Federal Reserve staff told central bank officials in late July that they would lower their estimate for economic growth in the second half of the year, according to minutes released by the Federal Open Market Committee on Wednesday. Fed staff always present their own forecasts at the Central Bank’s eight …
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Gold prices plunged sharply on Wednesday, ending a two-day string of gains as the U.S. dollar stopped its skid and as commodity investors watched minutes from the Federal Reserve’s July policy meeting, which could provide further insight into the central banker’s perspective for US and global business. Market participants will …
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Americans with 401 (k) plans may think they have saved a lot for retirement, but a new government rule will show them exactly how much money they will see in their old age. The Department of Labor has published its interim final rule whereby managers have plans for defined contributions, …
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Investors familiar with the rapid acceleration of the US dollar could look to Washington for an answer. “The state of political anger clearly knows the dollar as the failure of more fiscal stimulus [and] the clear partisan skirmishing over post-in voting, which threatens to undermine the credibility of the election, …
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“The rich get richer” does not even begin to tell the story today. According to the Institute for Policy Studies, the wealth of the top 12 billionaires in the US recently exploded to more than one trillion dollars – yes, 13 figures. The statistic is obviously an eye-popping figure on …
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