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Economic News

Fed's Daly Sees Room to Cut Interest Rates

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06 February 2026
San Francisco Federal Reserve President Mary Daly Friday said she thinks one or two more interest rate cuts may be needed to counteract weakness in the labor market, where workers are "walking a knife's edge" with higher prices eating into their wages and scarce...
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Mamdani Signs Order Reaffirming NYC's Sanctuary Policies

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06 February 2026
New York City Mayor Zohran Mamdani signed what his office described as a "comprehensive" executive order Friday, doubling down on the city's sanctuary policies while unveiling a broad "Know Your Rights" campaign aimed at curbing what City Hall described as federal "overreach."
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Fed's Jefferson Optimistic About Job Market, Inflation

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06 February 2026
Federal Reserve Vice Chair Philip Jefferson said Friday he was "cautiously optimistic" about the 2026 economic outlook, with growth expected to remain slightly above trend, the labor market stabilizing, and inflation resuming a decline to the U.S. central bank's 2%...
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US Consumer Confidence Climbs to Six-Month High

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06 February 2026
American consumers are feeling better about the economy, with confidence jumping to its strongest level in six months as stock-market gains boost household optimism, Bloomberg reports.
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US Layoffs Surge to Highest Level Since Great Recession

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06 February 2026
Layoffs announced by U.S. employers surged in January amid losses of business contracts and an uncertain economic environment, marking the highest level for the month in 17 years, a leading survey showed.
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Argentina and US Sign a Major Trade Deal to Slash Tariffs and Boost a Political Alliance

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06 February 2026
Argentina and the United States agreed Thursday to ease restrictions on each other's goods in an expansive trade and investment deal that boosts a drive by President Javier Milei's government to open up Argentina's protectionist economy and a push by the Trump...
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More Articles …

  1. Unemployment Claims Jump by the Most in 2 Months
  2. Layoffs in January were the highest to start a year since 2009, Challenger says
  3. Kevin Warsh May Struggle to Reset Fed Rules
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