Senator Portman warns of economic espionage. Senator Rob Portman of Ohio released a minority staff report for the Homeland Security and Government Affairs Committee that details how the…
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Unemployment Claims Reach Eight-Month High
Federal Reserve rate hikes may be causing the labor market to slow down. The number of new applications for unemployment benefits increased by 7,000 last week to 251,000,…
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Latest Jobs Numbers Point to Solid Growth
Numbers ease recession fears for now. U.S. employers added 372,000 jobs to the U.S. economy in June, extending a streak of strong labor market gains, yet the broader…
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Federal Reserve Committed to Bringing Down Inflation
Chairman Powell says they will “do whatever it takes.” Federal Reserve Chairman Jerome Powell said Wednesday that the U.S. central bank will “do whatever it takes” even if…
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Treasury Requests Public Feedback for Trade Transparency
Working to build market resiliency for the country and globe. The Department of the Treasury published a request for information (RFI) last week to ask for public feedback…
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Small Businesses Fall Behind in Hiring
Inflation is taking its toll. Data shows that companies with 50 workers or less have lost employees and face hiring difficulties over three of the past four months. Keeping…
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Federal Reserve Raises Key Rate 0.75 Percent
Short-term rate now 1.75%, could still increase. On Wednesday, the Federal Reserve announced that it will be addressing inflation by raising its interest rate from 1% to 1.75%.…
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Unemployment Claims Higher Than Estimated
Highest level since January. The Labor Department reported that unemployment claims for the week ending on June 4 reached 229,000, increasing by 27,000 from the last period. The number,…
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President Responds to Strong Jobs Report for May
He says the U.S. can address inflation from a “position of strength.” On Friday, President Biden praised the May jobs report as evidence of the economy’s underlying strength.…
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President Sets Out Plan to Fight Inflation
He will “build on historic recovery.” On Tuesday, President Biden laid out a three-part plan for combating high inflation. “We have a chance to build on a historic recovery…
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