Payroll growth slows in November as labor market tightens

Private payrolls grew by 179,000 in November, below Wall Street estimates of 195,000, according to ADP and Moody’s Analytics. The service sector added 163,000, led by professional and business services. Medium-size businesses were the biggest job creators. “This month’s report is free of significant weather effects and suggests slowing underlying job creation,” says Mark Zandi,…

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Fed's Kashkari says rates should not go up when job creation is strong and inflation is tame

At this point, the Fed should pause on interest rate increases, says Minneapolis Fed President Neel Kashkari. Hiking rates too forcefully before necessary could risk causing a recession in the U.S. economy, Kashkari argues. Kashkari believes rates are “close to neutral,” a level hotly debated ever since Fed chief Jerome Powell’s controversial comments last month….

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After Powell comments, traders see just one rate hike next year

Market pros expected to hear dovish comments from Fed Chairman Jerome Powell so when he said the neutral rate is close, many took it to mean the Fed will stop hiking rates sooner than previously indicated. BMO U.S. rates strategist Jon Hill says that after Powell’s comments, the futures market went from pricing in 1.6…

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As US recession chances increase, the Fed may deliver fewer rate hikes: Poll

The Federal Reserve is expected to raise interest rates again next month and three times next year. A strong majority of economists polled by Reuters over the past week say the risk is it will slow that pace down, however. The probability of a U.S. recession in the next two years, while still low, also…

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Gary Cohn: President Trump shouldn't comment on independent agencies like the Fed

Former White House economic advisor Gary Cohn says President Trump shouldn’t be criticizing independent agencies, including the Federal Reserve. Trump has launched attack against the central bank for raising interest rates, which he has said pose the biggest danger to the economy. President Donald Trump shouldn’t be criticizing independent federal agencies like the Federal Reserve,…

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US weekly jobless claims fall, while continuing claims drop to the lowest level since 1973

New applications for U.S. unemployment benefits dropped last week and the number of Americans on jobless rolls fell back to levels last seen in 1973. The data suggested a further tightening in labor market conditions. Initial claims for state unemployment benefits decreased 5,000 to 210,000 for the week ended Oct. 13, the Labor Department said….

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Cryptocurrency is a commodity under our jurisdiction: CFTC Chair

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Larry Kudlow says the Fed is independent and the president is not dictating policy to central bank

A day after President Donald Trump called the Federal Reserve “loco,” his top economic advisor said the White House is not trying to influence monetary policy. Larry Kudlow, director of the National Economic Council, spoke Thursday to CNBC about the current state of the economy and its impact on markets. On Trump’s remarks, he did…

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Governments Are BANKRUPT, PEOPLE Are Waking Up!

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Ripple News! Ripple Will Surpass Bitcoin – Believes a Finance Pundit

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Crypto currency gold Bitcoin BTC bit coins chart on the computer screen bitcoin mining concept

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Bitcoin $1600 Move Incoming? Phore Giveaway! XRP Getting Dumped? Wanchain Will Rise Again!

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Trump doesn't realize the impact trade war could have on his voters, asset manager warns

The prime victim of the sparring of tariffs between the U.S., China and others will be consumers, because prices will likely go up, an AllianceBernstein investment chief said. AllianceBernstein’s Phelps also implied that heightened protectionism could affect the long-term investment decisions of shareholders. The U.S. this week imposed a 10 percent levy on $200 billion…

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WEF — Blockchain Could Improve Multiple Spheres of Global Economy

If recent reports come to fruition, blockchain technology has the potential to have a massive financial impact on the global trade industry. The World Economic Forum (WEF) released an optimistic outlook for the global economy, which would be driven by the impact and adoption of blockchain technology in the next 10 years. According to the…

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Blockchain: The technology behind Bitcoin

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Service sector boomed in August, while factory orders fell more than expected in July

The service sector boomed in August, while factory orders sank more than expected a month earlier, according to two reports released Thursday. The Institute of Supply Management’s measure of the non-manufacturing sector for August came in at 58.5, blowing away expectations for a reading of 56.8 by a survey of Thomson Reuters analysts. Factory orders…

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Fed officials worry that the trade war poses the biggest threat to 'strong' economy

Fed released minutes from its July 31-Aug. 1 meeting on Wednesday. Officials said it would “likely soon be appropriate to take another step in removing policy accommodation.” “Participants observed that if a large-scale and prolonged dispute over trade policies developed, there would likely be adverse effects on business sentiment, investment spending, and employment,” the minutes…

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Fed's Barkin says US interest rates need to rise further

The U.S. economy is strong enough to warrant further interest rate increases by the Federal Reserve, Richmond Fed President Thomas Barkin said on Wednesday. “It is difficult to argue that lower than normal rates are appropriate when unemployment is low and inflation is effectively at the Feds target,” Barkin said in Roanoke, Virginia. The U.S….

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Crypto News! Ripple (XRP) vs Stellar Lumens (XLM)! Which Cryptocurrency Will Win

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Bitcoin News! 3 Reasons Why Bitcoin Will Reach $50,000 Before the Year Closes – Anthony Pompliano

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