The World Bank warned in a new report that poor countries will be stuck in economic “purgatory” without debt relief.
Category: United States Economy
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Holiday Shopping Season Separates Winning Retailers From Losers
Consumers are seeking deals and being choosier about their spending in the crucial final weeks of the year, executives say.
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PCE, a Key Inflation Measure, Sped Up in October
Inflation has been stubborn in recent months. Now, President-elect Donald J. Trump’s tariffs loom as a potential risk.
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Inflation concerns loom as Trumponomics revs up
Investors are bracing for the latest data as the president-elect’s economic agenda of cutting immigration and taxes, while raising tariffs takes shape.
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Trump Taps Kevin Hassett to Lead National Economic Council
Mr. Hassett defended Donald Trump’s tax cuts and trade policies in his first administration but has also acknowledged that tariffs can weaken economic growth.
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Scott Bessent Helped ‘Break’ the Bank of England. Now He’ll Run the U.S. Treasury.
Scott Bessent’s former colleagues and rivals see the prospective Treasury secretary as a thoughtful choice with a broad understanding of financial markets.
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Tariff Threats Show Trump’s Commitment to Upending Global Trade
The president-elect’s threat to hit Canada, Mexico and China with new tariffs is already rocking business and diplomatic relationships and could topple the trade pacts he signed in his first term.
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Fed Minutes Show Options Are Open on Interest Rate Cuts
Minutes from a Nov. 6-7 meeting showed that Federal Reserve policymakers saw the labor market stabilizing and signs of economic strength.
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Kate Raworth Looked Beyond G.D.P. to Create ‘Doughnut Economics’
With “Doughnut Economics,” Kate Raworth looks instead at planetary well-being.
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Can Wall Street Billionaires Deliver on Trump’s Blue-Collar Promise?
The president-elect has named wealthy financiers for key economic positions, raising questions about how much they will follow through on promises to help the working class.
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The Markets Cheer Trump’s Treasury Pick, Scott Bessent
Investors seemed to signal their approval for Scott Bessent as a safe choice to implement the president-elect’s economic agenda.
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How Trump Could Upend Electric Car Sales
Fewer people will be able to afford electric cars and trucks if President-elect Donald J. Trump and Republicans in Congress eliminate a $7,500 federal tax credit.