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Trump to appoint Fed governor and labour statistics chief this week
US president set to tighten grip on economic information and policymaking after controversial sacking of BLS official
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US trade advisor says Trump tariff rates are ‘pretty much set’ after deadline was pushed back
The tariffs will kick in on August 7 instead of August 1, which had previously been touted as a hard deadline.
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Poorest US workers hit hardest by slowing wage growth
Trend adds to pressure on Donald Trump over inequality as he threatens to undermine reliability of economic data
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Dow futures drop as recession alarm bells jolt Wall Street awake from dreams of a gravity-defying economy
With Wall Street now more attuned to economic risks like Trump’s trade war, the tariffs that will go into effect on Thursday may get more scrutiny.
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Wall Street’s view of a ‘Kevlar economy’ has just been shattered, but red flags were lurking under the radar
“Something always goes wrong eventually — whether it’s a risk hiding in plain sight or something you couldn’t see coming.”
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Iran’s currency has plunged so much in value that Tehran plans to chop off four zeros from the rial
As of Sunday, the rial was trading at around 920,000 to the US dollar on the street market.
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Trump’s former jobs data chief decries firing of successor
“I don’t know that there’s any grounds at all for this firing,” said Beach. “And it really hurts the statistical system. It undermines credibility in BLS.”
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The brave new world of trade has arrived
Donald Trump has reset the global trading order. What happens next?