Fed Officials Showed Deep Divisions at Dec. Meeting
The U.S. Federal Reserve agreed to cut interest rates at its December meeting only after a deeply nuanced debate about the risks facing the U.S. economy right now, according to minutes of the latest two-day session.
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Trump Preps New Trade Levies if High Court Nixes Tariffs
President Donald Trump is preparing a rapid fallback plan to reimpose sweeping trade levies under alternative laws if the Supreme Court strikes down his use of emergency powers to impose tariffs, according to diplomats and trade lawyers.
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Hourly Minimum Wage to Rise to $17 in NYC
New Yorkers will ring in the New Year with another bump in the minimum wage, as hourly pay rises to $17 across New York City, Westchester and Long Island on Jan. 1, while the rest of the state will see the minimum climb to $16 an hour.
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US Pending Home Sales Surge to Highest in 3 Years
Contracts to purchase previously owned U.S. homes unexpectedly shot to the highest in nearly three years in November, as improving affordability conditions drew in buyers, according to the National Association of Realtors.
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China Gears Up as World's No. 1 Car Maker, Ending Japan's 20-Year Reign
China is on track to become the world's largest auto manufacturer for the first time in 2025, marking a historic shift in the global auto industry after more than two decades of Japanese dominance, Nikkei reports.
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The Market Risk in 2026 if Growth Projections Fail
There is a rising market risk in 2026 that is largely overlooked as we wrap up this year. As discussed in the "Fed's Soft Landing Narrative,"optimism about 2026 is running high.
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