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Economy

New York Times’ Tom Friedman praises Trump for taking China action

New York Times foreign affairs columnist Thomas Friedman praised the Trump administration on Thursday for taking action against China on trade, though he said he never thought a tariff strategy was the right move. "My feeling was the president was right," Friedman said on CNBC's "Squawk Box. " "The structure of U.S.-China trade had changed, and the…
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Weekly jobless claims

A now hiring sign is displayed in the window of a Brooklyn business on October 5, 2018 in New York, United…

Weekly mortgage refinances spike 37% in one week as rates fall again

A real estate agent and a potential home buyer in Coral Gables, Fla.Getty ImagesAnother sharp drop in mortgage rates sent even more homeowners to their lenders, hoping to save money on their monthly payments.Mortgage application volume jumped 21.7% last week compared with the previous week, according to the Mortgage Bankers Association's seasonally…
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US Consumer Price Index (CPI)

Customers shop at a Walmart store in Secaucus, New Jersey, on Wednesday, May 16, 2018.Timothy Fadek | Bloomberg | Getty ImagesConsumer prices rose more quickly than expected in July as gasoline reversed a two-month decline and the cost for rent continued to climb.The consumer price index for all items was up 0.3% for the month, against expectations…
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Fed’s rate cutting helps provide cover for Trump to wage the trade war

Federal Reserve Chairman Jerome Powell reacts during a press conference in Washington D.C., the United States, on July 31, 2019.Liu Jie | Xinhua | Getty ImagesPresident Donald Trump's move to intensify the trade dispute with China comes with an important backstop: a Federal Reserve that looks ready to support any economic weakness with interest…
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