US Economy

By My Trading Buddy | News & Stories affecting the US Economy and those that are Investing and Trading Assets associated with the US Dollar, whether Stocks, Options, Futures or Forex

As Trump Eyes Trade War, These Countries Could Be the Next Targets - Markets Analysis

U.S. President Donald Trump has made international trade the centre of his campaign to “make America great again.” So far, he has singled out China …

Economics

Mid-Week Markets Bullet Report - Yellen Testimony in Focus - Markets Analysis

<b>Mid -Week Markets Bullet Report – February 15, 2017</b><p>The momentum in Dollar strength and Stock markets has continued yesterday and this morning as FED …

Janet Yellen

Trump Vs. Yellen: Could This Relationship Affect the Economy? - Markets Analysis

Wouldn’t it be wonderful if the president of the United States and the Federal Reserve saw eye to eye? But this is the real world and this is an era …

Janet Yellen

Fed Economist Using News, Social Media to Track Economy

Daniel Wilson, San Francisco Federal Reserve Bank research adviser, discusses the predictive power of news and social media posts with Bloomberg's …

Social Marketing

Trump's Trade Policies Only Make the Dollar Stronger

Donald Trump is off to a controversial start as U.S. president, but for the most part financial markets have been fairly relaxed about American and global economic prospects despite the lack of any precise contours for the new administration's fiscal strategy.<p>In fact, the markets have barely …

Economics

Kashkari Says Economy Still Needs Low Rates as Inflation Lags - Bloomberg

Federal Reserve Bank of Minneapolis President Neel Kashkari justified his vote last week to leave interest rates unchanged by saying inflation is in …

Goldman economists see more risks for U.S. economy

(Reuters) - A fiscal boost to the United States is more likely in 2018 than this year, according to Goldman Sachs economists, as "the balance of risks is somewhat less positive" one month into the new year and as U.S. President Donald Trump's growth-boosting agenda could be offset by negative …

Tax Reform

Economists estimate the long-term consequences of big tax cuts

President Trump and Congress are likely to consider an historically broad range of tax and spending changes over the next year. But they’ll be doing …

After Trump moves to undo financial regulations, Sanders calls him 'a fraud'

Former presidential candidate Sen. Bernie Sanders on Sunday cast President Donald Trump's moves this week to undo financial regulations enacted following the 2008 financial crisis as a betrayal of his campaign promises to stand up against Wall Street.<p>"This guy is a fraud," Sanders, I-Vt., said on …

Bernie Sanders

The US tried extra-high tariffs before, in 1930. It was a disaster.

US President Donald Trump talks a lot about the evils of trade deals and trade imbalances. To combat this, one of his proposals is to slap tariffs — taxes on imports — on US trading partners.<p>Yet vast economic research shows: trade makes us much more prosperous. So, what’s going on?<p>To understand how …

American History

STOCKS GO NOWHERE AFTER FED HOLDS: Here's what you need to know

Stocks didn't move much after the Federal Reserve kept their key interest rate on hold.<p>Stocks moved slightly after the news, but didn't make major gains on the day as all three major US stock indexes pushed into the green.<p>Bond yields did sink slightly following the Fed's decision, but remained up …

Wall Street

It`s The Fed`s Responsibility To Pop Asset Bubbles

By EconMatters<p>It is pretty obvious the stock market is not, and has not been trading on actual earnings for a long time, but at these valuations it …

Economics

GDP shows economy slows to 1.9% growth

A previous version of this report misstated the rate of GDP growth for 2016. It has been corrected.<p>Bloomberg<p>The gears of the U.S. economy moved more slowly at the end of 2016.<p>WASHINGTON (MarketWatch) — The U.S. economy’s expansion slowed in the fourth quarter, and annual growth failed to reach 3% …

PNC Bank

UK remains fastest growing economy in western world after growing 0.6pc in final quarter of 2016

Supermarket price wars will limit the strain on household budgets this year, the Chancellor said on Thursday, as official figures cemented the UK's position as the fastest growing major advanced economy in 2016.<p>Philip Hammond said the "incredible market share war" between supermarkets over the past …

United Kingdom

Here's every US state's December unemployment rate

The Bureau of Labor Statistics recently released the December unemployment rates for each of the 50 states and DC.<p>According to the Bureau, the unemployment rate fell in 10 states from the previous month, rose in one state, and stayed more or less unchanged in 39 states and Washington, …

Unemployment

Trump didn’t kill TPP, the people did

Don’t let him take the credit for the Trans-Pacific Partnership’s demise, it was already dead – and no thanks to Hillary Clinton<p>Can everyone stop saying Donald Trump killed off the Trans-Pacific Partnership? He didn’t. It was already dead. Thanks to pressure from ordinary Americans – yes, it really …

Democracy

This is How Trump Can Fix the U.S. Economy's Biggest Problem

The biggest risk to the U.S. economy is lopsided growth said American Enterprise Institute President Arthur Brooks.<p>“All growth is stuck in the top quintile distribution,” Brooks told the FOX Business Network’s Maria Bartiromo on Tuesday. “Effectively, the top fifth of the American income …

Holiday spending surpasses expectations

Initial reports about holiday spending bode well for retailers.<p>Consumers spent 16% more on holiday purchases this year than in 2015, according to the …

Loynes: U.S. Economy Close to Capacity Pushes Inflation

Jonathan Loynes, chief economist at Capital Economics, and Stephen King, senior economic adviser at HSBC, examine the U.S. economy and reflation …

Economics

Undoing NAFTA Will Send The American Economy Into Depression And Wal-Mart's Shares Tumbling

Thanks to NAFTA, Canada is the number one market for American goods, and Mexico the number two. Undoing NAFTA would cause a depression.<p>After NAFTA …

Bullet Report: Markets await Trump’s first real Speech today

<b>It is another quiet day in terms of financial data releases, however Donald Trump is scheduled to speak for the first time since 167 days in an</b> …

Wall Street Is Starting to Get Nervous About All the Money Pouring Into U.S. Stocks - Bloomberg

Everything changed in November.<p>After President-elect Donald Trump won the election, markets began a decisive shift in essentially all asset classes. …

Wall Street

Trading the January NFP with VXX - Markets Analysis

If you’re looking for a market event to trade in the first week of 2017, look no further than the US non-farm payrolls release. This report is due on …

Here's the one big problem with Donald Trump's tweets on the economy

What's wrong with the president-elect's "bold" use of Twitter to make policy announcements? A little thing called facts.<p>In tweets Monday night and …

GSK ‘looks like a technical buy’ for 2017

UK pharma giant GlaxoSmithKline plc (LON:GSK) is a ‘technical buy’ for the coming year after a volatile year for drugs stocks has seen the share …

Federal Reserve Watch: Looking Toward 2017

The Federal Reserve has provided the forward guidance that it will raise its policy rate twice in 2017 and I believe that it will achieve at least …

The boss of one of the world's largest companies tells us how Trump is going to boost the US economy through tax reforms

President-elect Donald Trump could be exactly what the US needs to reform its taxation systems and therefore boost the US economy, says the boss of one of the largest accounting firms in the world.<p>KPMG global chairman John Veihmeyer said in an interview with Business Insider that Trump's focus on …

Economics

Donald Trump keeps moving the goal post for economic growth

How great will America be under President Donald Trump? It depends on when you ask.<p>During the election, Trump pledged that he would oversee a rate of …