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The White House said Thursday that the latest gross domestic product report shows the strength of the economy but did not directly predict that the United States will avoid a recession.
Economy

White House dances around the word ‘recession’ despite strong GDP report

Christian Datoc -
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Blank stimulus checks are seen on an idle press at the Philadelphia Regional Financial Center, which disburses payments on behalf of federal agencies, in Philadelphia, Thursday, May 8, 2008. The first batch of rebate payments started hitting bank accounts last week through direct deposits. Treasury Secretary Henry Paulson, Vice President Dick Cheney and other Bush administration officials are visiting government check printing centers around the country on Thursday for events highlighting the fact that millions of rebate checks are in the mail.
News

Ten-year Treasury yield touches 5%, highest since before Great Recession

Zach Halaschak -
0
Consumer spending surprisingly robust despite inflation and interest rate hikes
Business

Consumer spending surprisingly robust despite inflation and interest rate hikes

Zach Halaschak -
0
Blank stimulus checks are seen on an idle press at the Philadelphia Regional Financial Center, which disburses payments on behalf of federal agencies, in Philadelphia, Thursday, May 8, 2008. The first batch of rebate payments started hitting bank accounts last week through direct deposits. Treasury Secretary Henry Paulson, Vice President Dick Cheney and other Bush administration officials are visiting government check printing centers around the country on Thursday for events highlighting the fact that millions of rebate checks are in the mail.
Business

Treasury yields hit 15-year high after lawmakers delay government shutdown

Zach Halaschak -
0
A shopper peruses cheese offerings at a Target store Wednesday, Oct. 4, 2023.
News

Inflation ticked up slightly to 3.5% in August in Fed’s preferred gauge

Zach Halaschak -
0
Jamie Dimon, Chairman and CEO of JPMorgan Chase, speaks at the Bloomberg Global Business Forum, Wednesday, Sept. 25, 2019 in New York.
Business

Saying economic boom will continue is ‘huge mistake’: Jamie Dimon

Zach Halaschak -
0
Employees work in the battery assembly hall at the BMW Spartanburg plant.
News

GDP revised down to 2.1% annual rate in second quarter

Zach Halaschak -
0
In this photo, the seal of the Board of Governors of the United States Federal Reserve System is displayed in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington.
Business

When could the Fed start cutting interest rates?

Zach Halaschak -
0
Interest rates are soaring, raising the alarm for a painful reckoning for America
Beltway Confidential

Interest rates are soaring, raising the alarm for a painful reckoning for America

Preston Brashers -
0
(AP Photo/Andrew Harnik)

Swiss firm agrees to pay $1.4 billion to settle DOJ suit over 2008 financial crisis

Washington Examiner -
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