Daily Economic News

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March 21, 2019

Today's Economic Calendar


8:30 Initial Jobless Claims
8:30
Philly Fed Business Outlook
10:00
Leading Indicators
10:00
Quarterly Services Report
10:30
EIA Natural Gas Inventory
4:30 PM
Money Supply
4:30 PM
Fed Balance Sheet 

  


Economic News   


The Fed’s New ‘Normal’ Looks Worrisome

The Federal Reserve now believes its monetary policy is back to normal. That should worry you: if this is normal, then the Fed has precious little ammunition for when economic conditions again turn abnormal.


Fed Signals Rates Will Stay Steady Amid Growth Fears

The Federal Reserve held its benchmark interest rate steady, and a majority of officials signaled they might not raise the rate at all this year.

 

A Central Banking Domino Effect Is in Motion

Abrupt changes in the policies of the world’s largest central banks have rippled through smaller economies, leaving them with the prospect of low and even negative interest rates for years to come despite having mostly healthy economies.


U.S. Jobless Claims Declined in Mid-March

The number of Americans filing applications for new unemployment benefits fell last week, showing the labor market’s strength.


Trump Signals U.S. to Keep Tariffs on China After Deal

With the U.S. and China preparing for a fresh round of face-to-face negotiations, President Trump said the U.S. expected to keep tariffs on Chinese goods in place for a “substantial period of time,” even after a deal.


Measure of U.S. Innovation Jumped in 2018

Multifactor productivity grew 1% last year, the strongest gain since 2010, the first full year of the expansion, the Labor Department said, as companies like Amazon, Apple, Google and Uber have changed the way people live but the innovations haven’t radically boosted companies’ ability to be efficient.



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