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Economists expected the University of Michigan’s Consumer Sentiment Index to see a preliminary reading of 97 in May, according to Thomson Reuters.
President Trump believes that the growth generated from reforms will help spur business out of its post-Great Recession funk.
Job creation in the private sector cooled off in April but was still in line with what Wall Street had been expecting.
The challenge when Xi visits is to convince an “America First” president the two countries can work together on infrastructure.
The U.S. is headed for a recession in the next two years as excessive fiscal stimulus takes the economy into unsustainable territory.
This time, Trump celebrated the strong jobs numbers. Under Obama, he dismissed positive employment reports, Politico’s Ben White says.
GDP is likely to have increased just 1.2 percent in the first quarter, according to the Atlanta Fed’s closely watched GDPNow model.
Phase four depends on the pro-growth policy execution, the chief economic advisor at Allianz tells CNBC.
Nonfarm payrolls grew by 227,000 in January while the unemployment rate edged higher to 4.8 percent, the Bureau of Labor Statistics reported Friday.
“You don’t want to irritate one of your largest buyers,” says one economist in Missouri, “and that’s got everybody on edge right now.”
Professional investors entered a new day for U.S. politics with high expectations tempered with caution over what could go wrong.
The biggest risk to the rally may turn out to be something the new administration can’t do anything about, El-Erian tells CNBC.
Payrolls grew by 156,000 in December, closing out a year in which employment growth moderated and the economy showed signs of entering a new phase.
A positive sea change in consumer outlook will help businesses, but a lag in productivity still threatens earnings, Jason Trennert says.
The Index of Consumer Sentiment hit 98.2 in December, the University of Michigan reported on Friday.