Financial News Network - Economic News

White House official denies administration is looking at a payroll tax cut

The report comes as Trump in recent days has lashed out over media reports about growing recession fears.

Read more: https://www.cnbc.com/2019/08/19/trump-white-house-reportedly-looks-at-payroll-tax-cut.html

The US economy is fine, but watch out for gathering trade storms

The German trade surplus is stifling the economic growth in the rest of Europe, Michael Ivanovitch writes.

Read more: https://www.cnbc.com/2019/08/19/commentary-the-us-economy-is-fine-but-trade-storms-are-gathering.html

White House pushes back against recession fears, defends trade war

Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.

Read more: https://www.cnbc.com/2019/08/18/white-house-advisor-kudlow-on-economic-concerns-i-dont-see-a-recession-at-all.html

White House trade advisor Navarro: 'Technically we did not have a yield curve inversion'

The yield on the 10-year Treasury note fell below the 2-year rate Wednesday, which typically taken as a sign a recession is on the horizon.

Read more: https://www.cnbc.com/2019/08/18/white-house-trade-advisor-navarro-technically-we-did-not-have-a-yield-curve-inversion.html

Americans overwhelmingly support free trade as concern grows about Trump's economy

Americans now say they approve of free trade by 64%-27%, a margin of better than two to one.

Read more: https://www.cnbc.com/2019/08/18/americans-support-free-trade----and-are-worried-about-the-trump-economy-poll.html

US consumer sentiment for August comes in well below estimates

The report comes amid a wild week for the stock market but after a handful of bullish reports in the consumer sector.

Read more: https://www.cnbc.com/2019/08/16/us-consumer-sentiment-august-2019-preliminary.html

US housing starts drop for third straight month

U.S. homebuilding fell for a third straight month in July amid a steep decline in the construction of multi-family housing units.

Read more: https://www.cnbc.com/2019/08/16/us-housing-starts---july-2019.html

Fed may not have enough firepower to prevent a recession

President Trump has been pressing the Fed to help head off a feared economic slowdown, but it's not clear the central bank has the ammunition.

Read more: https://www.cnbc.com/2019/08/15/trump-wants-fed-rate-cuts-unclear-if-they-would-help.html

Fed's Bullard says only a 'sustained' bond inversion would be a bearish signal

The inversion of portions of the Treasury bond yield curve this week "would have to be sustained over a period of time" to be taken as a "bearish" signal for a U.S. economy, St. Louis Fed President James Bullard said.

Read more: https://www.cnbc.com/2019/08/16/feds-bullard-says-only-a-sustained-bond-inversion-would-be-a-bearish-signal.html

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