Consumer Spending Comes In Strong as Inflation Data Point to Rate Cut
The core personal consumption expenditures price index, which excludes food and energy prices, rose 2. 9% year over year, the biggest increase since February.
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U.S. trade deficit in goods widened sharply in July as firms raced to avoid tariffs
The U.S. trade deficit in goods widened 22.1% to $103.6 billion in July from $84.9 billion, according to the Commerce Department's advance estimate released Friday.
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Stocks Fall Ahead of Cook Hearing
Stocks were lower after the latest installment of the Federal Reserve's preferred measure showed the inflation rate held last month at June's rate.
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India's Economic Growth Unexpectedly Picks Up Speed
Official data Friday showed that India's economy grew 7.8% from a year earlier, up from 7.4% in the prior quarter.
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Eurozone's Big Economies Show Few Signs of Rising Inflation
The results support the slim possibility of a fresh cut to interest rates next month.
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Senate Democrats Warn Trump IPO Plan for Fannie, Freddie Could Push Up Mortgage Rates
Senators including Elizabeth Warren urge housing officials to focus on affordability.
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Week Ahead for FX, Bonds: U.S. Jobs Data in Focus as Fed Rate Cut Looks Likely
U.S. jobs data, alongside the latest ISM surveys on manufacturing and services, will provide indications on how the economy is faring after weak jobs data for July.
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Higher Prices Are Coming for Household Staples
Companies from Hormel to Ace Hardware are forecasting rising prices as the costs of President Trump's tariffs are passed on to consumers.
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Trump Leans on National Security to Justify Next Wave of Tariffs
The administration plans to expand a certain category of tariffs in hopes of redirecting production to the U.S. and thwarting potential legal threats in the trade war.
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Fed's Waller backs a series of interest-rate cuts over the next six months
Federal Reserve governor Christopher Waller on Thursday said he now supports a series of interest-rate cuts beginning in September, with the pace of subsequent moves driven by the incoming data.
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Fed Governor Lisa Cook Sues to Stop Trump From Firing Her
The lawsuit tees up a high-stakes court battle over the president's authority to remove members of the central bank's board.
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U.S. Economy Grew Faster in Second Quarter, New Estimate Shows
Consumer spending and AI investment add to the revision in quarterly GDP.
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New Tariffs on Low-Cost Imports Could Bring in $10 Billion a Year
Some countries have temporarily halted the so-called de minimis shipments in anticipation of the rule change.
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Trump's push for lower interest rates is on a collision course with government bonds
Bond investors are taking a "wait-and-see" approach to President Donald Trump's attempt to fire Federal Reserve governor Lisa Cook.
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E.U. to Scrap Duties on U.S. Industrial Goods as It Scrambles to Soften Auto Tariff Blow
The European Union will move to eliminate all tariffs on U.S. industrial imports and expand access for American farm products, part of an effort to shield European automakers from steeper duties on their exports to the U.S.
(END) Dow Jones Newswires
August 29, 2025 11:00 ET (15:00 GMT)
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