China will top the US as largest retail market in 2019, a report says. It highlights China’s growing middle class and shift to consumer driven economy
Author: Paul Davidson, USA TODAY
China, India close gap with U.S. as world’s top economy
China, other Asian countries, are gaining on US as world’s largest economy, a report says. The reshuffling Is partly behind US trade war with China
Powell: Fed could lower forecast from two rate hikes in 2019
Powell: The Fed could cut forecast from two rate hikes this year. The Fed chief reiterated his remarks last week that the central bank will be patient
How a downgrade to the U.S. credit rating could affect the economy
Fitch ratings fears the government shutdown could lead to a debt ceiling standoff, prompting a credit rating downgrade. Here’s the potential impact.
Fed’s Powell: Central bank ‘will be patient’ as it mulls more rate hikes, boosting stocks
Fed Chairman Jerome Powell said Friday the central bank ‘will be patient’ as it weighs future interest rate hikes. Stocks surged.
Economy’s weaknesses in 2019: Trade war, fading stimulus, rate hikes could slow growth
U.S. trade war with China, rate hikes , fading fiscal stimulus are economic obstacles in 2019. Toss in slowing business spending, tepid housing market
Economy’s strengths in 2019: Strong job market, consumer spending, and low inflation
A strong job market, healthy consumer spending and low inflation should drive growth in 2019. While the economy will slow, it should post solid gain
Mulvaney: Trump ‘now realizes’ he can’t fire Federal Reserve Chairman Jerome Powell
Although the president appoints Fed governors, the Fed is an independent agency and the governors can be fired only “for cause.” It’s unclear if Trump could remove Powell as chairman while he remains a governor.
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Q&A: Does the stock market sell-off mean a recession is coming?
Is the stock market’s recent plunge signaling a recession in 2019? Economics reporter Paul Davidson breaks it down.
Will the hot economy and job market go cold in 2019?
Economic growth is expected to slow next year but still turn in a solid performance. Consumer spending should be healthy while housing, trade hurt gain