Daily Economic News

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April 22, 2019

Today's Economic Calendar


8:30 Chicago Fed National Activity Index
10:00
Existing Home Sales


Economic News   


Economy Week Ahead: GDP, Existing-Home Sales

In the week ahead, the U.S. will publish fresh data on home sales, durable-goods, gross domestic product and consumer sentiment.


Oil spikes as U.S. prepares to end waivers

The U.S. is preparing to announce today an end to sanctions waivers granted to importers of Iranian oil last year, according to Reuters and Washington Post sources. Oil prices spiked on the news, with Benchmark crude oil futures up 2.6% and U.S. West Texas Intermediate up 2.3% in early trading. 


Cain Asks Trump Not to Nominate Him for Fed Board

Herman Cain has withdrawn his name from consideration for the Federal Reserve Board, President Trump said Monday, praising the former restaurant executive whose potential nomination faced significant GOP Senate opposition.


Searching for Answers: Census Case Points to Falling Survey-Response Rates

Americans are growing reluctant to answer government surveys, a trend that will be underscored as the Supreme Court hears arguments in a lawsuit over a 2020 census plan to ask respondents if they are U.S. citizens.


Transcript: WSJ Interview With Chicago Fed President Charles Evans

Chicago Fed President Charles Evans discussed his outlook for the economy, inflation and interest rates with The Wall Street Journal.


U.S. Existing-Home Sales Declined in March

Sales of previously owned U.S. homes sputtered in March, failing to build off strong gains in February, despite lower mortgage rates and a strong job market.


Trump-Appointed Official Promises Full Push to Overhaul Plumbing of Mortgage Market

The newly installed overseer of Fannie Mae and Freddie Mac, Mark Calabria, wants to privatize the bailed-out but now-profitable mortgage-finance companies—and boost competition.


Trade Deal Alone Won’t Fix Strained U.S.-China Business Relations

Even as a U.S.-China trade accord apparently nears completion, rattled businesses on both sides of the Pacific are skittish about rushing back in to revive the once-booming investment activity between the two countries.


U.S. Home Building, Permits Fell Last Month

A gauge of U.S. home building and approvals for new projects declined in March, continuing a recent weak stretch for new housing construction.


Consumer Spending Rebounded in March

Retail sales in the U.S. bounced back in March after a stretch of weak spending, another sign that first-quarter growth was stronger than expected.


U.S. Jobless Claims Hit Fresh 50-Year Low

The number of Americans filing applications for new unemployment benefits fell last week to a fresh 50-year low.


Trump advisor Hassett expects economy to defy earlier doomsday predictions 


BlackRock's Larry Fink says there are no signs of global recession in the next 12 months 


Stop the fixation on China. Investors should be watching US exports to Europe

Opening up a new trade front with the EU would be an unwise move. Washington should opt for an amicable settlement among close friends and allies, writes Michael Ivanovitch.» Read More


Private schooling booms in Japan and South Korea fuel inequality

'Premium education' enriches minds but puts governments across Asia to the test



Asia's worst aging fears begin to come true

Policymakers in South Korea, China and Japan stare into demographic abyss


'Killer dust' pollutes South Korea's relations with China

Beijing rebuffs Moon's attempt to share blame for deteriorating air


India airstrike on Pakistan hits Gandhi's election hopes

Family dynasty struggles to overcome Modi's knack for reading national mood


Major banks raise China growth forecasts after surprise GDP numbers — some are still cautious

China's better-than-expected first quarter GDP growth is spurring economists at Citi, Barclays and ING to raise their growth forecasts for this year, though other analysts are holding off for now.



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