It would be "quite challenging" for the USA to reach the 3% growth target set by President Donald Trump , Yellen told a Senate committee today. The Federal Reserve is embarking on an annual summer ritual: Downgrading its overly optimistic forecasts for economic growth and, potentially, preparing for a pause in interest rate increases.
China's gross domestic product (GDP) for the second quarter continued its pace in the first quarter as industrial output and strong consumption lifted the country's factories. Debt-fueled investment in infrastructure and real estate has underpinned China's growth for years. Steel rebar margins were nearly 1,000 yuan ($147.77) per tonne in June, enticing mills to increase output, said Bai Jing, analyst at Galaxy Futures.
Smith's evident exasperation at the administration came as reports reveled there were more people at the Trump Tower meeting with a Russian lawyer than what officials initially acknowledged. "And why are we getting told all these lies?'" The inconsistencies and revisions in Trump Jr's recollection of events outraged Smith, who went on a lengthy rant taking the administration to task for failing to be forthcoming.
A meat supplier is recalling more than 7 million pounds of hot dogs and similar products after complaints that some contain bone fragments. "8894" inside the USDA mark of inspection. It is recommended that you contact a healthcare provider if you are concerned about an injury or illness. A full list of recalled foods is on the FSIS website .
However, the core consumer price index (CPI) is forecast to have risen only 1.7 percent year-on-year in June after a similar gain in May. Lower costs for gas, airline tickets, new and used cars and wireless mobile phone plans kept US consumer prices flat in June, evidence that inflation remains muted.
The deputy leader of an Australian political party announced Friday that he was ending his nine-year career in Parliament because he had discovered he had technically never been a senator. I'll really miss it, but there are other ways to make trouble. His resignation will leave a vacant seat in the Senate, which is likely to be filled by fellow Greens member 22-year-old disability activist, Jordan Steele-John.