Bessent believes there won't be a recession in 2026 but says some sectors are challenged
Treasury Secretary Scott Bessent said the U.S. was not at risk of entering a recession in 2026 and that Americans would soon benefit from Trump's policies.
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Fed's Collins: Monetary Policy in Right Place
Federal Reserve Bank of Boston President Susan Collins said Saturday that she's still leaning against the U.S. central bank cutting its interest rate target next month as it faces ongoing risks to both its inflation and job mandates.
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Trump Admin. Preps Tariff Fallback Before Court Ruling
The Trump administration is working on fallback options in case the Supreme Court strikes down any of his major tariff decisions, with the aim of replacing the levies as quickly as possible, Bloomberg News reported Saturday, citing people familiar with the matter.
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US Manufacturing Slows as High Prices Curb Demand
U.S. factory activity slowed to a four-month low in November as higher prices because of tariffs on imports restrained demand, leading to a piling up of unsold goods that could hinder growth in the overall economy.Relief for manufacturers is unlikely to come soon as the...
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US Cancels Release of CPI Report for October
The U.S. Bureau of Labor Statistics said Friday it had canceled the release of October's consumer price report because the recently ended government shutdown had prevented the collection of data.
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Fed won't get key inflation data before next rate decision as BLS cancels October CPI release