U.S. Economy
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U.S. regulators vow to ratchet up rules, oversight for banks after recent failuresFed Vice Chair for Supervision Michael Barr said the agency was "carefully considering" rule changes for larger regional banks of over $100 billion in assets.EconomyMay 16
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U.S. inflation cools slightly in April, but prices still elevatedConsumer prices in the U.S. accelerated in April after months of declines, with measures of underlying inflation suggesting that rising costs could persist for months to come.EconomyMay 10
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Yellen warns of U.S. ‘economic chaos’ if debt limit not raisedTreasury Secretary Janet Yellen said that there are ``no good options'' for the U.S. to avoid an economic ``calamity'' if Congress fails to raise the nation's borrowing limit.U.S. NewsMay 7
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U.S. layoffs have hit their highest level in two yearsU.S. job openings fell for a third straight month in March and layoffs increased to the highest level in more than two years, suggesting some softening in the labour market.EconomyMay 2
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U.S. unemployment rate clings to near-historic low as 236K new jobs addedThe unemployment rate fell to 3.5 per cent, not far above the 53-year low of 3.4 per cent set in January. Last month's job growth was down from February's sizzling gain of 326,000.U.S. NewsApr 7
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Warren Buffet stays upbeat, preaches patience amid economic uncertainty in annual letterBillionaire investor Warren Buffett on Saturday signaled he has lost none of his enduring confidence in the U.S. economy and his company Berkshire Hathaway Inc BRKa.N.U.S. NewsFeb 25
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Joe Biden promises U.S. will collaborate with southeast Asian nationsPresident Joe Biden promised Saturday that the United States would work with a strategically vital coalition of southeast Asian nations.WorldNov 12, 2022
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U.S. inflation eases to 7.7% in October despite rise in energy pricesA drop in used car prices along with clothing and medical care costs helped to ease inflation.ConsumerNov 10, 2022
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Mortgage rates in the U.S. are now at their highest level since 2006Mortgage rates have more than doubled since the beginning of the year as the Federal Reserve pursues an aggressive path of interest rate hikes to bring down inflation.EconomyOct 12, 2022
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2023 will ‘feel like a recession’ for many, IMF warns in revised global outlookThe International Monetary Fund said its latest World Economic Outlook forecasts show that a third of the world economy will likely contract by next year.EconomyOct 11, 2022
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