Democratic presidential hopeful Elizabeth Warren highlighted burgeoning debt levels and recent declines in manufacturing as factors making the U.S. economy vulnerable to a downturn, previewing a line of attack Donald Trump’s opponents will use to pierce the aura of a record-long expansion and half-century low in unemployment.
Judy Shelton, who President Donald Trump has said he plans to nominate to the Federal Reserve Board in Washington, backs a half percentage-point rate cut when the central bank meets next week and said she would have pushed for a sooner move.
Wholesale sales in Canada pulled back by the most since 2016 in May on declines in motor vehicles, while a measure of sales to inventories rose to the highest in more than two decades.
President Donald Trump pushed the Federal Reserve to cut interest rates as policy makers ready for their decision this month on whether to do so.
Face-to-face negotiations between the top Chinese and U.S. trade negotiators could happen soon, according to Chinese state media, after a number of goodwill gestures by Beijing over the weekend.
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