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U.S. initial jobless claims sink 19,000 to 238,000

  • May 4, 2017
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Initial U.S. jobless claims fell by 19,000 to 238,000 in the last week of April, the government said Thursday. Economists polled by MarketWatch has expected new claims to total a seasonally adjusted 245,000 in the seven days stretching from April 23 to April 29. The more stable monthly average of jobless claims rose by 750

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U.S. trade deficit with Mexico highest since 2007

  • May 4, 2017
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U.S. trade deficits with Mexico and Japan hit the highest levels in March in almost a decade, though the nation’s trade gap overall was virtually unchanged. The deficit dipped 0.1% to $43.7 billion in March to reach a five-month low, the Commerce Department said Thursday. Economists polled by MarketWatch had forecast a $44.5 billion gap.

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U.S. productivity slumps in first quarter

  • May 4, 2017
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The productivity of American firms and their employees fell in the first quarter at the fastest rate in a year, reflecting a cutback in the amount of goods and services made available to customers. U.S. productivity — the key to a higher standard of living — declined at a 0.6% annual pace in the first

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Treasury yields rise as investors look ahead to June rate hike

  • May 4, 2017
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Treasury prices fell Thursday, allowing yields to continue their rise a day after Federal Reserve policy makers indicated the central bank would gradually hike rates this year, helping to overcome some investor’s suspicions that weak economic data would stay the Fed’s hand on future increases.

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Fed returns to pulpit with six speeches Friday

  • May 4, 2017
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There will be six Federal Reserve officials speaking on Friday and economists will be listening for clues about balance-sheet policy. The central bank did not shed any new light on the internal discussions on its plans to reduce its $4.5 trillion balance sheet on Wednesday.

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Private-sector hiring slows to 177,000 in April

  • May 3, 2017
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Private-sector employment slowed down in April as employers added 177,000 jobs, ADP reported Wednesday, down from a revised 255,000 jobs created in March.

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Treasury yields edge up as Fed reiterates commitment to rate hikes

  • May 3, 2017
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Federal Reserve keeps rates unchanged as expected Treasury yields moved up after the Fed decided to keep rates steady but indicated it still intends to hike them at least two more times this year. The yield on the 10-year note rose 0.7 basis point to 2.298% after the announcement, adding to a modest rise seen

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Fed leaves rates unchanged, calls 1st-quarter weakness ‘transitory’

  • May 3, 2017
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The Federal Reserve on Wednesday voted 9-0 to leave its benchmark interest rate at 0.75% to 1%, but the FOMC also indicated it’s still on track for two more rate increases in 2017. The Fed said the sharp slowdown in first-quarter GDP resulting from a falloff in consumer spending is “likely to be transitory.” The

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U.S. inflation retreats in March from 5-year peak

  • May 1, 2017
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The rate of U.S. inflation slowed in March one month after hitting a five-year peak, reflecting lower prices for gasoline and other consumer goods such as new autos. The halt last month to the recent rise in inflation could ease pressure on the Federal Reserve to raise interest rates, though the central bank appears on

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Treasury yields edge higher after trading around weeklong

  • May 1, 2017
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Treasury yields edged up, as prices fell, from a weeklong low as economic reports showed that consumer spending in the U.S. economy was slowing down and as inflation appeared muted.

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