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Trump Blasts Fed, Says Interest Rates Are Too High…

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President Donald Trump Federal Reserve on Tuesday described the Federal Reserve as a “problem” and said its interest rate target was too high. “I’d like to see the Fed with a lower interest rate. I think the rate’s too high. I think we have much more of a Fed problem than we have a problem […]

Dow Finishes Down 550 Points as Stocks Erase 2018 Gains…

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U.S. stocks closed sharply lower Tuesday, extending a pre-Thanksgiving rout that has been fueled mostly by a selling in shares of technology and internet-related companies, but has now spread to ensnare the broader market. Sharp declines in Target and Lowe’s after disappointing earnings also contributed to the tone. U.S. financial markets will be closed Thursday […]

5 Questions Worried Americans Will Ask After Dow Slumps Over 800 Points…

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The Dow Jones Industrial Average DJIA, -3.15% S&P 500 index SPX, -3.29% and Nasdaq Composite Index COMP, -4.08% have all been experiencing volatility in recent months, weighed by rising bond yields and a trade war with China. The Dow fell more than 800 points and the S&P 500 had its worst day since February. What […]

Trump Says Fed ‘Has Gone Crazy’ Following Stock Market Selloff…

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President Donald Trump again criticized the Federal Reserve for raising interest rates, calling it a “mistake” hours after the worst U.S. stock market sell-off since February. “The Fed has gone crazy,” he told reporters on Wednesday as he arrived in Pennsylvania for a campaign rally. “So you can say that well that’s a lot of […]

Dollar Dipsy-Doodle – A Brief Ray of Light…

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There are three ledgers that are kept for us in God’s economy: kindness, compassion, and love. Janet made hawkish noises to go along with the 25 bp interest rate increase today. I don’t think they will be raising rates much more this year, if the economy is doing as badly as the data and the […]

Yellen’s Effed up Attack on Working People, Sad by Mike Whitney…

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Why did the Fed raise its benchmark interest rate when inflation is still running below the Fed’s target, workers wages have hardly budged and the economy is not even growing at 1 percent? Yellen was asked that question at a press conference on Wednesday following the release of the FOMC’s statement. Her answer helps to […]

The Reason the Fed is Raising Rates, and Why It Won’t Work by Mike Whitney…

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Why is the Fed creating incentives for US corporations to destroy themselves? Why is the Fed pushing insurance companies and retirement funds into bankruptcy? Why is the Fed raising interest rates when inflation is still well below its 2 percent target? Things are not always what they seem. In theory…

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