White House National Economic Council Director Kevin Hassett has moved to the front of the pack in the search for the next Federal Reserve chair, people familiar with the process tell Bloomberg.
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US Budget Deficit Hits $284 Billion in October
The U.S. government posted a higher $284 billion deficit for October in a report delayed and impacted by the recent federal government shutdown and reflecting record tariff revenues offset by a shift of some November benefit payments into last month's data, the Treasury...
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Stephen Moore to Newsmax: Expect 'Blockbuster' Economy in 2026
Economist Stephen Moore told Newsmax on Tuesday that the U.S. economy has shown steady strength throughout President Donald Trump's second term and is positioned for what he called a "blockbuster year" in 2026.
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Capex Spending on AI Masks Economic Weakness
The U.S. economy's recent growth has a distinctive engine: large‑scale capital expenditures (capex) tied to artificial intelligence (AI). Firms such as Microsoft, Alphabet (Google), Meta Platforms, and Amazon have announced massive investments in data centers, servers,...
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Core wholesale prices rose less than expected in September; retail sales gain
The producer price index was expected to increase 0.3% in September, according to the Dow Jones consensus estimate.
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Consumer confidence hits lowest point since April as job worries grow
The board's Consumer Confidence Index slumped to 88.7, a drop of 6.8 points from the prior month for its lowest reading in seven months.
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