Single-Family Housing Starts Plunge to 2-1/2-Year Low
U.S. single-family homebuilding plunged to a near 2-1/2-year low in August amid a glut of unsold new houses, suggesting the housing market could remain a drag on the economy this quarter.
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WH's Anna Kelly to Newsmax: Trump's UK Visit Will Boost Economic Ties
President Donald Trump's second state visit to the United Kingdom, which opened with pageantry today, will shift Thursday to focus on economic ties, with three new agreements expected to expand cooperation between the nations, deputy press secretary Anna Kelly said in a Newsmax interview.
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Fed Cuts Key Rate a Quarter-Point, Signals 2 More
The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation's labor market.
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Bessent to Be Named IMF's 2nd-in-Command: Source
The US Treasury Department's chief of staff is anticipated to join the International Monetary Fund (IMF) in a key role as its number-two official, a source told AFP Wednesday.
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Fed Expected to Cut Rates, Update Views of Trump Economic Plan
The most politically charged U.S. Federal Reserve meeting in years wraps up Wednesday with broad expectations for a quarter-percentage-point interest rate cut that might spark dissents from some policymakers who feel it is too small and too late.
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Sticky UK inflation unlikely to move the needle for Bank of England
The Bank of England is watching inflation data closely after forecasting the consumer price index could peak at 4% in September.
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