Articles Tagged with ''Department of Commerce''

U.S. inflation hits 6-year high

Annual growth hits Fed’s 2% target
After coming up short for more than half a decade, inflation in the U.S. is back on track. Indicators show inflation rose 2% in May, meeting the Federal Reserve's ideal target for strong, sustainable growth.
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Monday Morning Cup of Coffee: What does Goldman Sachs expect from Trump administration?

Plus trouble brewing for Canada’s housing market
In the days since the election, observers on both sides of the political divide found themselves shaking their collective heads at the frequency at which the name Goldman Sachs is a prominent feature on the resume of one of President-elect Donald Trump’s cabinet nominees. So, what exactly does Goldman Sachs expect out of the Trump administration? All that and more in your Monday Morning Cup of Coffee.
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Trump chooses Wilbur Ross as Commerce secretary

Nominee has long history in housing business
Steve Mnuchin, President-elect Donald Trump’s choice to lead the Department of the Treasury, has a long history in the housing business, but Mnuchin isn’t the only one of Trump’s latest appointments to boast such a history. Trump also announced that he chose Wilbur Ross to serve lead the Department of Commerce. Here's a look at Ross' history in housing.
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Homeownership rate rises for first time in 2 years

Increases after dropping to 48-year low in second quarter
After dropping to the lowest level in 48 years in the last quarter, the homeownership rate in the United States increased during the third quarter. The increase during the third quarter was the first time the homeownership rate increased in two years.
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