US Hits ISIS Camps In Libya With Precision Airstrikes, Killing 17-
The devastation caused by hurricanes Harvey and Irma and now Maria will make the U.S. Federal Reserve’s job of conducting monetary policy trickier. -
The Bank of Canada raised its policy rate to 1.00 percent on Sept. 6 citing growth that is broad-based, self-sustaining, and exceeding its expectations. -
August’s job growth came in slightly lower than estimates. However, it is unlikely to change the Fed’s plan for an additional rate hike this year, according to analysts. The unemployment rate inched up to 4.4 percent in August from a 16-year low of 4.3 percent in July. And total nonfarm payroll employment rose by 156,000 in […] -
The U.S. economy grew at a higher rate than expected in the second quarter, reflecting upturns in consumer spending and business investment. Gross domestic product (GDP) rose at an annual rate of 3 percent—the fastest pace in more than two years. According to the revised estimates released by the Department of Commerce on Aug. 30, […] -
U.S. consumers’ confidence in the economy unexpectedly strengthened in August to their strongest level in five months, buttressed by optimism about current business conditions, a survey released on Tuesday showed. The Conference Board said its Consumer Confidence Index rose to a reading of 122.9 in August from a downwardly adjusted 120.0 in July. The July […] -
It could always be better. Growth could be higher than the 2.6 percent seen in the second quarter. There could be more full-time manufacturing jobs, instead of the thousands of part-time bartending and waitressing jobs added every month. But despite these drawbacks, the U.S. and global economies have been growing consistently, avoiding major hiccups since the last […] -
The primary purposes of the incorrectly named “unconventional monetary policies” are to debase the currency, stoke inflation, and make exports more competitive. Printing money aims to solve structural imbalances by making currencies weaker. In this race to zero in global currency wars, central banks today are “printing” more than $200 billion per month despite that the financial crisis […]
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There are few entertaining economists, and fewer still work on Wall Street. Willem Buiter, the chief economist of Citigroup, is one of them. He is not only entertaining, but also outspoken—and his analysis of key economic trends and themes is second to none. The Epoch Times spoke with Buiter about Federal Reserve (Fed) interest […] -
The United States froze the personal assets of Venezuelan President Nicolás Maduro on July 31 in response to what the international community considered rigged elections in the troubled South American nation. For the people of Venezuela, however, the sanction is of little consequence as their economy spirals toward hyperinflation. “Inflation has been practically institutionalized in […] -
Doubts about the U.S. Federal Reserve raising rates for a third time in 2017 are building -
In her recent set-piece testimony before Congress, Janet Yellen made clear that she is determined to repeat the sort of ‘gradualism’ in raising rates that proved so disastrous after the Tech bust. In other words, that she will not so much boil the frog slowly as to encourage him to go out and make a further […] -
Sometimes described as boring, Ottawa’s steady housing market is slowly gathering steam without the problems seen in Toronto and Vancouver. -
As widely expected, the Bank of Canada raised its key policy rate by 0.25 percent to 0.75 percent on July 12. -
For many traders, it was a shock to see the barrel of oil collapse to 12-month lows in June, despite an agreement from producers to cut supplies. However, not many people are talking about the falling prices in other commodities, as well as the positive impact of low oil prices on global growth. So why […] -
The older a bull market gets, those who are paid to comment on it become more and more desperate for new things to say about it — a professionally pressing need which tends to split the pundits into two distinct camps, each equally one-eyed about whether prospects are good or bad. Among them is a […] -
With the Bank of Canada and Fed chomping at the bit to raise rates while inflation sputters, many question what the inflation target should be and if a policy error is being made. -
James Rickards, author of “The Road to Ruin,” has successfully predicted Federal Reserve (Fed) policy in the past. In this interview with The Epoch Times, he explains why the recent tightening could lead to a recession and why he recommends gold as a “crisis hedge.” He also explains why he thinks bitoin is in a […] -
WASHINGTON—The U.S. Federal Reserve raised its key interest rate for the third time in six months, providing its latest vote of confidence in a slow-growing but durable economy. The Fed also announced plans to start gradually paring its bond holdings later this year, which could cause long-term rates to rise. The increase in the Fed’s […] -
The latest readings on Toronto’s housing market show definite signs of cooling, and the culprit for the extraordinary price gains—speculative investment—seems to be taking a pause. -
The entrepreneurship bug is spreading in Canada. It’s sorely needed for a labor force and an economy that need to adapt in the face of technological change.
White House Denies Claims That US Declared War on North KoreaWASHINGTON—White House Press Secretary Sarah Sanders on Monday, Sept. 25, denied that the United States had declared war ...Read more
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Reform Aims to Make Tax Code Simple and FairFor millions of Americans, tax day is their least favorite day of the year. It reminds them of ...Read more