The U.S. Treasury department is preparing recommendations for streamlining some banking regulators, Semafor reported Monday, as it seeks a stronger role in the oversight of the country's biggest lenders.
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The probability of a recession is approaching 50%, Deutsche markets survey finds
Chances that the U.S. is heading for a recession are close to 50-50, according to the survey.
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Fed Folly on Full Display
The Atlanta Fed GDP Now estimate for Q1 is -1.8% because the economic data has become absolutely ugly, yet inflation is proving to be very stubborn. For example, the Empire State Manufacturing Survey plunged 26 points to -20 versus the estimate of -1.9.However, the prices...
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US Recession Risks Not as High as the Media Suggests
U.S. recession risks have been a headline over the last few weeks as the markets sold off.
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Trump to Impose 25 Percent Tariff on Countries That Buy Oil, Gas From Venezuela
President Donald Trump on Monday said any country that buys oil or gas from Venezuela will pay a 25% tariff on trades made with the U.S. This "secondary tariff" will take effect on April 2, Trump said in a Truth Social post.
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US Business Activity Rises But Sentiment Deteriorates
U.S. business activity picked up in March, but growing fears over import tariffs and deep government spending cuts continued to weigh on sentiment and prospects for the rest of the year.
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