U.S. economy

US Inflation Balloons: 2.9 Pct Over Past 12 Months
US Inflation Balloons: 2.9 Pct Over Past 12 Months
August 13, 2018  |  Retail

Core inflation spiked 2.9 percent over the last 12 months, essentially flattening wage gains that had edged into the last several months’ economic reports. The July...

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The Fed Used Swipe Data To Assess Economic Impact Of Storms
The Fed Used Swipe Data To Assess Economic Impact Of Storms
August 10, 2018  |  Economy

To determine the economic impact of the big storms that hit the U.S. in 2017, the Federal Reserve turned to First Data Corp.’s swipe information...

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Members Of Hacking Group FIN7 Arrested In Europe
Members Of Hacking Group FIN7 Arrested In Europe
August 01, 2018  |  Security & Fraud

Three people associated with the hacking group FIN7 — also known as Carbanak — were arrested in Europe and are facing charges in the United States....

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Consumer Spending Increases In June Driven By Restaurants, Accommodations
Consumer Spending Increases In June Driven By Restaurants, Accommodations
July 31, 2018  |  Economy

Driven by spending at restaurants and on accommodations, U.S. consumer spending increased in June, setting the stage for a strong economy heading into the third...

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Magic Beans (No, Not Really) Help Quicken US Economic Growth In 2Q
Magic Beans (No, Not Really) Help Quicken US Economic Growth In 2Q
July 27, 2018  |  Economy

Economic growth? It all amounts to a hill of beans. A really big hill of beans. Okay, we’re not being literal. But the economic data...

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Why U.S. Corporations Remain Optimistic Amid So Much Uncertainty
Why U.S. Corporations Remain Optimistic Amid So Much Uncertainty
July 26, 2018  |  Economy

Trade disputes and other features of rising global uncertainty aren’t enough to deter U.S. corporations from remaining optimistic, according to the New York Times. Reports...

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Market Watchers Say US Recession Is Coming
Market Watchers Say US Recession Is Coming
July 16, 2018  |  Economy

Market watchers have sent out a warning that the U.S. economy might be heading toward a recession. According to Reuters, the rise of risk premiums...

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Retail Sales Rise 0.5 Percent In June
Retail Sales Rise 0.5 Percent In June
July 16, 2018  |  Retail

Topping off a quarter of strong consumption, Americans spent more at retailers in June than the prior month. The Commerce Department said on Monday (July...

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Rising Wages May Be A Headwind For Retailers
Rising Wages May Be A Headwind For Retailers
July 09, 2018  |  Market Conditions

As the market grapples for momentum before companies report second-quarter earnings, rising wages may prove to be a headwind: Labor Department data indicates that the...

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