US economy

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US national debt hits $21 trillion

US national debt hits $21 trillion

The United States national debt exceeded $21 trillion for the first time, a little more than six months after it hit first $20 trillion on September 8, 2017. The national debt was $21.031 trillion on Thursday. The government releases …

US Fed retains interest rate, but not for long

US Fed retains interest rate, but not for long

US Federal Reserve's Open Market Committee (FOMC) kept interest rates unchanged, while at the past committee's meeting in mid-June the target rate was raised to 1-1.25% from 0.75-1.0%. The Fed also raised the rate in March, …

Will Trump bring US dollar down?

Will Trump bring US dollar down?

US President President Donald Trump believes the US dollar “is getting too strong” and he would prefer the Federal Reserve keep interest rates low. Trump, in an interview with The Wall Street Journal, said …

Federal Reserve System may raise discount rate

Federal Reserve System may raise discount rate

The US Federal Reserve System may raise the discount rate in the near future, the Federal Reserve officials said. "Further gradual increases in the federal funds rate are likely to be appropriate," Federal Reserve Chair …

Markets prepare for US interest rate increase in June

Markets prepare for US interest rate increase in June

Major US stock indexes dropped yesterday of the background of a potential US interest rate increase in June. The Dow Jones Industrial Average plunged lost 0.52% and reached 17435.40 points, the NASDAQ Composite Index lost 0.56% and …

Economy is stalling worldwide

Economy is stalling worldwide

Experts of the Organization for Economic Cooperation and Development (OECD) has issued a new forecast of the global economy, which is much more pessimistic than the previous one. 2016 global growth forecast was reduced to 3% [in …

Dollar 'gets sick'

Dollar 'gets sick'

The dollar exchange rate dropped to a record low since 2009 due to adverse statistical data from the US. Yesterday the US services business activity index decreased. According to experts, it is a kind of 'thermometer' of the ...