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Tag Archives: economy

RAUNER: AG DRIVES ILLINOIS

Gov. Bruce Rauner linked a strong Illinois economy to a healthy agriculture industry and promoted his budget plan during a visit Thursday to GROWMARK. He also highlighted several themes from his state budget message, especially the need to reduce income and property taxes. (FarmWeekNow.com)

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DOW SURGES

The Dow topped 26,000 for the first time Tuesday, just 12 days after hitting the 25,000 milestone. Stocks continue to surge amid rising hopes that tax cuts will lift corporate earnings and the economy. (USA Today)

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FARM PRICES THREATEN RURAL ECONOMY

Bankers across the Midwest say depressed farm commodity prices are the biggest threat to the economy this year in rural parts of country. The overall economic index in a monthly survey of bankers for the region remained in negative territory at 42.8 in January, down slightly from December’s 42.9. Any score below 50 suggests an… read more

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FED UNCHANGED

The Federal Reserve on Wednesday indicated it only expects two interest-rate increases in 2016, half as many as in its December projection. The Fed left interest rates unchanged this month.

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DEFICIT NOT TOP ISSUE

A Pew Research survey finds 56% say that reducing the budget deficit should be a top priority for the president and Congress in 2016, down from 64% who said this last year. The general economy and terrorism are among the top issues these days.

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TPP BENEFITS

A group supporting trade liberalization said the Trans-Pacific Partnership’s benefits to the U.S. economy outweigh adjustment costs. The U.S. Chamber of Commerce, the American Farm Bureau and other industry and farm groups have backed the deal.

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TOP ISSUES

New survey finds 56% of Americans say that reducing the budget deficit should be a top priority, down 16 points from 2013. Most continue to cite the economy (75%) and terrorism (75%) as the top issues. 

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U.S. GAINS 292,000 NEW JOBS IN DECEMBER

The United States scored big with almost 300,000 news jobs in December. This is the fifth straight year in which employment grew by at least 2 million to power a growing economy.

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U.S. ECONOMY SET TO GROW LESS THAN 3% FOR THE 10TH STRAIGHT YEAR

The U.S. economy expanded at a mild 2% pace in the third quarter (from July to September). The gross domestic product grew at a 3.9% in the second quarter. The small downgrade was triggered by a larger trade deficit and a smaller buildup in inventories.

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WEALTH & EDUCATION

College graduates weather economic downturns better than those with less education. That’s the assumption, but is it true? Only for Asians and non-Hispanic Whites, according to a study by the Federal Reserve Bank of St. Louis.

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