Financial News Network - Economic News

Trump lays into the Fed, says he's 'not thrilled' about interest rate hikes

In a stinging and historically rare criticism, President Donald Trump expressed frustration with the Federal Reserve and said the central bank could disrupt the economic recovery.

Read more: https://www.cnbc.com/2018/07/19/trump-lays-into-the-fed-says-hes-not-thrilled-about-interest-rate-.html

Copper — a metal with a history of predicting economic trouble — hits 1-year low, nears bear market

Copper prices reached their lowest levels in a year on Thursday amid concerns that a global trade war could strain global supply chains and slow down the global economy.

Read more: https://www.cnbc.com/2018/07/19/copper-hits-1-year-low-approaches-bear-market-on-trade-concerns.html

Trump trade tactics sabotaging the economy and markets, Stephen Roach warns

Yale senior fellow Stephen Roach says the markets are too complacent when it comes to trade war risks.

Read more: https://www.cnbc.com/2018/07/18/trump-trade-antics-sabotaging-economy-and-markets-stephen-roach-warns.html

Fed's banking supervisor backs new interest rate benchmark

The Federal Reserve's banking supervisor gave his backing Thursday to a new interest rate benchmark for institutions to use when lending to each other.

Read more: https://www.cnbc.com/2018/07/19/feds-quarles-backs-alternative-to-overnight-lending-rate.html

Leading indicators up slightly more than expected in June

The Conference Board's Leading Economic Index was expected to gain in June.

Read more: https://www.cnbc.com/2018/07/19/leading-economic-indicators-june.html

The most important number in finance is going away. Wall St. isn’t prepared.

Libor, a crucial interest rate benchmark, could be gone by 2021. The New York Times reports.

Read more: https://www.cnbc.com/2018/07/19/the-most-important-number-in-finance-is-going-away-wall-st-isnt-pre.html

US weekly jobless claims drop to the lowest level since 1969

The number of Americans filing for unemployment benefits unexpectedly fell last week.

Read more: https://www.cnbc.com/2018/07/18/us-weekly-jobless-claims-july-14-2018.html

The EU is making a retaliation list to strike back if the US hits European cars with tariffs

The European Union is making a list of goods it could target as a way to retaliate against potential tariffs on European cars, an EU official said Thursday.

Read more: https://www.cnbc.com/2018/07/19/eu-making-list-targeting-us-goods-in-case-the-us-slaps-tariffs-on-euro.html

Biggest threat to markets and economy is a Democrat win in November, Trump advisor Hassett says

The main thing that could derail markets and the economy would be a Democrat takeover of Congress, White House economic advisor Kevin Hassett said Thursday.

Read more: https://www.cnbc.com/2018/07/19/biggest-threat-to-markets-and-economy-is-a-democrat-win-in-november-t.html

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Economic News

Trump lays into the Fed, says he's 'not thrilled' about interest rate hikes

Copper — a metal with a history of predicting economic trouble — hits 1-year low, nears bear market

Trump trade tactics sabotaging the economy and markets, Stephen Roach warns

Fed's banking supervisor backs new interest rate benchmark

Leading indicators up slightly more than expected in June

The most important number in finance is going away. Wall St. isn’t prepared.

US weekly jobless claims drop to the lowest level since 1969

The EU is making a retaliation list to strike back if the US hits European cars with tariffs

Biggest threat to markets and economy is a Democrat win in November, Trump advisor Hassett says

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