Wall Street economists project that the U.S. economy will slow to 2.2% this year from 2.9% in 2018, causing President Donald Trump's administration to fall short of its pledge of 3% growth. But all that could change if the president terminates his trade war -- and it's largely within his control.
Prices on consumer purchases, excluding food and energy, rise by 0.1% in May after a gain of 0.3% in April, a report from the Labor Department's Bureau of Labor Statistics shows.
President Donald Trump singled-out the euro as an undervalued currency Tuesday in what could be a sign that Europe, and its $1.2 trillion auto sector, is next on his tariff hit-list.
A pause in interest-rate hikes (or even an interest rate cut) would be a growth tailwind for this name moving forward.
Here's how to read and react to Friday's important numbers.
The market's biggest near-term bet is about to face its sternest test to date Friday, with a U.S. jobs report that could either cement expectations of multiple rate cuts from the Federal Reserve, or flip growth and inflation forecasts towards a more bullish second quarter for the world's biggest economy.
A report Friday from the Labor Department is expected to show that the U.S. economy added about 185,000 jobs in May - a slowdown from April's increase of 263,000 but still respectably ahead of the 100,000 needed each month to keep pace with the working population.
European Central Bank President Mario Draghi said Thursday that he could still cut rates further if downside economic risks were to accelerate and noted that his colleagues discussed the possibility of re-starting the bank's controversial quantitative easing program.
European Central Bank President Mario Draghi will unveil fresh growth and inflation forecasts for the struggling Eurozone economy Thursday amid market speculation that a trade-lead global slowdown will push the central bank to revive its controversial quantitative easing program.
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