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1don MSN
U.S. economy is still growing, ISM says, but ‘tariff uncertainty’ is depressing sales and hiring
The large services side of the economy grew in November for the sixth month in a row and inflationary pressures eased, but businesses were taking a cautious approach to hiring and investing due to lingering “tariff uncertainty.
The president’s approval rating fell to 42% while his disapproval rating rose. A greater share of respondents disapproved of Trump’s handling of the economy.
Wall Street is warning about a widening K-shaped economy, but Bank of America says the divide may be less destabilizing than feared.
The UCLA Anderson Forecast released Wednesday predicts the state and nation will muddle through a weak jobs market until the economy picks up next year.
Stocks are back on the doorstep of record territory after a volatile month on Wall Street, but persistent inflation worries and souring consumer sentiment are keeping investors uneasy ahead of the Fed’s last policy meeting of the year.
British scientific journal Nature retracted a climate study due to data reliability issues, particularly problematic information from Uzbekistan that skewed results.
Traders offered the new exchange rate as attempts so far to restart negotiations between America and Iran over its nuclear program appear stalled.
While spending soared to almost $12 billion, per one estimate, the data shows a more complicated economic picture.