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Euro zone consumption resilient, labor market strong: ECB

Euro zone consumption resilient, labor market strong: ECB

FRANKFURT (Reuters) – Consumption in the eurozone appears to be resilient to a recent slowdown and the labor market is also expected to continue expanding, suggesting that growth remains broad-based, the European Central Bank said in a regular economic bulletin....
Don’t look for more cheap ECB loans just yet: sources

Don’t look for more cheap ECB loans just yet: sources

FRANKFURT (Reuters) – A new round of cheap European Central Bank loans is not imminent as policymakers see little need to pump more cash into the banking system at a time when lending and inflation are picking up, three sources close to the matter told Reuters....
Trump widens Fed critique, calls it ‘my biggest threat’

Trump widens Fed critique, calls it ‘my biggest threat’

WASHINGTON (Reuters) – U.S. President Donald Trump heaped more criticism on the Federal Reserve in an interview with Fox Business Network on Tuesday, extending his discontent beyond its chairman, Jerome Powell, whom he has frequently critiqued in public. “My...
Nasdaq Drops for Third Day on Global Growth Worries

Nasdaq Drops for Third Day on Global Growth Worries

NEW YORK — The tech-heavy Nasdaq fell on Monday for the third straight day as a sell-off in Chinese markets sparked concerns about slowing global economic growth, though the S&P 500 pared losses to end nearly flat. Beijing announced a steep cut in the level of...