John Ydstie
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The U.S. has been pressured to respond forcefully to the killing of journalist Jamal Khashoggi in Saudi Arabia's consulate in Istanbul, Turkey. Members Of Congress urge sanctions against Saudi Arabia.
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The U.S. economy is in a sweet spot, with unemployment at a near 50-year low and an inflation rate that's low and stable. But that combination — low unemployment and low inflation — has economists at the Fed wondering if a theory they've had about how the economy works is still relevant.
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A new data tool finds a strong correlation between where people grew up and their chances of climbing the economic ladder. Charlotte, N.C., hopes to use it to improve residents' economic mobility.
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The Trump administration has forged a tentative pact with Mexico on the North American Free Trade Agreement. The next step is to get Canada re-engaged in the talks.
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Whiskey distillers in the U.S. are concerned EU tariffs will take a big bite out of sales. Many have expanded to meet growing demand and worry what will happen if trade frictions aren't resolved soon.
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Commerce Secretary Wilbur Ross said tariffs on U.S. allies were necessary to prevent China from "trans-shipping" goods through those countries. He also said China would not change its policies if the U.S. doesn't continue to apply pressure.
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The Fed boosted a key interest rate again — its seventh hike since 2015. The move, which was expected, will trigger higher rates on credit cards, home equity lines and other kinds of borrowing.
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Mary Buchzeiger's auto parts company may be fighting for its life if it doesn't get relief from Trump's proposed tariffs. "They're attacks on U.S. companies that are using Chinese goods," she says.
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The U.S. steel industry has enjoyed protection from foreign competitors since the 1790s. It says new import tariffs are actually just leveling the playing field and shouldn't be labeled "protection."
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The central bank raised its key interest rate for the first time under Jerome Powell, announcing a quarter-percentage-point hike. Economists wonder if faster growth will mean more aggressive hikes.