Financial News Network - Economic News

Home sales fell in April despite a big drop in mortgage rates

Sales of existing U.S. homes fell 0.4% in April compared with March to a seasonally adjusted annualized rate of 5.19 million units, according to the National Association of Realtors. Sales were 4.4% lower compared with April 2018.

Read more: https://www.cnbc.com/2019/05/21/home-sales-fell-in-april-despite-a-big-drop-in-mortgage-rates.html

'Trumponomics' co-author Art Laffer: Fed should heed markets and lower interest rates

The Fed should take its cues from falling bond yields and lower short-term interest rates, says economist Art Laffer.

Read more: https://www.cnbc.com/2019/05/21/trumponomics-writer-art-laffer-fed-should-follow-markets-cut-rates.html

Xi Jinping says China is embarking on a 'new Long March,' signaling no end to trade war soon

"We are now embarking on a new Long March, and we must start all over again!" Xi Jinping said.

Read more: https://www.cnbc.com/2019/05/21/xi-jinping-says-china-is-embarking-on-a-new-long-march-signaling-no-end-to-trade-war-soon.html

As the stock market makes a comeback, the bond market flashes a 'dire' warning about the economy

Stocks are weathering the latest bouts increasing trade fears, but the bond market is pointing to more trouble ahead.

Read more: https://www.cnbc.com/2019/05/21/as-the-stock-market-makes-a-comeback-the-bond-market-flashes-a-dire-warning-about-the-economy.html

Fed Chair Powell: Business debt is rising but does not pose a threat to the system

The issue of corporate debt has surfaced as companies continue to use the low rates the Fed has provided to lever up their balance sheets.

Read more: https://www.cnbc.com/2019/05/20/business-debt-rising-but-not-posing-threat-to-system-fed-chair-powell-says.html

Here's what to do if the US-China trade war ignites layoffs

The trade war with China and rising pressure on manufacturers and retailers is bringing a new worry : layoffs. Here's how to manage if you lose your job.

Read more: https://www.cnbc.com/2019/05/20/heres-what-to-do-if-the-us-china-trade-war-ignites-layoffs.html

Atlanta Fed President Bostic does not see a rate cut this year like the market is telegraphing

Bostic expressed confidence in the economy, and in the Fed's position on monetary policy, during an interview Monday with CNBC.

Read more: https://www.cnbc.com/2019/05/20/atlanta-fed-president-bostic-does-not-see-a-rate-cut-this-year-like-the-market-is-telegraphing.html

China is in 'no rush' to restart trade talks

Beijing is in "no rush" to resume trade talks between the U.S. and China.

Read more: https://www.cnbc.com/2019/05/20/china-in-no-rush-to-restart-trade-talks.html

Three states, including two big ones for the 2020 election, just set new lows for unemployment

Vermont's 2.2%, Pennsylvania's 3.8% and Wisconsin's 2.8% set new lows for state unemployment rates.

Read more: https://www.cnbc.com/2019/05/17/pennsylvania-vermont-and-wisconsin-just-set-new-lows-for-unemployment.html

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Economic News

Home sales fell in April despite a big drop in mortgage rates

'Trumponomics' co-author Art Laffer: Fed should heed markets and lower interest rates

Xi Jinping says China is embarking on a 'new Long March,' signaling no end to trade war soon

As the stock market makes a comeback, the bond market flashes a 'dire' warning about the economy

Fed Chair Powell: Business debt is rising but does not pose a threat to the system

Here's what to do if the US-China trade war ignites layoffs

Atlanta Fed President Bostic does not see a rate cut this year like the market is telegraphing

China is in 'no rush' to restart trade talks

Three states, including two big ones for the 2020 election, just set new lows for unemployment

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