Unemployment Insurance News
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Modern fiscal conservatism has wrapped itself in one whopper of a false choice: That the U.S. must decide between economic growth and the welfare state.
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The index of U.S. leading indicators climbed in April, a rebound from March that suggests the world’s largest economy will accelerate later this year.
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More Americans than projected filed claims for jobless benefits last week and manufacturing in the Philadelphia region unexpectedly shrank in May, signs the slowdown in growth is rippling through the U.S. economy.
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Treasuries erased losses after initial claims for unemployment insurance rose more than forecast and housing starts declined more than projected.
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Three Federal Reserve regional bank presidents called for phasing out the Fed’s monthly purchases of $40 billion in mortgage-backed securities as the housing recovery shows signs of gaining momentum.
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Richard Fisher, president of the Federal Reserve Bank of Dallas, urged the central bank to slow purchases of mortgage-backed securities to avoid disrupting the market.
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Australia’s dollar traded near an 11- month low after signs of an economic slowdown in the U.S. and Europe weighed on commodity prices, dimming the outlook for the South Pacific nation’s exports.
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The dollar had its biggest rally since February as signs of labor market strength suggested the Federal Reserve may reduce stimulus sooner than its peers, driving the yen lower than 100 for the first time since 2009.
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Treasury 30-year bond yields traded at almost a one-month high before the U.S. sells $16 billion of the debt today amid speculation yields at about 3 percent and falling inflation expectations may attract investors.
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Treasuries extend gains after the U.S. sale of $16 billion in 30-year bonds produced a lower-than- forecast yield.
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