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1 Article
Source: The Week

Is a recession coming for Trump You wish.

Today 14:31 GMT

If Democrats want to win in two years, telling voters how bad the Trump economy is when it might be better than the one Obama left them sounds like losing message.

These are all things Democrats and NeverEverTrumpers everywhere should keep in mind as they envision a nasty economic downturn driving President Trump from the White House. Sure, a headline like "Stock market on pace for worst December since Great Depression" provides a wonderful opportunity for a bit of cathartic dunking on Trump.

1 Article
Source: The Guradian

Why are markets falling, and are we heading for global recession?

Today 14:30 GMT

Financial markets have been nervously eyeing the US Federal Reserve as it prepares to raise interest rates for the fourth time this year on Wednesday, with big investors fearing that higher borrowing costs could damage the global economy.

Oil prices have had a rollercoaster couple of years, so a surge or sudden drop in the price of crude could pose problems for the world economy.

1 Article
Source: BBC

Trump warns Fed against 'another mistake'

Today 14:31 GMT

US President Donald Trump has stepped up his pressure on the Federal Reserve by warning the central bank against making "yet another mistake".

Who appointed the Fed's chairman Jerome Powell - has repeatedly blamed the central bank for unsettled markets and dismissed analysts who cite other factors, such as rising trade tariffs. On Monday, he wrote that it was "incredible" that the bank was considering a rate rise, before telling the Fed on Tuesday to read an editorial in the Wall Street Journal "before they make yet another mistake".

1 Article
Source: Common Domain

U.S. Stocks Close Higher as Oil Prices Slide

Today 14:31 GMT

An accelerating decline in the price of oil dragged energy companies deeper into the red for the year, and in late-afternoon trading dragged major indexes lower before stocks staged a late rally to end the day positive.

Besides the selloff in energy stocks and oil futures, it was a relatively subdued day in the stock market, as many traders said they were looking ahead to the Federal Reserve’s policy decision Wednesday and any announcements that come with it as the next catalyst for stock swings.

1 Article
Source: Fox News

Why the Fed must raise rates

Today 14:30 GMT

The Federal Reserve is expected to raise interest rates for the fourth and final time on Wednesday at the conclusion of their two-day policy meeting.

“Although we’ve got price stability, we’ve got the tightness in the labor market, and the increase in wages which is great for workers but could start to filter into rising core measures of inflation given that core CPI is running above the Fed’s target,” she said.

1 Article
Source: Fox News

Fiorina: Trump 'Jawboning' the Fed on Interest Rates Is 'Wholly Inappropriate,' Won't Help Markets

Today 14:31 GMT

Responding on "America's Newsroom," former Republican presidential candidate Carly Fiorina said President Trump "jawboning" the Federal Reserve over interest rates will not help matters.

Trump took to Twitter Tuesday morning, imploring the Federal Reserve officials to read an editorial in the Wall Street Journal and not "make yet another mistake" by raising interest rates again.

1 Article
Source: Reuters

From Jakarta to Buenos Aires, the world feels Fed's sting

Today 14:30 GMT

When the U.S. Federal Reserve kept lifting interest rates this year, a world away in Jakarta profits dropped to next to nothing at Andy Kurniawan’s shop selling collectible action figures.

Months later, three or four of the 30 employees at TAAD, a light-switch manufacturer on the working-class outskirts of Buenos Aires, were about to lose their jobs. The company’s president, Daniel Araujo, said the plunging local peso currency made raw copper and plastics the firm imports so expensive that he had to halve production.

1 Article
Source: Common Domain

Mnuchin has a simple reason why the Dow is poised for its worst December since 1931

Today 14:30 GMT

Treasury Secretary Steven Mnuchin has weighed and measured the recent destruction that has put the Dow Jones Industrial Average on track for its worst December since 1931, and he appears to have drawn his own conclusions as to the impetus.

In fact, if the Dow finishes at its current level, down about 7%, it would mark the worst December since 1931 when it fell 17.01%, according to Dow Jones Market Data.

1 Article
Source: Fox News

Andy Puzder: President Trump deserves all the credit for our soaring labor market

Today 14:31 GMT

The soaring labor market under President Trump has President Obama’s defenders arguing that his administration is largely responsible.

It’s what happens when government gets out of the way by cutting taxes, slashing regulations, and encouraging domestic energy production.

1 Article
Source: Fox News

Stocks give up session gains as Fed mulls another rate hike

Today 14:30 GMT

U.S. stocks gave up session gains Tuesday afternoon, a day after a big sell-off and one day ahead of a Federal Reserve announcement about the direction of interest rates.

In European trading, London’s FTSE traded off 0.4 percent, Germany’s DAX gained 0.4 percent and France’s CAC lost 0.1 percent.

1 Article
Source: Common Domain

Stocks Edge Up Ahead of Final Fed Decision of the Year

Today 14:31 GMT

Stock in Asia were mixed, with Hong Kong’s Hang Seng inching 0.1% higher while Japan’s Nikkei Stock Average fell 0.6% and stocks in Shanghai and Shenzhen fell over 1%.

European stocks and U.S. stock futures inched slightly higher Wednesday ahead of a highly anticipated Federal Reserve meeting that is expected to set the tone for interest rates next year. The Stoxx Europe 600 edged up 0.3% in early trading led by Italian stocks, following a mixed trading session in Asia.

1 Article
Source: Common Domain

Bond market’s inflation gauge slides to lowest since Oct. 2017 as Fed meeting gets underway

Today 14:31 GMT

The bond market’s gauge of inflation expectations slid to its lowest level since last December after crude prices slumped to a 16-month low.

While the bond market’s inflation gauge tends to follow the turbulent moves in the crude oil market, making it too volatile for the central bank as a reliable gauge of inflation, in recent speeches several members of the Federal Open Market Committee, including St. Louis Fed President James Bullard and Fed Vice Chairman Richard Clarida, have cited the merits of watching the market-based measure of price prospects.

1 Article
Source: Common Domain

Asian markets mixed ahead of Fed rate decision

Today 14:31 GMT

Asian stock markets were mixed Wednesday, as traders mulled over the Federal Reserve’s interest rate decision and weaker-than-expected Japanese trade data.

“The dollar has been on offer throughout the Asia session as traders start aggressively pricing what is expected to be a dovish Fed hike,” Innes said. The dollar USDJPY, -0.22%   weakened to 112.39 yen from 112.52 yen in late trading Tuesday.

1 Article
Source: The Week

Is a recession coming for Trump You wish.

Today 13:36 GMT

If Democrats want to win in two years, telling voters how bad the Trump economy is when it might be better than the one Obama left them sounds like losing message.

These are all things Democrats and NeverEverTrumpers everywhere should keep in mind as they envision a nasty economic downturn driving President Trump from the White House. Sure, a headline like "Stock market on pace for worst December since Great Depression" provides a wonderful opportunity for a bit of cathartic dunking on Trump.

1 Article
Source: Common Domain

The Fed’s about to embark on a tricky balancing act, with a rate hike and a dovish message

Today 14:30 GMT

President Donald Trump has made clear his opposition to a December interest-rate hike, telling Reuters in an interview that it would be a mistake.

The messaging in the Fed’s dot plot of interest-rate projections, policy statement and Fed Chairman Jerome Powell’s press conference are all more important than the move, and most economists think they will uniformly lean dovish, analysts said.


“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte