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‘Trumponomics‘ writer Art Laffer: I am a ‘huge fan‘ of Fed chief Powell‘s handling of interest rates
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‘Trumponomics‘ writer Art Laffer: I am a ‘huge fan‘ of Fed chief Powell‘s handling of interest rates

Chairman , often criticized for increasing interest rates by President , has been effective at the helm of the nation‘s central bank, conservative economist Art Laffer told CNBC on Wednesday. “I‘m a huge fan of Powell‘s,” said Laffer, formerly an economic advisor to presidents Trump and Ronald Reagan. “I think […]

Payroll growth slows in November as labor market tightens
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Payroll growth slows in November as labor market tightens

Companies slowed the pace of job creation in November as the labor market indicated more signs of tightening, according to a report Thursday from ADP and Moody‘s Analytics. Private payrolls increased by 179,000, below the 195,000 growth expected by a Refinitiv survey of economists. The number also was a drop […]

Fed‘s Bostic says interest rates are ‘within shouting distance of neutral‘
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Fed‘s Bostic says interest rates are ‘within shouting distance of neutral‘

Atlanta Fed President said the the central bank may not have to go much further with interest rates to achieve a proper balance between slowing and overheating. Addressing the key concept of where a “neutral” rate is for the economy, Bostic said the exact rate is hard to determine, but […]

US firms doing business in China now vulnerable after Huawei arrest: Former US trade advisor
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US firms doing business in China now vulnerable after Huawei arrest: Former US trade advisor

There‘s a good chance the Chinese will retaliate for the arrest of Huawei CFO Meng Wanzhou by targeting American businesses in China, former assistant U.S. trade representative Jeff Moon told CNBC on Thursday. in Canada and is facing extradition to the United States reportedly for . In an interview with […]

European markets close higher to cap wild week; Fresenius SE shares tank 17%
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European markets close higher to cap wild week; Fresenius SE shares tank 17%

European stocks recovered some ground Friday, after slumping to a two-year low in the previous session but significant gains were capped by lack of thrust from Wall Street and Asia. The pan-European provisionally closed up over 0.7 percent, with all sectors and major bourses in positive territory.