Fed Decision May Hinge On Which Holds Sway: Data or Outlook

Washington — The Federal Reserve’s decision on whether to raise interest rates this month is coming down to a simple question: Are policymakers data dependent or outlook dependent? The flow of economic statistics from the government and elsewhere in the run-up the Fed’s Sept. 16-17 meeting, punctuated by Friday’s labor report, mostly suggests that the first rate increase in nine years would be justified. Automobile sales have been...

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U.S. Stock Markets Plummet; Dow Sinks Below Correction Threshold

New York — U.S. stocks plunged lower Tuesday, following the rest of the world’s markets down, as investors reacted to fresh news of China’s economic slowdown. The blue-chip Dow Jones industrial average dropped nearly 3 percent, falling 469.68 points, to 16,058.35, while the broad-based Standard & Poor’s 500 index fell 58.33, also about 3 percent, to 1,913.85. The sell-off of U.S. shares, which appeared to be finding at least a...

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China’s Missteps Trip Up Others
Aug29

China’s Missteps Trip Up Others

Beijing — Not long ago, global markets were fixated on a nation in the throes of financial upheaval. Its equities markets were crumbling, its debts sky-high. Media pundits, investors and foreign governments began to question the long-term viability of its political-economic model. Sound familiar? That country was the U.S., and the year was 2008. Wall Street had engineered a financial catastrophe, sending global markets into a...

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Economy Is Steaming Along in U.S.

Washington — A funny thing happened while the world financial markets shuddered in panic this week. A range of indicators about the U.S. economy, the world’s largest, showed a recovery that’s continuing to gain steam. Even as stocks whipsawed, data on housing, consumer confidence, the labor market and economic growth all showed the economy flexing its growing muscle. The latest data came Thursday when the Bureau of Economic Analysis...

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Costs Have Hit State Health Markets Hard

Washington — State-run health insurance markets that offer coverage under President Obama’s health law are struggling with high costs and disappointing enrollment. These challenges could lead more of them to turn over operations to the federal government or join forces with other states. Hawaii’s marketplace, the latest cautionary tale, was awarded $205 million in federal startup grants. It has spent about $139 million and enrolled...

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