its highest level since last Thursday,…

2024-08-07

10-year Treasury yield rebounds from lowest level in more than a year

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Treasury yields bounced back on Tuesday as investors closely monitored a reversal of the previous day’s global market sell-off. The yield on the benchmark 10-year Treasury note traded around 11 basis points higher at 3.889% at 3:44 p.m. ET. It comes after the yield on the 10-year Treasury note on Monday fell to its lowest level since June 2023….

2024-08-03

How Japan’s yen could be ripping through U.S. stocks

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A man walks past an electronic quotation board displaying the exchange rate for the Japanese yen against the US dollar in Tokyo on August 2, 2024 Kazuhiro Nogi | Afp | Getty Images The key driver of global markets is the yen exchange rate, according to one financial historian, who warned the trend should concern those “entirely focused on…

2024-08-02

Investors weigh interest rate outlook

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Traders work on the floor of the New York Stock Exchange on July 24, 2024. Spencer Platt | Getty Images Treasury yields fell Thursday as investors digested comments from Federal Reserve Chair Jerome Powell, who suggested a September rate cut was on the table, along with a jump in U.S. jobless claims. The benchmark 10-year Treasury yield traded at…

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Tag: U.S. Economy

Interest payments on the national debt top $1 trillion as deficit swells

Yellen says U.S. economy remains solid, heading toward ‘soft landing’

U.S. job market slows but it’s not yet a ‘three-alarm fire’: economist

Harris $50,000 small business startup tax deduction ahead of Trump debate

Trump, Harris inflation arguments questionable: Chicago Fed president

Here’s the deflation breakdown for July 2024 — in one chart

10-year Treasury yield hovers near 4.00% after jobless claims decline

10-year Treasury yield rebounds from lowest level in more than a year

How Japan’s yen could be ripping through U.S. stocks

Investors weigh interest rate outlook

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