Overall, the United States looks strong. But is it strong enough to withstand an interest rate hike by the Federal Reserve? The latest data from the US suggests the turbulences in the global economy might have finally hit the nation.
The US has added fewer jobs lately than expected by labor market experts, fresh government figures have shown. The overall unemployment rate held steady at a 17-year low in the world's largest economy.
The US president has nominated Jerome Powell as the new chair of the central bank. While Trump wants low rates to boost growth and the stock markets, he knows that what Wall Street values most is safe hands.
The third increase in US interest rates this year was widely expected. But as Fed chair Janet Yellen is about to leave office, questions about the central bank's future rate policy in the Trump era are emerging.
Federal Reserve Chair Janet Yellen has told the US Congress that interest rates will not have to rise much further. Politicians are concerned that three rate rises have taken place amid an uneven economic recovery.
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