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Monthly archive November, 2018

U.S. Economic Growth Unrevised At 3.5% In Q3

Economic growth in the U.S. was unrevised in the third quarter, according to the second reading released by the Commerce Department on Wednesday. The report said real gross domestic product jumped by 3.5 percent in the third quarter, unrevised from Read More →

Cryptocurrency Daily Roundup – Nov.28

A summary of some of the widely followed stories on cryptocurrency and blockchain during the past 24 hours.Original Article Read More →

U.S. New Home Sales Plunge To Lowest Level In Well Over Two Years

New home sales in the U.S. showed a substantial decrease from an upwardly revised level in the month of October, according to a report released by the Commerce Department on Wednesday. The Commerce Department said new home sales plummeted by Read More →

Dollar lifted by Fed expectations, trade tensions

The dollar held near its two-week peak on Wednesday, as lingering concerns over Sino-U.S. trade tensions helped lift safe haven currencies while forex investors awaited cues from the U.S. Federal Reserve on the path of future interest rate increases.

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Fed Chairman Powell: Interest Rates Currently “Just Below” Neutral

In a highly anticipated speech before the Economic Club of New York on Wednesday, Federal Reserve Chairman Jerome Powell described the current level of interest rates as "just below" neutral following a series of rate hikes this year.Original Article Read More →

Hopes for US-China deal lifts sentiment

Optimism on a hoped-for US and China trade compromise lends support to the major US equity indices that closed in positive territory on Tuesday. Trading during the Asian session this morning continued in positive territory as well, as the major Read More →