'We actually feel very strong about the consumer,' says one J.P. Morgan global markets strategist.
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Trump’s top economist says shutdown could stall the economy completely“You could end up with a number very close to zero in the first quarter,” said Kevin Hassett.
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Bank of America CEO: US consumer 'very strong' even as world economy sees 'synchronized slowdown'People are 'spending a lot on experiences' such as dinners and travel even as signs emerge of a weakening global economy, BofA's Brian Moynihan says.
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Lower interest rates would be a 'policy mistake' for India's central bank, economist saysLowering interest rates in India could lead to higher expectations of inflation and an increased risk of actual inflation, meaning it would be a 'policy mistake' for the Reserve Bank of India (RBI), according to an economist.
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At Davos, P&G's Marc Pritchard says consumers expect brands to be a force for goodSustainability is increasingly becoming the next frontier in P&G's fight, chief brand officer Marc Pritchard told Business Insider at the World Economic Forum in Switzerland.
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Market sell-off was overdone and economy is strong, says Wells Fargo Global CIOEurope and Asia are slowing down, but 'I don't think the rest of the world can accelerate until the United States stabilizes,' Wells Fargo Global CIO Kirk Hartman said yesterday. He said the economy is strong and for now the U.S. is the place to invest.
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Shutdown Will Be Worse For Economy Than First Thought, White House SaysThe partial government shutdown is inflicting far greater damage on the U.S. economy than the Trump administration previously estimated, the White House acknowledged.
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China says economy czar to visit Washington for trade talksBEIJING (AP) — China's economy czar, Vice Premier Liu He, will visit Washington on Jan. 30-31 for talks aimed at ending a costly tariff war over U.S. complaints about Beijing's technology ambitions. The announcement Thursday that the official in charge of the Chinese side of the negotiations will participate in person is a possible sign of progress following talks in Beijing this month between lower-level officials. Liu will visit Washington at the invitation of the U.S. Trade Representative, Robert Lighthizer, the Ministry of Commerce said. That suggested Lighthizer also might participate, a step economists said earlier would be a sign of determination to reach a settlement.
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